Map
Link Copied
Listed price in listed location currency (USD).
$699,990

600

MLS® R1666750

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 5778 sqft
Garage No
Maintenance Fees 
Taxes $11,623
Days Active 0
Approx. Age 1970
Avg. Price Per Sqft $121
MLS® Number R1666750

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

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

Description

UNBEATABLE 12.3% PRO-FORMA CAP RATE: 7-Unit Building + 8th Unit Value-Add Upside Description: Priced at $699, 990 for immediate sale, 86 Oak St is a high-yield asset in Binghamton’s premier student housing hub. Located on major bus lines near downtown, this location ensures high demand, bolstered by 51’ frontage and rare off-street parking—a major competitive advantage in this neighborhood. Investment Highlights: Pro-Forma 12.3% Cap Rate: Based on optimized operations and a Pro-Forma NOI of $85, 997. 7 Units + 1 Bonus: Currently 7 functional units with a 1-bed basement unit awaiting renovation. Pro-forma financials include the projected income from this 8th unit. Legal R-3 Zoning: The "gold standard" for student housing compliance in Broome County. Financials (Pro-Forma): Net Operating Income (NOI): $85, 997 Property is being sold as-is. This is a rare "math-house" play for an investor looking to anchor their portfolio in the Westside’s premier rental corridor.
MLS® NumberR1666750
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1970
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$699,990List Price
  • Commute

Commute

Starting Address
Destination Address
86 Oak St, Binghamton, NY

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties