136 Chapin St.
$849,000
136 Chapin Street, Binghamton, NY 13905
8.85
Cap Rate
8,460 sqft
Building Size
Details:
Description:
The property sits in R3 zoning just off Main Street within a short walk to the Court Street Bridge and Downtown. This location continues to attract strong student demand and supports consistent occupancy.
Recent capital improvements include a new roof and a new boiler, along with other updates that reduce near term maintenance exposure. This is a clean, stabilized opportunity for investors seeking a reliable student housing property in a proven Binghamton location.
Positioned within R3 zoning, 136 Chapin sits in a strategic location for sustained student housing demand. The property is on the SUNY bus line and within a short walk to the Court Street Bridge and Downtown Binghamton. It is only two buildings off Main Street, providing direct access to restaurants, shops, and essential amenities. This area has a long track record of strong occupancy and continues to perform well with both students and young professionals.
Proven Demand Drivers – Supported by Binghamton University’s 18,000 students and limited on-campus housing, ensuring consistent occupancy and rent stability.
Professional Management in Place – Available at just 5%, providing operational efficiency, continuity, and immediate scalability.
Strategic Market Momentum – Located in New York’s Southern Tier, where university growth, healthcare investment, and downtown redevelopment continue to drive investor activity.
Documents:
| Title | ||
|---|---|---|
| 136 Chapin St. - Offering Memorandum _12.2025__compressed |
Location
Gallery
