136 Chapin St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$929,000 USD
607-621-0439
136 Chapin St, Binghamton, NY for Sale
$929,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

136 Chapin St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • Proven Demand Drivers – Supported by Binghamton University’s 18,000 students and limited on-campus housing, ensuring consistent occupancy and rent sta
  • Professional Management in Place – Available at just 5%, providing operational efficiency, continuity, and immediate scalability.
  • Strategic Market Momentum- Located in New York’s Southern Tier
  • Where university growth, healthcare investment, and downtown redevelopment continue to drive investor activity.

OVERVIEW

136 Chapin Street is a well maintained, turnkey student housing asset in Binghamton, New York. The building totals roughly 8,460 square feet and is configured as 7 units with 22 beds. 20 beds are currently leased, and several have been secured in advance for the upcoming semester, providing steady near-term income. The property sits in R3 zoning just off Main Street within a short walk to the Court Street Bridge and Downtown. This location continues to attract strong student demand and supports consistent occupancy. Recent capital improvements include a new roof and a new boiler, along with other updates that reduce near term maintenance exposure. This is a clean, stabilized opportunity for investors seeking a reliable student housing property in a proven Binghamton location.

FOR SALE DETAILS

PRICE

$929,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

6

PRICE/UNIT

$154,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

COM

APN/PARCEL ID

030200-160-039-0002-028-000-0000

ASK ABOUT THIS PROPERTY

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

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

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

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