299 Clinton St - Apartments FOR SALE


Binghamton, NY 13905- First Ward
$299,000 USD
607-621-0439
299 Clinton St, Binghamton, NY for Sale
$299,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

299 Clinton St
Binghamton, NY 13905
First Ward


HIGHLIGHTS

  • Two-building mixed-use investment with 4 residential units and 1 commercial space
  • Pre-approval in place for an additional one-bedroom unit, creating immediate upside
  • Located two blocks from the Glenwood Avenue interchange with strong accessibility
  • High-visibility corridor with approximately 9,500 vehicles per day on Clinton Street
  • Diversified income stream with both residential and commercial tenancy
  • In-place cash flow with potential to increase revenue through added unit

OVERVIEW

Offered for sale is an 8-bed, 5-bath, two-building mixed-use investment opportunity located along Clinton Street in Binghamton, just two blocks from the Glenwood Avenue interchange. The property is currently configured with four residential units and one commercial space, generating $47,100/year in gross income and providing a balanced income stream in a well-trafficked and accessible location. The asset offers immediate upside through pre-approval for an additional one-bedroom unit on the ground floor, allowing a new owner to increase density and revenue without navigating the entitlement process. Positioned along a highly visible corridor, the property benefits from approximately 9,500 vehicles per day on Clinton Street and over 7,500 vehicles per day on Glenwood Avenue, supporting both residential demand and commercial exposure. With in-place income, expansion potential, and strong underlying location fundamentals, the property presents a clear value-add opportunity. The combination of multiple buildings, mixed-use configuration, and additional unit potential positions this offering for both stable cash flow and future income growth within one of Binghamton’s established commercial corridors.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

4

PRICE/UNIT

$74,750

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

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,881 SF

ZONING

YES

APN/PARCEL ID

030200-143-076-0001-037-000-0000

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.