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Turn-key investment opportunity! Excellent 8-unit multi-family property featuring eight individual 1-bedroom apartments with a strong Net Operating Income of $65,647 after expenses. Landlord utility expenses (water, sewer, and common electric) total just $2,852/year. The building offers plenty of off-street parking behind the building for each tenant and is designed for low-friction management, featuring 9 separate electric meters (8 tenant-paid, 1 landlord meter for common spaces). Additional income stream provided by on-site coin-operated laundry facilities generating approximately $2,000/year ($500/qtr). Security-enabled building features a locked front entry with postal key access, plus a remote-viewable security camera system that transfers to the new owner. Well-maintained property with a solid rental history, established rental schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. Perfect addition to any portfolio!
| DAYS ON MARKET | 1 | LAST UPDATED | 7/28/2026 |
|---|---|---|---|
| YEAR BUILT | 1960 | COMMUNITY | Binghamton-City-030200 |
| COUNTY | Broome | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Binghamton-City-030200 |
|---|---|
| BASEMENT | Full, Yes |
| CONSTRUCTION | Concrete |
| HEAT | Forced Air, Natural Gas |
| HOA DUES | Apartment |
| LOT | 8316 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 66X126 |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 11049 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: James Connor, Keller Williams Realty Southern Tier & Finger Lakes
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