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    692 State St Binghamton, NY 13901

    For Sale
    $850,000

    Fully occupied 10-unit building with expansion potential and ample parking.

    Lot size:
    0.19 Acres

    Property Features for 692 State St

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1900

    Source: Howard Hanna Agent Christie Wall

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

    Overview

    Well-Maintained 10-Unit Income Property

    This is a well-maintained 10-unit building, presenting a fantastic income opportunity. The property is fully occupied, and all tenants are current on their rent payments. Ample off-street parking is available. There is potential to expand on the land behind the building. Half of the units are heated with electric baseboard heat, which is paid for by the tenants. The other half of the units are heated with hot water baseboard heat, which is paid for by the owner. The property offers steady income and requires low maintenance. A new roof has been installed on the rear third floor. The seller requires verification of pre-qualification or proof of funds prior to scheduling a showing, and a minimum of 24 hours' notice is required for showings.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.8949766
    Latitude
    42.1256062

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 10-unit building with expansion potential and ample parking.
    Where is this apartment building located?
    The property is located at 692 State St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Steady income from a fully occupied 10-unit building with all tenants current on rents.; - Ample off-street parking for tenants.; - Potential for expansion on the land behind the building.
    (607) 754-2600
    Request Owner's contact information
    692 State St Binghamton, NY 13901
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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
    692 State St Binghamton, NY 13901
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