132 Main St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$678,000 USD
607-621-0439
132 Main St, Binghamton, NY for Sale
$678,000 USD
Apartments - FOR SALE
1/20
null | 8.24% Cap Rate

132 Main St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • 9-unit mixed use property with leased office
  • Recent roof, fire escape, plumbing, and electrical upgrades
  • Commercial zoning with multifamily or student housing flexibility
  • On site superintendent and professional management

OVERVIEW

Property Description Offered for sale is a well maintained 9 unit mixed use building with a proven rental profile. The unit mix includes three one bedroom units, one efficiency, three studios, one two bedroom unit, plus a separately leased office. The property has benefited from major capital improvements within the past five years, including a new roof, fire escape, plumbing, and electrical systems. The building is professionally managed with an on-site superintendent in place and has demonstrated consistent performance supported by its Main Street setting, transit access, and commercial zoning that allows flexibility for multifamily or student housing use. Location Description Located on Main Street in Binghamton, 132 Main Street offers a centrally positioned location well suited for multifamily or student housing use. The property sits near the intersections of Crandall Street, Chestnut Street, and Jarvis Street, providing convenient access to downtown and surrounding neighborhoods. The area features a walkability score of 82, with grocery stores, restaurants, retail, fitness, and daily services within walking distance. Main Street carries average daily traffic counts of approximately 12,690 vehicles, supporting consistent activity. The property is served by both SUNY and public transportation bus routes, reinforcing strong rental demand. Commercial zoning allows flexibility for residential or mixed-use configurations, including student housing.

FOR SALE DETAILS

PRICE

$678,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

9

PRICE/UNIT

$75,333

CAP RATE

8.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,006 SF

ZONING

-

APN/PARCEL ID

030200-160-030-0001-023-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.