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116 Murray Street, Binghamton, NY 13905

Binghamton
Local realty services provided by:CENTURY 21 North East
116 Murray Street,Binghamton, NY 13905
$340,000
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  • 8 Beds
  • - Baths
  • 3,605 sq. ft.
  • Multi-family
  • Active
Listed by: scott warren
Office: innovative commercial advisors
MLS#:337432
Source:NY_GBAR

Price summary

  • Price:$340,000
  • Price per sq. ft.:$94.31

About this home

116 Murray Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The property will be delivered vacant and sold in as-is condition, allowing a new owner to renovate and lease the property according to their investment strategy. Offered at approximately $42,500 per bed, it is priced below the approximately $60,000-per-bed benchmark for well-maintained and fully occupied student properties in the West Side market. Once renovated and stabilized at a projected market rent of approximately $700 per bed, the pro forma estimates annual net operating income of $39,111, representing an approximate 11.5% capitalization rate at the asking price. This offering provides investors with an attractive acquisition basis and meaningful potential for income growth and value creation.

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Home facts

  • Year built:1905
  • Subdivision & Development:Lewis St John Farm
  • Listing ID #:337432
  • Added:6 day(s) ago
  • Updated:August 20, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:8
  • Flooring:Carpet, Hardwood, Tile, Vinyl
  • Living area:3,605 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Baseboard
  • Central air:Yes

Structure and exterior

  • Year built:1905
  • Building area:3,605 sq. ft.
  • Lot Features:Level
  • Architectural Style:MultiFamily
  • Construction Materials:Vinyl Siding
  • Foundation Description:Basement

Schools

  • Elementary school:Horace Mann

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$340,000
  • Price per sq. ft.:$94.31
  • Tax amount:$7,162

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:Driveway

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