Duplex with Detached
New
For Sale
$219,900
111 Eldredge St, Binghamton, NY 13901
Two apartments offer separate entrances, covered porches, and in-unit laundry.
Property Size2,014 SF
Price / SF$109.19
Days on Market4
Property Features for 111 Eldredge St
General Information
Standard status
Active
Size
2,014 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
2F, 2F
Additional Details
Gross Income
$26,220
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,304
Amenities
hardwood floors
separate entrances
covered porches
in-unit washer and dryer
Landscaping
Mature Trees/Landscape
Porch
Building Details
Building Size
2,014 SF
Year Built
1900
Units
2
Listing Agency:
eXp REALTY
Listed By:
Amity L. Deubler · License #10401395123
Source:
Gehlcorealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp REALTY
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,014-square-foot duplex contains two apartments, each with hardwood floors, a separate entrance, a covered porch, and an in-unit washer and dryer. A detached two-car garage is also part of the property. Tenants pay their own utilities.
The property occupies a corner lot near Downtown Binghamton, major transportation routes, and area employers.
The property occupies a corner lot near Downtown Binghamton, major transportation routes, and area employers.
Key Highlights
- Two‑apartment duplex with 2,014 square feet
- Detached two‑car garage
- Both apartments have hardwood floors, separate entrances, covered porches, and in‑unit washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,996
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,920
$359.9K
Cap Rate 7%
$257,086
$257.1K
Cap Rate 9%
$199,956
$200.0K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$27.8K $13.80/SF
− Vacancy
−$2.1K −$1.04/SF
EGI
$25.7K $12.77/SF
− OpEx
−$7.7K −$3.83/SF
NOI
$18.0K $8.94/SF
Area
Broome County, NY
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,920
Cap Rate 7%
$257,086
Cap Rate 9%
$199,956
Alternative Uses
Best Use
Multifamily LT 5
$257.1K
$225.0K – $299.9K
NOI $17,996 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$239.7K
$209.7K – $279.6K
NOI $16,778 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$499.7K
$437.2K – $582.9K
NOI $34,976 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
Explore this area
Business Placement
Demographics for 13901, NY
20,548
Population
10,148
Households
2
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
893
Density / Sq Mi
$54,165
Median Household Income
$36,897
Median Earnings
$806
Median Rent
$152,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate entrances, covered porches, and in-unit laundry.
Where is this duplex located?
The property is located at 111 Eldredge St Binghamton, NY.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two‑apartment duplex with 2,014 square feet; Detached two‑car garage; Both apartments have hardwood floors, separate entrances, covered porches, and in‑unit washers and dryers
