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13 Walnut Street, Binghamton, NY 13905

Binghamton
Local realty services provided by:CENTURY 21 Jackson Real Estate
13 Walnut Street,Binghamton, NY 13905
$255,000
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  • 6 Beds
  • 2 Baths
  • 1,828 sq. ft.
  • Multi-family
  • Active
Listed by: scott warren
Office: innovative commercial advisors
MLS#:337434
Source:NY_GBAR

Price summary

  • Price:$255,000
  • Price per sq. ft.:$139.5

About this home

13 Walnut Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The R-3-zoned property consists of two three-bedroom units and will be delivered vacant, providing a new owner with the opportunity to renovate and reposition the property. Offered at $255,000, or approximately $42,500 per bed, the property is priced below the approximately $60,000-per-bed average for stabilized student-housing properties in the market. Based on projected rents of $725 per bed per month, the stabilized pro forma estimates annual net operating income of $33,423, representing an approximate 13% capitalization rate at the asking price. This offering provides an attractive acquisition basis with meaningful potential for income growth and value creation.

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Home facts

  • Year built:1920
  • Listing ID #:337434
  • Added:6 day(s) ago
  • Updated:August 20, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Hardwood, Tile
  • Living area:1,828 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1920
  • Building area:1,828 sq. ft.
  • Lot Features:Garden
  • Architectural Style:MultiFamily
  • Exterior Features:Covered, Porch
  • Foundation Description:Concrete Perimeter

Schools

  • Elementary school:Horace Mann

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$255,000
  • Price per sq. ft.:$139.5
  • Tax amount:$3,481

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:On Street

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