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28 Emma St

$270,000

28 Emma St, Binghamton, NY 13905

Active
Last Updated: 10/19/2026

9.21

Cap Rate

24,870

NOI

Details:
Cap Rate:    9.21%
NOI:    $24,870
Building Size:    2,838 sqft
Lot Area:    0.1255 acres
Occupancy:    100%
Units:    3
Year Built:    1960
Floors:    2
Highlights:
  • Turnkey Investment: Fully renovated from top to bottom and 100% leased, providing immediate stabilized income with minimal near-term capital needs.
  • Strong Rental Fundamentals: 8 bedrooms across 2,835 SF with high ceilings, generous room sizes, and an efficient layout designed to maximize rental potential.
  • Parking + Strategic Location: 2-car garage and off-street parking, a valuable amenity, just minutes from Downtown Binghamton and Binghamton University’s Health Sciences Campus.
Description:

28 Emma Street has been fully renovated from top to bottom, offering investors a turnkey multifamily opportunity. With high ceilings, generous room sizes, and eight bedrooms across 2,835 square feet provide strong space and rent efficiency. The property features a 2-car garage plus off-street parking, a meaningful amenity in a submarket where dedicated parking is scarce. This added convenience strengthens tenant appeal and supports retention. Located minutes from downtown Binghamton and Binghamton University’s Health Sciences campus, the property is well positioned to attract healthcare, university, and professional renters. 100% leased today, the property provides immediate stabilized income at closing without the uncertainty or expense of a lease-up. Fully renovated, fully leased, parking-equipped, and strategically located, 28 Emma Street offers a turnkey multifamily investment with strong fundamentals and minimal near-term risk.

### Location Description

Ideally positioned in Binghamton, 28 Emma Street offers convenient access to Downtown Binghamton, Binghamton University’s Health Sciences Campus, major employment centers, shopping, dining, and public transportation. The location provides strong connectivity to the region’s healthcare, education, and professional employment hubs while remaining close to local parks, recreation, and everyday amenities. Its combination of accessibility, nearby employment, and proximity to the university and downtown makes the area attractive to a broad rental base, including healthcare professionals, university-affiliated tenants, and local workforce renters.

Map:
Documents:
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NEW STYLE - 2 Page Flyer (P)
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NEW_STYLE_-_Offering_Memorandum__L_.pdf
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