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    5 Parsons St Binghamton, NY 13903

    For Sale
    $290,000

    Four-unit property near transportation with income potential and long-term tenants.

    Lot size:
    0.13 Acres

    Property Features for 5 Parsons St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1930

    Source: Howard Hanna Agent Christie Wall

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

    Overview

    Four-Unit Multifamily Property For Sale

    This four-family property is located near public transportation. It features four one-bedroom units with long-term tenants. The building offers income potential and has individual electric meters in place, suggesting the possibility for separate utilities. A newer roof was installed in 2018. A coin-operated washer and dryer are located on site. Parking is provided by a two-car detached garage and an additional parking area.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -75.9054969
    Latitude
    42.0901812

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near transportation with income potential and long-term tenants.
    Where is this quadplex located?
    The property is located at 5 Parsons St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - Great income potential with solid rental history.; - Conveniently located near public transportation.; - **Four well-maintained one-bedroom units with long-term tenants.**
    (607) 754-2600
    Request Owner's contact information
    5 Parsons St Binghamton, NY 13903
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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
    5 Parsons St Binghamton, NY 13903
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