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6-Unit Apartment Building
For Sale
$240,000
Pending

116 Prospect Avenue, Binghamton, NY 13901

MULTI_FAMILY - BINGHAMTON, NY

Property Size6,640 SF
Lot Size0.24 Acres
Days on Market50

Property Features for 116 Prospect Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning 411 apartment
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 1, Bedroom 7, Bathroom 1, Bedroom 5, Basement, Bedroom 6, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 8, Bathroom 2
Parking features Garage
Patio and Porch features Porch
Exterior features COVERED PORCH, SHED, SHRUBS/FLOWERS, SOME STORM DOORS, SOME STORM WINDOWS
Appliances RANGE/STOVE, REFRIGERATOR
Lot features G E N E R A L L Y L E V E L
Elementary school Calvin Coolidge
Elementary school district Binghamton
Middle school district Binghamton
High school district Binghamton
Directions Eldredge street or Chenango street to Prospect ave.
Subdivision Area 03
Standard status Pending
APN 030200-160-025-0002-010-000-0000
Size 6,640 SF
Lot size 0.24 Acres

Utilities

Heating system Forced Air
Cooling system Attic Fan
Water source Public

Building Details

Year built 1960
Number of units 6
Flooring type Hardwood
Building materials Brick
Architectural style Other
Listing Agency: KELLER WILLIAMS REALTY GREATER BINGHAMTON
Listed By: Erin C. Whited
Added: Jun 19 Changed: Aug 7 Last Checked: Aug 7 at 5:06PM
MLS# 336187

Copyright © 2026 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Well-maintained 6-unit multi family property offering 6,640 square feet of living space. The building features a durable metal roof and hardwood floors throughout much of the property, with numerous updates including several renovated kitchens. Heating is forced air, and cooling is provided by an attic fan. The home is served by one electric meter, six gas meters, and six separate water heaters.

Built in 1960, the property sits on a 0.24-acre lot with public water and brick construction. Exterior features include a covered porch, a shed, shrubs/flowers, and some storm doors and some storm windows. Parking is available via a garage.

Additional interior rooms include a basement, multiple bedrooms, and multiple bathrooms, supporting flexible apartment layouts within the 6-unit configuration.

Key Highlights

  • 6‑unit multi family building with 6,640 square feet of living space
  • Durable metal roof and hardwood floors throughout much of the property
  • 0.24‑acre lot with public water service

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Furniture & Home Goods HVAC Service Acupuncture Veterinary Clinic (Bike/Boat/Book/etc) Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,866
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick 6-unit apartment building with hardwood floors, forced-air heating, and a durable metal roof.
Where is this apartment building located?
The property is located at 116 Prospect Avenue Binghamton, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 6‑unit multi family building with 6,640 square feet of living space; Durable metal roof and hardwood floors throughout much of the property; 0.24‑acre lot with public water service
More about this property
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