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49 & 51 Park Avenue, Binghamton, NY 13903

Binghamton
Local realty services provided by:CENTURY 21 North East
49 & 51 Park Avenue,Binghamton, NY 13903
$840,000
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  • 20 Beds
  • - Baths
  • 7,904 sq. ft.
  • Multi-family
  • Active
Listed by: scott warren, coty lunn
Office: innovative commercial advisors
MLS#:335621
Source:NY_GBAR

Price summary

  • Price:$840,000
  • Price per sq. ft.:$106.28

About this home

11-unit multifamily investment opportunity in Binghamton’s South Side. Comprised of two well-maintained buildings at 49 and 51 Park Avenue, the property offers strong in-place occupancy, professional management, and immediate cash flow in a highly convenient location. The complex includes 5 units at 49 Park Avenue and 6 units at 51 Park Avenue, with a unit mix of nine 2-bedroom apartments and two 1-bedroom apartments. Located within walking distance of UHS and just a short half-mile from Downtown Binghamton, the property is well positioned to attract and retain tenants seeking proximity to employment, healthcare, and downtown amenities. Current rents are below Broome County Fair Market Rent, creating a meaningful opportunity for future rental growth. This offering represents a rare turnkey investment with upside. Priced to sell at an 8.86% cap rate, it is an excellent opportunity for an investor seeking stable returns and long-term value.

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Home facts

  • Year built:1960
  • Listing ID #:335621
  • Added:40 day(s) ago
  • Updated:June 06, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:20
  • Flooring:Carpet, Hardwood, Tile
  • Living area:7,904 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1960
  • Building area:7,904 sq. ft.
  • Lot Features:Level
  • Architectural Style:MultiFamily
  • Construction Materials:Aluminum Siding
  • Foundation Description:Basement

Schools

  • Elementary school:MacArthur

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$840,000
  • Price per sq. ft.:$106.28
  • Tax amount:$14,801

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:Driveway

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