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5-Unit Multifamily Property
For Sale
$325,900

12 & 14 Blanchard Avenue, Binghamton, NY 13901

Two side-by-side buildings include detached garages and long-term occupancy across all five apartments.

Property Size3,926 SF
Price / SF$83.01
Days on Market83

Property Features for 12 & 14 Blanchard Avenue

General Information

Standard status Active
Size 3,926 SF
Property subtype Residential Income
Zoning 2 Fam Res & 3 Fam Res, 2 Fam Res & 3 Fam

Additional Details

Gross Income $48,000
Multifamily Units 5
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $7,778

Amenities

Deck
Porch

Building Details

Building Size 3,926 SF
Year Built 1910
Buildings 2
Units 5
Tenancy Multi
Listing Agency: WARREN REAL ESTATE (Vestal)
Listed By: Melissa Coolbaugh
Source: Lindakentrealestate
Added: Aug 10 Changed: Oct 30 Last Checked: Oct 30 at 1:52AM

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 WARREN REAL ESTATE (Vestal)

Rey
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Investment Insights

Based on property information with market context.

The 3,926-square-foot property comprises two side-by-side multifamily buildings with five units. Each building has a detached two-car garage, and all five apartments have had the same tenants for more than six years. The buildings have new metal roofs backed by a 50-year transferable warranty.

At 12 Blanchard Avenue, an unfinished attic with a rear entrance presents potential for an additional unit. The detached garages may also be rented separately for additional income.

Key Highlights

  • Two side‑by‑side multifamily buildings with 5 units totaling 3,926 square feet
  • Each building has a detached two‑car garage
  • New metal roofing with a 50‑year transferable warranty

Property Analytics

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Lease Details

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

201
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
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two side-by-side buildings include detached garages and long-term occupancy across all five apartments.
Where is this multifamily property located?
The property is located at 12 & 14 Blanchard Avenue Binghamton, NY.
What is the asking price?
The asking price for this property is $325,900.
What are key features of this property?
This property features: Two side‑by‑side multifamily buildings with 5 units totaling 3,926 square feet; Each building has a detached two‑car garage; New metal roofing with a 50‑year transferable warranty
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