123 Oak St.

Highlights:

• Zoned R3 – Ideal for Student Housing: Permissible zoning and existing student tenants make this a strong candidate for full conversion.
• Prime Location Near Downtown & Main Street: Walking distance to bus lines, Court Street Bridge, and Downtown Binghamton.
• Strong Walkability & Rental Demand: Walkability score of 73 with easy access to transit, shops, and university amenities.
• Recent Improvements: Roof replaced in 2022; boiler less than 10 years old.

Description:

Outstanding opportunity for student housing conversion in a prime Binghamton location. This 6-unit, 6-bedroom complex is situated in an area that has experienced significant growth in student housing development in recent years. Zoned R3, the property is well-suited for student occupancy and already includes a couple of student tenants.

Just a few buildings from Main Street, the property is within walking distance to major bus lines, the Court Street Bridge, and Downtown Binghamton. With a walkability score of 73, tenants enjoy easy access to transit, shops, restaurants, and university amenities—contributing to strong and consistent rental demand. Recent upgrades include a new roof in 2022 and a boiler that is less than 10 years old, making this a strategic investment with long-term upside potential.

Located in a rapidly developing student housing corridor, 123 Oak benefits from R3 zoning, which permits student housing use. This prime location is just a short walk to major bus lines, the Court Street Bridge, and the heart of Downtown Binghamton. With a strong walkability score of 73, residents enjoy convenient access to shops, restaurants, and campus amenities. The property's close proximity to public transit and the downtown district drives consistent rental demand, making it a highly attractive investment opportunity.

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