Binghamton Multifamily Investment
For Sale
$1,499,000
327 Main St, Binghamton, NY 13905
Renovated 16-unit multifamily property in prime student housing location.
Property Size7,904 SF
Days on Market318
Property Features for 327 Main St
General Information
Standard status
Active
Size
7,904 SF
Property subtype
Multifamily
Net Operating Income
$127,160
Building Details
Building Size
7,904 SF
Year Built
1965
Listing Agency:
SVN Innovative Commercial Advisors
Listed By:
Scott Warren, CCIM, CIREC · License #NY #10491212432
(607) 621-0439
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 2
Last Checked: Oct 4 at 7:56AM
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 SVN Innovative Commercial Advisors
Investment Insights
Based on property information with market context.
Located at 327 Main St in Binghamton, NY, this 11,679 SF multifamily property presents an investment opportunity. Constructed in 1965 and renovated in 2021, the mid-rise building features 16 units. The property is zoned Multi Residential 20 Units and is situated in the Binghamton Student Housing area. The building is fully occupied. Its location on Main Street provides direct access to SUNY and public transportation bus lines, with walking distance to restaurants, shops and amenities. The property offers modernized facilities and rental income potential, making it attractive to multifamily investors.
Key Highlights
- Prime location in the high‑demand Binghamton Student Housing area, directly on Main Street and bus lines, within walking distance to amenities.
- Fully occupied with 100% occupancy, ensuring a stable and reliable cash flow.
- Recently renovated in 2021, providing updated and modernized facilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,847
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,940
$1.3M
Cap Rate 7%
$940,671
$940.7K
Cap Rate 9%
$731,633
$731.6K
Market Conditions
NOI Build-Up for 7,904 SF
Gross rent
$128.0K $16.20/SF
− Vacancy
−$8.3K −$1.05/SF
EGI
$119.7K $15.15/SF
− OpEx
−$53.9K −$6.82/SF
NOI
$65.8K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,940
Cap Rate 7%
$940,671
Cap Rate 9%
$731,633
Alternative Uses
Best Use
Apartment 5plus
$940.7K
$823.1K – $1.10M
NOI $65,847 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,264 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 13905, NY
27,672
Population
13,774
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
28.2 sq mi
ZIP Area
981
Density / Sq Mi
$53,757
Median Household Income
$30,359
Median Earnings
$993
Median Rent
$137,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 16-unit multifamily property in prime student housing location.
Where is this apartment building located?
The property is located at 327 Main St Binghamton, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime location in the high‑demand Binghamton Student Housing area, directly on Main Street and bus lines, within walking distance to amenities.; Fully occupied with 100% occupancy, ensuring a stable and reliable cash flow.; Recently renovated in 2021, providing updated and modernized facilities.
