Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Parsons St Binghamton, NY 13903

    Sponsored
    Picture of Quadplexes at Parsons St 5, Binghamton, NY
    For Sale
    $290,000

    MULTI_FAMILY - Other - Binghamton, NY

    Property size:
    2,064 SF
    Lot size:
    0.13 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 27 at 6:06 pm

    Property Features for 5 Parsons St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 1, Basement, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 3
    Bedrooms
    4
    Bathrooms
    4
    APN
    160.66-4-32
    Parking features
    Garage
    Exterior features
    Balcony
    Appliances
    GasWaterHeater
    Size
    2,064 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Baseboard, Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Varies, Hardwood
    Building materials
    CompositeSiding
    Architectural style
    Other

    We can help!

    Listing Contact
    Christie Wall

    EXIT Realty Homeward Bound (607) 353-8060

    Listing agent Christie Wall (607) 729-5500 License #10401338218

    Listing date Jan 12, 2026

    MLS# R1656564 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Binghamton Multifamily Property Near Transportation

    This four-family property is located in Binghamton, NY, near public transportation. It features four one-bedroom units with long-term tenants. The building offers income potential and the possibility for separate utilities, with individual electric meters already in place. A newer roof was installed in 2018. On-site amenities include a coin-operated washer and dryer. Parking is provided by a two-car detached garage and an additional parking area. The property, situated on a 0.13-acre lot, has a solid rental history. The building size is 2,064 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.905488
    Latitude
    42.090183

    Nearby Similar for Sale

    • $239,000
      2,036 SF

      BINGHAMTON Multi-Unit Duplex For Sale

      Duplex in student rental zone, close to amenities and hospital.
      12 Livingstone St, Binghamton, NY 13903
      View Details
    • $100,000
      1,510 SF

      Binghamton Two-Family Home For Sale

      Two-family home in Binghamton, New York, great investment opportunity.
      9 Halford St, Binghamton, NY 13905
      View Details
    • $119,888
      1,798 SF

      Binghamton Multi-Family Fixer-Upper

      Two-unit investment property needing renovation with significant potential.
      7 Charlotte St, Binghamton, NY 13905
      View Details
    • $129,000
      1,608 SF

      Two-Unit Investment Property

      Two-unit property with student housing zoning and ample parking.
      11 Vine St, Binghamton, NY 13903
      View Details
    • $999,000
      7,195 SF

      Renovated Multifamily Building in Binghamton

      Fully renovated 12-unit apartment building in Binghamton's First Ward.
      19 Mygatt St, Binghamton, NY 13905
      View Details
    • $1,650,000
      28,177 SF

      Downtown Binghamton Redevelopment Portfolio

      Multi-building portfolio in Binghamton's Stadium District, primed for redevelopment.
      100 Henry St, Binghamton, NY 13901
      View Details
    • $1,789,000
      13,020 SF

      Downtown Binghamton Student Housing Investment

      Fully leased residential and commercial spaces near Binghamton amenities.
      74 Carroll St, Binghamton, NY 13901
      View Details
    • $1,000,000
      19,880 SF

      Downtown Binghamton Investment Opportunity

      Prime location with retail space and student housing potential.
      73 Court St, Binghamton, NY 13901
      View Details
    • $3,149,000
      18,252 SF

      Binghamton Multifamily Investment Portfolio

      Fifteen properties, thirty units, excellent Binghamton location.
      1 King Ave, Binghamton, NY 13905
      View Details
    • Contact for pricing
      127,000 SF

      Downtown Binghamton Student Housing Asset

      271-bed student housing complex in downtown Binghamton, New York.
      19-21 Chenango St, Binghamton, NY 13901
      View Details
    • $715,000
      10,472 SF

      Colonial Building with Redevelopment Potential

      10,472 SF building suitable for various uses.
      71 Main St, Binghamton, NY 13905
      View Details
    • $1,160,000
      15,356 SF

      Downtown Binghamton Mixed-Use Buildings

      Two mixed-use buildings in a high-traffic, walkable downtown location.
      29 Court St, Binghamton, NY 13901
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property near transportation with income potential and long-term tenants.
    Where is this quadplex located?
    The property is located at 5 Parsons St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - Great income potential with long-term tenants.; - Individual electric meters offer the possibility for separate utilities.; - Newer roof installed in 2018.
    (607) 353-8060
    Request Owner's contact information
    5 Parsons St Binghamton, NY 13903
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 Parsons St
    Binghamton, NY 13903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Parsons St Binghamton, NY 13903
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christie Wall
    Real Estate License ID: 10401338218
    (607) 353-8060
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.