162 Chapin St Binghamton, NY 13905

This 20-unit apartment complex is located in the City of Binghamton within the R-3 zoning district, a classification that supports higher density residential use and is well suited for student occupancy. The property's zoning alignment provides long-term regulatory consistency and positions the asset within an established rental corridor attractive to both traditional tenants and students. The unit mix includes 13 one-bedroom units, 6 two-bedroom units, and 1 four-bedroom unit, providing a diversified income stream across multiple bedroom formats. Tenants are responsible for their own electric service. The building is fully sprinklered, enhancing life safety compliance. 162 Chapin Street is located on Binghamton's West Side, one of the City's most established residential neighborhoods with consistent rental demand. The property benefits from close proximity to Main Street, providing convenient access to neighborhood retail, services, and daily amenities. It is within walking distance of student and public bus lines serving Binghamton University and has proximity to Downtown Binghamton restaurants, retail, and employment centers. The property presents an opportunity to capture student-driven leasing velocity within a proven submarket.