One of Binghamton's most proven West Side student housing addresses. 5 Mather Street is a 9-unit income-producing property located in the R-3 Multi-Residential zone — Binghamton's designated student housing district — steps from Main Street, Downtown, and SUNY bus lines with direct service to Binghamton University. The property features six 1-bedroom/1-bath units and three 3-bedroom/3-bath units across 8,556 SF, with by-the-room leasing on the 3-bedroom units driving maximum revenue per square foot. In-place gross annual income of $116,400 with a pro forma of $126,600 at full occupancy. Estimated cap rate of approximately 7.5% on pro forma income. Infrastructure includes two boilers, three water heaters, six electric meters, and two full sets of in-building laundry. On-site maintenance management currently in place and available to convey. The property is zoned for 12 units and currently operates 9 — representing a clear, approvable path to add three additional income units without rezoning. Binghamton University received 74,725 applications in the most recent admissions cycle — a historic high — providing a sustained and growing tenant pipeline for West Side student housing assets. 72-hour advance notice required. Proof of funds or pre-qualification letter required prior to scheduling. Contact listing agent for full Offering Memorandum.