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    Well-Maintained 6-Unit Multifamily Building Title is generated by Realmo AI

    116 Prospect Avenue, Binghamton, NY 13901

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    New
    For Sale
    $240,000

    COMMERCIAL - BINGHAMTON, NY

    Property size:
    6,640 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $36/SF
    Added:
    Jun 19, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 20 at 9:06 pm

    Property Features for 116 Prospect Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    411-apartmetn
    Standard status
    Active
    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

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    Listing Contact
    Erin C. Whited

    Listing agent Erin C. Whited

    Listing office KELLER WILLIAMS REALTY GREATER BINGHAMTON 49 Court Street Suite 300B Suite 300B, Binghamton, NY

    Listing date Jun 19, 2026

    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.

    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
    • Several renovated kitchens and numerous updates reported
    • Utilities include 1 electric meter, 6 gas meters, and 6 separate water heaters
    • Public water service

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9082961
    Latitude
    42.1057558

    FAQs

    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
    More about this property
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