28 Lydia Street, Binghamton, NY 13905

Local realty services provided by:CENTURY 21 North East
28 Lydia Street,Binghamton, NY 13905
$229,000
  • 6 Beds
  • - Baths
  • 2,464 sq. ft.
  • Multi-family
  • Active
Listed by: james lucenti
Office: innovative commercial advisors
MLS#:333408
Source:NY_GBAR

Price summary

  • Price:$229,000
  • Price per sq. ft.:$92.94

About this home

Fully renovated four-unit in Binghamton’s desirable First Ward, just minutes from Downtown, Binghamton University, and major highways. Ideal for house hacking or investors, this property features a complete interior renovation, new roof (2024), newer furnace (2019), two hot water heaters, updated plumbing and electrical, vinyl replacement windows, and new appliances. All units are vacant and ready for leasing with assistance available. Pro forma shows $48,000 GOI, $28,975 NOI, 12% cap rate, 2.28 DSCR, 28% Year-1 cash-on-cash return, and 4.7 GRM. Utilities can be allocated via RUBS with potential for added laundry income. Close to Antique Row, restaurants, parks, and shopping, this is a low-maintenance, high-yield opportunity in a strong rental market.

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Home facts

  • Year built:1960
  • Listing ID #:333408
  • Added:58 day(s) ago
  • Updated:December 14, 2025 at 03:45 PM

Rooms and interior

  • Bedrooms:6
  • Living area:2,464 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1960
  • Building area:2,464 sq. ft.

Schools

  • Elementary school:Benjamin Franklin

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$229,000
  • Price per sq. ft.:$92.94
  • Tax amount:$4,670