Two-Unit
For Sale
$165,000
122 Conklin Avenue, Binghamton, NY 13903
Each apartment has a formal dining room, and the second-floor residence is furnished.
Property Size1,764 SF
Price / SF$93.54
Days on Market30
Property Features for 122 Conklin Avenue
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Residential Income
Zoning
Neighborhood Commercial, Neighborhood Co
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,934
Amenities
backyard
Deck
Mature Trees/Landscape
Building Details
Building Size
1,764 SF
Year Built
1900
Buildings
1
Units
2
Listing Agency:
EXIT REALTY FRONT AND CENTER
(607) 724-3948
Listed By:
R. Karl Zandt
(607) 727-4910
Source:
Lindakentrealestate
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 31 at 5:22AM
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 EXIT REALTY FRONT AND CENTER
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Investment Insights
Based on property information with market context.
This 1,764-square-foot duplex, built in 1900, contains two separate one-bedroom apartments. Both include formal dining rooms, and the second-floor apartment is furnished. The property has a shaded backyard and Neighborhood Commercial zoning.
At 122 Conklin Avenue in Binghamton, the property is within a block of a bus stop, convenience store, and Park Diner.
At 122 Conklin Avenue in Binghamton, the property is within a block of a bus stop, convenience store, and Park Diner.
Key Highlights
- Two one‑bedroom apartments, each with a formal dining room
- 1,764 square feet; built in 1900
- Furnished second‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,696
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,920
$293.9K
Cap Rate 7%
$209,943
$209.9K
Cap Rate 9%
$163,289
$163.3K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$28.6K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$26.7K $15.15/SF
− OpEx
−$12.0K −$6.82/SF
NOI
$14.7K $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%
$293,920
Cap Rate 7%
$209,943
Cap Rate 9%
$163,289
Alternative Uses
Best Use
Multifamily LT 5
$225.2K
$197.0K – $262.7K
NOI $15,762 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$209.9K
$183.7K – $244.9K
NOI $14,696 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$437.6K
$382.9K – $510.6K
NOI $30,634 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
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Business Placement
Demographics for 13903, NY
18,140
Population
8,620
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
39.5 sq mi
ZIP Area
459
Density / Sq Mi
$61,244
Median Household Income
$39,811
Median Earnings
$863
Median Rent
$144,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has a formal dining room, and the second-floor residence is furnished.
Where is this duplex located?
The property is located at 122 Conklin Avenue Binghamton, NY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two one‑bedroom apartments, each with a formal dining room; 1,764 square feet; built in 1900; Furnished second‑floor apartment
