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111 Oak Street, Binghamton, NY 13905

Binghamton
Local realty services provided by:CENTURY 21 North East
111 Oak Street,Binghamton, NY 13905
$900,000
Virtual Tour
  • 18 Beds
  • - Baths
  • 8,640 sq. ft.
  • Multi-family
  • Active
Listed by: vincent lucenti
Office: innovative commercial advisors
MLS#:336751
Source:NY_GBAR

Price summary

  • Price:$900,000
  • Price per sq. ft.:$104.17

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.

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Home facts

  • Year built:1965
  • Listing ID #:336751
  • Added:1 day(s) ago
  • Updated:July 27, 2026 at 08:47 PM

Rooms and interior

  • Bedrooms:18
  • Flooring:Hardwood, Tile, Vinyl
  • Living area:8,640 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Baseboard

Structure and exterior

  • Year built:1965
  • Building area:8,640 sq. ft.
  • Lot Features:Level
  • Construction Materials:Brick
  • Exterior Features:Covered, Porch
  • Foundation Description:Basement

Schools

  • Elementary school:Horace Mann

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$900,000
  • Price per sq. ft.:$104.17
  • Tax amount:$15,991

Features and amenities

  • Appliances:Gas Water Heater

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