86 Oak St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$525,000 USD
607-621-0439
86 Oak St, Binghamton, NY for Sale
$525,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

86 Oak St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • 8-unit multifamily investment opportunity
  • 17 existing beds across 7 completed units
  • Separate electric meters

OVERVIEW

86 Oak Street presents an opportunity to acquire an 8-unit multifamily property in one of Binghamton's strongest rental corridors. The property currently consists of seven completed units totaling 17 beds, along with a framed-out basement unit that may offer the potential to increase the unit and bed count, subject to municipal approvals. The building is separately metered for electric and includes on-site laundry facilities and off-street parking. Positioned within walking distance of Downtown Binghamton and neighboring approximately 1,300 student beds, the property benefits from consistent demand drivers associated with the area's student housing market. Its proximity to bus routes, restaurants, retail, and entertainment venues supports continued tenant demand from both students and traditional renters. This offering presents a value-add opportunity through renovation, operational improvements, lease-up, and potential expansion of the existing unit count.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$40 USD /SF

# OF UNITS

7

PRICE/UNIT

$75,000

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

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,117 SF

ZONING

C-5

APN/PARCEL ID

030200-160-047-0004-001-000-0000

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.