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    327 Main St Binghamton, NY 13905

    For Sale
    $1,499,000

    Renovated 16-unit multifamily property in prime student housing location.

    Property size:
    7,904 SF

    Property Features for 327 Main St

    General Information

    Size
    7,904 SF

    Building Details

    Year built
    1965

    Source: Scott Warren, CCIM Agent Scott Warren, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Binghamton Multifamily Investment Opportunity

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9437417
    Latitude
    42.1102917

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      Renovated 24-Unit Apartment Building

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    FAQs

    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.
    (607) 621-0439
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    327 Main St Binghamton, NY 13905
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    Binghamton, NY 13905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    327 Main St Binghamton, NY 13905
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