About this home

111 Oak Street - a fully renovated brick 12-unit multifamily asset in one of Binghamton's strongest student housing corridors. Six 2BR and six 1BR units, zoned R3 for student or long-term rentals. All units renovated; right wing completely remodeled, with main beams in the basement replaced and a new fire escape installed out back. Photos coming soon. Currently fully vacant except one tenant, offering full lease-up control at market rents from day one. Pro forma projects NOI of $83,834 at a 9.31% cap rate with a 32% year-one cash-on-cash return; rent assumptions are conservative. Just off Main Street, a block from the Front Street Bridge, walkable to the SUNY bus line and downtown restaurants, nightlife, and amenities - ideal for student and workforce tenants.

Facts and features

Schools

• Binghamton High School

  high · 9-12 · 0.1 mi

  3

• Horace Mann School

  elementary · K-5 · 0.5 mi

  4

• West Middle School

  middle · 6-8 · 1.0 mi

  3

• Seton Catholic-Central High School

  middle · 7-12 · 0.5 mi

• Children's Unit-Treatment & Eval

  elementary · 0.7 mi

• Macarthur School

  elementary · K-5 · 0.9 mi

  4

Price history

• Sep 25, 2026 · Listed$900,000
• Aug 31, 2026 · Listing Removed—
• Jul 27, 2026 · Listed$900,000
• May 15, 2026 · Listing Removed—
• Apr 26, 2026 · Listed$850,000
• Feb 28, 2026 · Listing Removed—
• Dec 11, 2025 · Listed$750,000
• Sep 30, 2025 · Sold$530,000

Tax history

• 2026$16,092 tax · $160,000 assessed
• 2025$15,990 tax · $160,000 assessed
• 2024$15,566 tax · $160,000 assessed
• 2023$15,382 tax · $160,000 assessed
• 2022$15,117 tax · $160,000 assessed
• 2021$15,041 tax · $160,000 assessed
• 2020$15,451 tax · $160,000 assessed
• 2017$14,646 tax · $160,000 assessed

Where it is