Turn-key investment opportunity! Excellent 5-unit multi-family property featuring five individual 1-bedroom apartments delivering a strong Net Operating Income (NOI) of $37,539 after expenses, representing a solid 10% cap rate. Total landlord utility expenses (electric, gas, water, and sewer) are $8,809/year. The property includes high-speed internet bundled into operations to power the remote-accessible security camera system, which transfers to the new owner upon sale. Well-maintained with a solid rental history, established annual rent schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. A fantastic addition to any portfolio!
Property Details
Price:
$370,000
MLS #:
R1702566
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Apartment
Neighborhood:
binghamtoncity030200
Listed Date:
Jul 29, 2026
Finished Sq Ft:
3,231
Total Sq Ft:
3,231
Lot Size:
6,050 sqft / 0.14 acres (approx)
Year Built:
1960
See this Listing
Schools
School District:
Binghamton
Interior
Heating
Gas, Forced Air
Exterior
Lot Features
Rectangular, Rectangular Lot
Parking Spots
2
Parking Total
2
Roof
Shingle
Stories
3
Financial
Taxes
$3,579
Map
Community
- Address158 Chapin Street Binghamton NY
- CityBinghamton
- CountyBroome
- Zip Code13905
Subdivisions in Binghamton
Market Summary
Current real estate data for Commercial in Binghamton as of Sep 05, 2026
3
Commercial Listed
47
Avg DOM
75
Avg $ / SqFt
$416,633
Avg List Price
Property Summary
- 158 Chapin Street Binghamton NY is a Commercial for sale in Binghamton, NY, 13905. It is listed for $370,000
Similar Listings Nearby
Courtesy of Keller Williams Realty Southern Tier & Finger Lakes. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 158 Chapin Street
Binghamton, NY