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24 Mather Street, Binghamton, NY 13905

Binghamton
Local realty services provided by:CENTURY 21 Jackson Real Estate
24 Mather Street,Binghamton, NY 13905
$225,000
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  • 18 Beds
  • 8 Baths
  • 6,654 sq. ft.
  • Multi-family
  • Active
Listed by: coty lunn
Office: innovative commercial advisors
MLS#:335681
Source:NY_GBAR

Price summary

  • Price:$225,000
  • Price per sq. ft.:$33.81

About this home

This 3-family property presents a high-impact value-add opportunity in a proven student housing market, located within the R3 zoning district allowing for this use. Configured for 18–20 bedrooms, the asset supports a scalable per-bed rental model. Projected gross income of approximately $140,000 to $156,000 annually, based on $650 per bedroom, with additional income potential from washers and dryers. The property features a strong existing layout, having historically operated as a student rental, with clear upside through higher-end renovations and finishes to drive rent growth. Ownership has begun improvements, including new, upgraded electrical/panel and brand-new tile and renovation materials are already on-site and included in the sale, reducing upfront capital. A large basement, previously used as a common area with a bar, can be restored as a shared tenant space, further enhancing appeal, retention, and overall NOI growth potential. Call today!

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Home facts

  • Year built:1917
  • Subdivision & Development:City/Binghamton
  • Listing ID #:335681
  • Added:183 day(s) ago
  • Updated:October 30, 2026 at 01:01 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:8
  • Full bathrooms:8
  • Flooring:Hardwood, Tile
  • Living area:6,654 sq. ft.

Heating and cooling

  • Heating:Radiators, Steam

Structure and exterior

  • Year built:1917
  • Building area:6,654 sq. ft.
  • Lot Features:Level
  • Architectural Style:MultiFamily
  • Construction Materials:Stucco
  • Exterior Features:Covered, Porch
  • Foundation Description:Basement, Poured

Schools

  • Elementary school:Thomas Jefferson

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$225,000
  • Price per sq. ft.:$33.81
  • Tax amount:$6,513

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:Driveway

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