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
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
Property Details
Price:
$599,999
MLS #:
R1666750
Status:
Active
Beds:
17
Baths:
0
Type:
Multi Family
Subtype:
Other
Neighborhood:
binghamtoncity030200
Listed Date:
Mar 13, 2026
Finished Sq Ft:
5,778
Total Sq Ft:
5,778
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1970
Units:
7
See this Listing
Schools
School District:
Binghamton
Elementary School:
Horace Mann
Middle School:
West Middle
High School:
Binghamton High
Interior
Appliances
Electric Oven, Electric Range, Gas Water Heater, Refrigerator, See Remarks
Cooling
Other, See Remarks
Flooring
Other, See Remarks
Heating
Gas, Other, See Remarks
Levels
Two
Exterior
Community Features
Other, See Remarks
Construction Materials
Frame, Stucco
Exterior Features
See Remarks
Lot Features
Near Public Transit, Rectangular, Rectangular Lot
Parking Features
Three Or More Spaces, No Garage
Roof
Flat, Other, Shingle, See Remarks
Stories
2
Financial
Taxes
$11,623
Map
Community
- Address86 Oak Street Binghamton NY
- CityBinghamton
- CountyBroome
- Zip Code13905
Subdivisions in Binghamton
Market Summary
Current real estate data for Multi Family in Binghamton as of Jul 22, 2026
9
Multi Family Listed
59
Avg DOM
57
Avg $ / SqFt
$147,155
Avg List Price
Property Summary
- 86 Oak Street Binghamton NY is a Multi Family for sale in Binghamton, NY, 13905. It is listed for $599,999
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Courtesy of Owner Entry.com. 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. 86 Oak Street
Binghamton, NY