Well-Maintained 6-Unit Multifamily
For Sale
$240,000
Pending
116 Prospect Avenue, Binghamton, NY 13901
COMMERCIAL - BINGHAMTON, NY
Property Size6,640 SF
Lot Size0.24 Acres
Days on Market49
Property Features for 116 Prospect Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
411-apartmetn
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
Water source
Public
Building Details
Year built
1960
Building materials
Brick Veneer
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
(607) 722-0722
Listed By:
Erin C. Whited
(607) 727-5609
Added: Jun 19
Changed: Aug 4
Last Checked: Aug 6 at 4:06PM
MLS# 336185
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.
This well-maintained 6-unit multifamily property offers over 6,000 square feet of living space. The building includes a durable metal roof, hardwood floors throughout much of the interior, and numerous updates, including several renovated kitchens. Utility service is set up with one electric meter, six gas meters, and six separate water heaters.
Located at 116 Prospect Avenue in Binghamton, the property is described as convenient to downtown amenities, public transportation, and shopping. With a larger building footprint, it presents a consolidated multifamily option for ownership and ongoing management.
The asset is suited for investors or owner-operators looking for a small residential income building with a documented history of updates. With six units and separate water heaters, it supports straightforward unit management and tenant turnover considerations. The combination of continued improvements, durable exterior components, and updated interior elements can be attractive to those evaluating a diversified portfolio of residential income properties.
Located at 116 Prospect Avenue in Binghamton, the property is described as convenient to downtown amenities, public transportation, and shopping. With a larger building footprint, it presents a consolidated multifamily option for ownership and ongoing management.
The asset is suited for investors or owner-operators looking for a small residential income building with a documented history of updates. With six units and separate water heaters, it supports straightforward unit management and tenant turnover considerations. The combination of continued improvements, durable exterior components, and updated interior elements can be attractive to those evaluating a diversified portfolio of residential income properties.
Key Highlights
- 6‑unit multifamily built in 1960 with over 6,000 SF of living space
- Brick veneer construction with a durable metal roof
- Hardwood floors throughout much of the property
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,866
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit residential income property with updated kitchens, hardwood floors, and separate utilities for each unit.
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 multifamily built in 1960 with over 6,000 SF of living space; Brick veneer construction with a durable metal roof; Hardwood floors throughout much of the property
