136 Chapin St.
$929,000
136 Chapin St., Binghamton, NY 13905
8,460 sqft
Building Size
0.1803 acres
Lot Area
Details:
Highlights:
- 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.
Description:
136 Chapin Street is a well maintained, turnkey student housing asset in Binghamton, New York. The building totals roughly 8,460 square feet and is configured as 7 units with 22 beds. 20 beds are currently leased, and several have been secured in advance for the upcoming semester, providing steady near-term income.
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.
Documents:
| Title | ||
|---|---|---|
| 136_Chapin_St._-_Offering_Memorandum__12.2025_.pdf | ||
| 136 Chapin St. - Offering Memorandum (12.2025) |
Location
Gallery
