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25 Virgil Street, Binghamton, NY 13901

Binghamton
Local realty services provided by:CENTURY 21 North East
25 Virgil Street,Binghamton, NY 13901
$235,000
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  • 7 Beds
  • - Baths
  • 2,476 sq. ft.
  • Multi-family
  • Active
Listed by: vincent lucenti
Office: innovative commercial advisors
MLS#:338134
Source:NY_GBAR

Price summary

  • Price:$235,000
  • Price per sq. ft.:$94.91

About this home

Welcome to 25 Virgil Street, a cash-flowing investment property in the heart of Binghamton, NY. Located just minutes from BU, downtown amenities, restaurants, shopping, and public transportation, this property offers strong rental potential and accessibility. The building features a Net Operating Income of $30,045.50 and is priced at a 12.79% capitalization rate, delivering solid, hands-free income for investors. Self-managed, NOI rises to roughly $32,411, pushing the cap rate to nearly 13.8% for hands-on buyers. All units are fully renovated and leased, and the property is fully stabilized with a proven, strong cash flow. The building also features electric heat in all units, helping to reduce operating expenses and simplify management. With separate electric meters and efficient utilities, this building is designed for minimal hassle. With the potential for future rent growth, this is a great opportunity for investors looking to acquire a stabilized, strong cash-flowing asset.

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Home facts

  • Year built:1950
  • Subdivision & Development:Marshland Place
  • Listing ID #:338134
  • Added:1 day(s) ago
  • Updated:September 25, 2026 at 11:49 PM

Rooms and interior

  • Bedrooms:7
  • Flooring:Carpet, Hardwood, Vinyl
  • Living area:2,476 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Baseboard

Structure and exterior

  • Year built:1950
  • Building area:2,476 sq. ft.
  • Lot Features:Level
  • Architectural Style:MultiFamily
  • Construction Materials:Aluminum Siding
  • Exterior Features:Covered, Patio, Porch
  • Foundation Description:Basement

Schools

  • Elementary school:Theodore Roosevelt

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$235,000
  • Price per sq. ft.:$94.91
  • Tax amount:$4,818

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:Driveway

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