171 Front St

Highlights:

• • Three-building mixed-use portfolio with eight total units, providing diversified residential and commercial income
• • Offered at a 10% cap rate with strong in-place cash flow and upside through rent growth and operational improvements
• • Well-maintained asset with electric service throughout, gas lines relocated above ground, and two buildings on slab foundations
• • Street-facing commercial units with strong visibility along Front Street and established local businesses in place
• • Two on-site garages generating additional income and enhancing overall returns
• • Located in Vestal near Binghamton, benefiting from steady tenant demand, commuter traffic, and easy access to Route 17 and I-86

Description:

Income-producing mixed-use portfolio consisting of three separate buildings with a total of eight units, including a blend of residential and commercial occupancy. The property is currently offered at a 10% cap rate, making it an attractive opportunity for investors seeking immediate cash flow with long-term upside. The asset is well maintained and operationally efficient. All buildings are serviced by electric, with gas lines relocated above ground. Two of the three buildings are constructed on slab foundations. The commercial spaces are street-facing and benefit from strong visibility along Front Street, with established local businesses in place. Residential units are in solid condition and provide consistent demand in the Vestal market. Additionally, two on-site garages generate supplemental income and enhance overall returns. With multiple buildings, diversified income streams, and the ability to drive rent growth over time, this asset presents clear upside potential through operational improvements and future lease adjustments. Its central Vestal location supports long-term tenant stability and continued investor demand.

This is a strong, fundamentals-driven investment suited for both seasoned investors and owner-users looking for reliable cash flow with room to grow.



This property is located in Vestal, one of the more stable and desirable markets in the Greater Binghamton area. Vestal has a strong residential base, steady commercial activity, and a long track record of demand from both tenants and small business owners. It’s a market where people tend to stay, which helps support consistent occupancy and predictable income.

Vestal sits right next to Binghamton and benefits from its role as part of the region’s main economic hub. Binghamton is supported by healthcare systems, colleges, and long-standing employers that continue to drive housing and retail demand. The two communities work together, with many residents living in Vestal and commuting into Binghamton for work, shopping, and services.

Front Street is a well-traveled corridor connecting Vestal to downtown Binghamton, giving properties along it strong visibility and easy access. The area sees regular commuter traffic and is close to restaurants, retail, and everyday amenities. Quick access to Route 17 and I-86 also makes it easy to move throughout the Southern Tier, which is a plus for both residential and commercial tenants.

Overall, Vestal and Binghamton offer a practical, fundamentals-driven market. Rents remain affordable, demand stays consistent, and new supply is limited, making this area attractive for investors looking for steady cash flow and long-term stability rather than speculation.

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