59 Grand Ave Johnson City and 7 Tremont Ave. Binghamton

Highlights:

• 20 total multifamily units across two properties
• 100% one-bedroom apartment mix
• Fully occupied with strong occupancy history
• Significant renovations and property improvements completed
• Stable in-place cash flow
• Brick construction with strong curb appeal
• Located in established Johnson City and Binghamton rental corridors
• Convenient access to healthcare, Downtown Binghamton, retail, and public transportation

Description:

Offered for sale is a 20-unit multifamily portfolio consisting of 59 Grand Avenue in Johnson City and 7 Tremont Avenue in Binghamton. The portfolio is comprised entirely of one-bedroom apartments and is currently fully occupied, reflecting strong occupancy history and stable tenant demand across both assets.

Both properties have benefited from substantial renovations and ongoing improvements, allowing investors to acquire stabilized multifamily assets with limited near-term capital requirements. Priced at approximately $69,950 per unit, the portfolio presents an attractive opportunity to acquire scale, dependable cash flow, and operational efficiency within two established Southern Tier rental markets.

59 Grand Avenue is located in Johnson City near UHS Wilson Medical Center, Riverside Drive retail, and the area’s expanding healthcare and redevelopment corridor. The property benefits from convenient access to employment centers, shopping, restaurants, and public transportation.

7 Tremont Avenue is positioned on Binghamton’s West Side with close proximity to Downtown Binghamton, major commuter routes, neighborhood retail, and Binghamton University bus lines. The surrounding area continues to support consistent rental demand due to its accessibility and established residential character.

Together, the portfolio offers investors exposure to two strong multifamily locations within the Greater Binghamton market.

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