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51 Seminary Avenue, Binghamton, NY 13905

Binghamton
Local realty services provided by:CENTURY 21 Jackson Real Estate
51 Seminary Avenue,Binghamton, NY 13905
$359,000
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  • 6 Beds
  • 2 Baths
  • 2,335 sq. ft.
  • Multi-family
  • Active
Listed by: scott warren, james lucenti
Office: innovative commercial advisors
MLS#:334870
Source:NY_GBAR

Price summary

  • Price:$359,000
  • Price per sq. ft.:$153.75

About this home

Offered for sale is a stabilized 2-unit student housing asset located in Binghamton’s West Side, the most established and consistently leased student corridor in the market. The property includes six bedrooms and two full bathrooms with a functional layout that supports consistent occupancy and efficient leasing. The asset is situated within the City’s R-3 zoning district, supporting higher density residential use and aligning with the surrounding student housing concentration south of Main Street. The location remains desirable for student tenants due to proximity to downtown amenities and established transportation routes. Leases for the upcoming semester are secured at $625 per bed with a projected 9.03% cap rate, offering strong in place yield relative to market alternatives. This offering presents an opportunity to acquire a well-located student housing property with durable demand and stable cash flow fundamentals.

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Home facts

  • Year built:1900
  • Listing ID #:334870
  • Added:1 day(s) ago
  • Updated:March 01, 2026 at 06:43 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Hardwood, Vinyl
  • Living area:2,335 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Building area:2,335 sq. ft.
  • Lot Features:Level
  • Architectural Style:Duplex
  • Construction Materials:Vinyl Siding
  • Foundation Description:Basement

Schools

  • Elementary school:Horace Mann

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$359,000
  • Price per sq. ft.:$153.75
  • Tax amount:$2,972

Features and amenities

  • Appliances:Electric Water Heater

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