Two-Unit Duplex with On-Site
12 Burton Avenue, Binghamton, NY 13904
For Sale
$179,000
The occupied property combines two apartments with separate gas meters, tenant-paid gas and electric, and landlord-paid hot water.
Property Size1,853 SF
Price / SF$96.60
Days on Market22
Property Features for 12 Burton Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
tenant laundry units
large backyard
storage shed
off-street parking
covered front porch
Deck
Porch
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Listing Agency:
WARREN REAL ESTATE (Vestal)
Listed By:
Cary C Turner · License NY #10401377337
(607) 752-4878
Source:
Gehlcorealty
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 9 at 6:29PM
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)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this 1,853-square-foot duplex contains one two-bedroom apartment and one three-bedroom apartment. Both units are occupied. Hardwood and vinyl flooring are present, and tenant laundry equipment is included. Recent property updates include a new roof and electrical panels.
Three separate gas meters serve the property. Tenants pay for their gas and electricity, while the landlord covers hot water. Exterior features include a covered front porch, a large backyard, a storage shed, and off-street parking. The property is zoned R2.
Three separate gas meters serve the property. Tenants pay for their gas and electricity, while the landlord covers hot water. Exterior features include a covered front porch, a large backyard, a storage shed, and off-street parking. The property is zoned R2.
Key Highlights
- Two occupied units: one two‑bedroom apartment and one three‑bedroom apartment
- 1,853‑square‑foot duplex built in 1900
- New roof and electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,437
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,740
$308.7K
Cap Rate 7%
$220,529
$220.5K
Cap Rate 9%
$171,522
$171.5K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$30.0K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$28.1K $15.15/SF
− OpEx
−$12.6K −$6.82/SF
NOI
$15.4K $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%
$308,740
Cap Rate 7%
$220,529
Cap Rate 9%
$171,522
Alternative Uses
Best Use
Multifamily LT 5
$236.5K
$207.0K – $276.0K
NOI $16,557 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$220.5K
$193.0K – $257.3K
NOI $15,437 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$459.7K
$402.3K – $536.3K
NOI $32,180 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 13904, NY
9,236
Population
3,962
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
81%
High-School Grad
23.7 sq mi
ZIP Area
390
Density / Sq Mi
$56,794
Median Household Income
$36,038
Median Earnings
$884
Median Rent
$111,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Binghamton, NY
Properties on Market for Duplexes in Binghamton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The occupied property combines two apartments with separate gas meters, tenant-paid gas and electric, and landlord-paid hot water.
Where is this duplex located?
The property is located at 12 Burton Avenue Binghamton, NY.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two occupied units: one two‑bedroom apartment and one three‑bedroom apartment; 1,853‑square‑foot duplex built in 1900; New roof and electrical panels
