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Listed price in listed location currency (USD).
$599,999

1700

MLS® R1666750

Overview

Key Facts

Type 
Levels Residential Income
Size 5778 sqft
Garage 
Taxes $11,623
Days Active 54
Lot Size 
Approx. Age 1970
Avg. Price Per Sqft $103
MLS® Number R1666750

Property Address: 86 Oak St, Binghamton, NY, 13905-3722

Average square foot calculated using Size range provided by listing agent.

Description

MAJOR PRICE REDUCTION | ~17.4% PRO-FORMA CAP RATE | VALUE-ADD 7 UNIT + 8TH UNIT UPSIDE 86 Oak St Priced to sell at $599, 999, this property presents a high-upside multifamily opportunity in the core student housing corridor of Binghamton. Previously offered at a higher valuation, the asset has been repositioned for immediate sale. Investment Highlights ~17.4% Pro-Forma Cap Rate Based on projected NOI of $104, 397 upon full stabilization Multiple Upside Paths Even without bringing the 8th unit online, projected NOI remains approximately $92, 397, offering strong returns through operational improvements and market alignment over time 7 Units + 8th Unit Value-Add Existing 7-unit configuration with additional 1-bedroom basement unit requiring full renovation prior to lease-up Strong Rental Location Positioned along major bus lines with easy access to downtown and key student demand drivers Off-Street Parking + 51’ Frontage Desirable amenity that enhances tenant appeal and retention R-3 Zoning (Multifamily Compliant) Supports current use and long-term investment stability
MLS® NumberR1666750
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1970
BasementFull
DrivewayThree Or More Spaces, No Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$599,999List Price

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