Active
86 Oak Street, Binghamton NY 13905
MLS# R1666750
$699,990
Price
7
Beds
-
Baths
5,778
Living Area (Sq.Ft.)
0.12
Lot Area (Acres)
$699,990
Price
7
Beds
-
Baths
5,778
Living Area (Sq.Ft.)
0.12
Lot Area (Acres)
UNBEATABLE 12.3% PRO-FORMA CAP RATE: 7-Unit Building + 8th Unit Value-Add Upside <br> <br>Description: <br>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. <br> <br>Investment Highlights: <br> <br>Pro-Forma 12.3% Cap Rate: Based on optimized operations and a Pro-Forma NOI of $85,997. <br> <br>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. <br> <br>Legal R-3 Zoning: The "gold standard" for student housing compliance in Broome County. <br> <br>Financials (Pro-Forma): <br> <br>Net Operating Income (NOI): $85,997 <br> <br>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.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1970
Parcel Number
86OakStreetBinghamton13905
Unit Number
--
Lot Features
Near Public Transit, Rectangular, Rectangular Lot
Levels
Two
Lot Size Dimensions
51X99
Stories
2
Community Features
Other,SeeRemarks
Property Condition
Resale
Elementary School
Horace Mann
Elementary School District
Binghamton
Middle Or Junior School
West Middle
Middle Or Junior School District
Binghamton
High School
Binghamton High
High School District
Binghamton
Location
Listing Agent
David White
Listing Office
Owner Entry.com
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional, Other, See Remarks
Listing Agreement
ExclusiveAgency
Listing Service
EntryOnly
Listing Contract Date
2026-03-13
Owner Pays
Heat
Rent Includes
Heat
Fire Places Total
0
Flooring
Other, See Remarks
Cooling Features
Other,SeeRemarks
Heating
true
Heating Features
Gas, Other, See Remarks
Appliances
Electric Oven, Electric Range, Gas Water Heater, Refrigerator, See Remarks
Garage
false
Garage Spaces
0
Exterior Features
See Remarks
Water Source
Connected, Public
Sewer
Connected
Roof
Flat, Other, Shingle, See Remarks
Utilities
Sewer Connected, Water Connected
Parking Features
Three Or More Spaces, No Garage
Basement
Full
Construction Materials
Frame, Stucco
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.