Vacant Duplex with Extra
21 Lincoln Avenue Binghamton, NY 13905
For Sale
$274,900
Pending
Vacant, move-in-ready duplex with individual covered porches and an extra room in each unit.
Property Size3,000 SF
Days on Market445
Property Features for 21 Lincoln Avenue
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing Agency:
EXIT REALTY HOMEWARD BOUND
(607) 760-5000
Listed By:
John J. Farrell · License #30FA0760806
(607) 760-5000
Source:
Exitrealty
Added: May 6, 2025
Changed: Jul 21
Last Checked: Jul 23 at 7:02AM
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 HOMEWARD BOUND
Investment Insights
Based on property information with market context.
This vacant duplex is currently ready for occupancy, with upgraded interiors described as move-in ready. The property consists of two apartments, and each unit includes an additional extra room that helps create a more spacious feel. For added privacy and outdoor comfort, each apartment also features its own individual covered porch.
Located on the Westside of Binghamton, the property is positioned in a “desirable area” as noted in the remarks. The listing also indicates video availability, and the duplex is stated to be easy to show.
Each apartment’s configuration includes both an extra room and a covered porch, providing practical layout benefits for day-to-day living within a two-unit residential income property.
Located on the Westside of Binghamton, the property is positioned in a “desirable area” as noted in the remarks. The listing also indicates video availability, and the duplex is stated to be easy to show.
Each apartment’s configuration includes both an extra room and a covered porch, providing practical layout benefits for day-to-day living within a two-unit residential income property.
Key Highlights
- Duplex built in 1910 on the Westside of Binghamton
- Currently vacant for easy showings
- Each unit includes an additional extra room for more spacious layout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.6k | $16.20 |
| − Vacancy | −$3.2k | −$1.05 |
| EGI | $45.4k | $15.15 |
| − OpEx | −$20.4k | −$6.82 |
| NOI | $25.0k | $8.33 |
3,000 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.0K
$335.1K – $446.8K
NOI $26,807 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$357.0K
$312.4K – $416.6K
NOI $24,993 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$744.3K
$651.2K – $868.3K
NOI $52,099 @ 7.0% cap · market cap 18.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant, move-in-ready duplex with individual covered porches and an extra room in each unit.
Where is this duplex located?
The property is located at 21 Lincoln Avenue Binghamton, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Duplex built in 1910 on the Westside of Binghamton; Currently vacant for easy showings; Each unit includes an additional extra room for more spacious layout
