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52 Leroy Street, Binghamton, NY 13905

Binghamton
Local realty services provided by:CENTURY 21 Jackson Real Estate
52 Leroy Street,Binghamton, NY 13905
$212,500
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  • 5 Beds
  • 2 Baths
  • 2,044 sq. ft.
  • Multi-family
  • Active
Listed by: scott warren
Office: innovative commercial advisors
MLS#:337456
Source:NY_GBAR

Price summary

  • Price:$212,500
  • Price per sq. ft.:$103.96

About this home

52 Leroy Street presents a compelling value-add opportunity in the heart of Binghamton’s established West Side student-housing market. The duplex is offered in as-is condition at $212,500, or approximately $42,500 per bed, compared with an estimated market average of approximately $60,000 per bed for stabilized student-housing properties. Following renovation, the property is projected to generate annual rental income of $43,500 and pro forma net operating income of $24,528. At the asking price, this equates to an approximate 11.54% pro forma capitalization rate, providing an attractive acquisition basis with meaningful potential for income growth and value creation.

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Home facts

  • Year built:1920
  • Listing ID #:337456
  • Added:73 day(s) ago
  • Updated:October 24, 2026 at 03:03 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Vinyl
  • Living area:2,044 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1920
  • Building area:2,044 sq. ft.
  • Lot Features:Garden
  • Architectural Style:Duplex
  • Construction Materials:Frame, Vinyl Siding
  • Exterior Features:Covered, Porch
  • Foundation Description:Concrete Perimeter

Schools

  • Elementary school:Thomas Jefferson

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$212,500
  • Price per sq. ft.:$103.96
  • Tax amount:$5,021

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:On Street

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