18 North StBinghamton, NY 13905

Property Details for 18 North St

Year built

1960

Lot size

1,960.00 AC

Property size (Sq ft)

10,920 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 12-unit apartment building, located at 18 North St, Binghamton, NY 13905, presents a compelling investment opportunity. Boasting 10,920 square feet on a 1.96-acre lot, this Class A property offers a strong 9.46% cap rate and a substantial net operating income (NOI) of $115,874. Built in 1960 and recently fully renovated, the building features modern kitchens, updated bathrooms, new flooring, and refreshed common areas. The property is zoned R3 and approved for student housing, making it ideally situated to capitalize on the growing student population. Its prime location in Binghamton's West Side, between Murray and Oak Streets, provides convenient access to Main Street, bus lines, and the Court Street Bridge. A Walk Score of 70 ensures residents enjoy easy access to downtown amenities, restaurants, and nightlife. This turnkey property is ready for immediate income generation, offering a rare combination of high-end finishes, strong financials, and a desirable location. The asking price is $1,225,000. This is a truly exceptional opportunity for investors seeking a high-return, low-maintenance multifamily investment in a thriving New York market.

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.1015

Longitude

-75.9199

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].