41 1/2 Fayette St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$475,000 USD
607-621-0439
41 1/2 Fayette St, Binghamton, NY for Sale
$475,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

41 1/2 Fayette St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Fully leased, turn-key operation — no downtime, no vacancy exposure.
  • Modern finishes & recent updates — upgraded interiors reduce capital expense risk.
  • Prime downtown / university location — steps from Court Street, transit, hospitals and SUNY Broome.
  • Stable cash flow — low operating costs, steady demand from students and professionals.

OVERVIEW

Well-kept and fully leased four-unit in Downtown Binghamton. The property totals 3,128 SF on a 0.05-acre lot and is configured as one 2-bedroom and three 3-bedroom apartments with modern finishes. Positioned just off Court Street, residents are within a short walk of restaurants, Government Plaza, the BU Downtown Center, and SUNY Broome bus lines, with quick access to UHS and Lourdes medical campuses. This location supports consistent tenancy from students and young professionals and has historically low vacancy. A straightforward, stabilized asset for buyers seeking durable cash flow in a supply-constrained downtown rental market.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

4

PRICE/UNIT

$118,750

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

0.05 AC

LAND SF

2,039 SF

ZONING

COM

APN/PARCEL ID

030200-160-034-0001-018-000-0000

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.