About this home

This 3-family property presents a high-impact value-add opportunity in a proven student housing market, located within the R3 zoning district allowing for this use. Configured for 18-20 bedrooms, the asset supports a scalable per-bed rental model. Projected gross income of approximately $140,000 to $156,000 annually, based on $650 per bedroom, with additional income potential from washers and dryers. The property features a strong existing layout, having historically operated as a student rental, with clear upside through higher-end renovations and finishes to drive rent growth. Ownership has begun improvements, including new, upgraded electrical/panel and brand-new tile and renovation materials are already on-site and included in the sale, reducing upfront capital. A large basement, previously used as a common area with a bar, can be restored as a shared tenant space, further enhancing appeal, retention, and overall NOI growth potential. Call today!

Facts and features

Schools

• Binghamton High School

  high · 9-12 · 0.4 mi

  3

• Horace Mann School

  elementary · K-5 · 0.4 mi

  4

• West Middle School

  middle · 6-8 · 0.8 mi

  3

• Seton Catholic-Central High School

  middle · 7-12 · 0.4 mi

• Thomas Jefferson School

  elementary · K-5 · 0.8 mi

  5

• Children's Unit-Treatment & Eval

  elementary · 1.0 mi

Price history

• Oct 9, 2026 · Price Changed$225,000
• Sep 5, 2026 · Price Changed$234,900
• Jul 7, 2026 · Price Changed$239,000
• May 27, 2026 · Price Changed$259,000
• Apr 29, 2026 · Listed$269,000

Tax history

• 2026$8,583 tax · $100,000 assessed
• 2025$9,994 tax · $100,000 assessed
• 2024$9,729 tax · $100,000 assessed
• 2023$9,614 tax · $100,000 assessed
• 2022$9,448 tax · $100,000 assessed
• 2021$9,401 tax · $100,000 assessed
• 2020$6,966 tax · $100,000 assessed
• 2017$6,054 tax · $100,000 assessed

Where it is