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123 Oak

$298,000

123 Oak Street, Binghamton, NY 13905

Active
Last Updated: 04/18/2025

0.95

Cap Rate

3,356 sqft

Building Size

Details:
Cap Rate:    0.95%
Building Size:    3,356 sqft
Lot Area:    0.2 acres
Units:    6
Year Built:    1960
Zoning:    Residential Multi Unit Dwelling
Floors:    2
Description:

Excellent area for a possible student housing conversion. This area has seen significant development into Student housing over the past few years. This is R3 Zoning (Permissible for Student Housing). This is walking distance to the Bus lines, the Court St Bridge and Downtown Binghamton. This has a very walkable score of 73. The close proximity to Downtown Binghamton and the bus lines creates a very strong rental demand in this area. This is just a few buildings from Main St. This is  a 6 unit, 6 Bed complex. The boiler is less than 10 years old. Roof was replaced in 2022. This building already has a couple of student tenants and conversion to student housing is a possibility. 


This area has seen significant development into Student housing over the past few years. This is R3 Zoning (Permissible for Student Housing). This is walking distance to the Bus lines, the Court St Bridge and Downtown Binghamton. This has a very walkable score of 73. The close proximity to Downtown Binghamton and the bus lines creates a very strong rental demand in this area.


6, 1 Bed units.
New roof 2022.
Boiler less than 10 years old.
Walking distance to Downtown Binghamton.
In R3 Zoning (Student Housing permissible).

Map:
Documents:
Title
123 Oak OM
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Gallery