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Fully Rented Multifamily Investment Property
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14 Clarke St, Binghamton, NY 13905

Six-unit multifamily property in Binghamton, NY with steady rental history.

Property SizeContact for details
Days on Market188

Property Features for 14 Clarke St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Warren Real Estate
Listed By: Cary Turner · License #10401377337
Source: Crexi
Added: Feb 15 Changed: Aug 9 Last Checked: Aug 21 at 1:50PM

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 Warren Real Estate

Investment Insights

Based on property information with market context.

This fully rented six-unit multifamily property is located on the West Side of Binghamton, New York. The property is situated minutes from downtown and Recreation Park, with several restaurants, neighborhood amenities, and a bus line within walking distance. The well-maintained building features six one-bedroom units, each with separate electric meters. The current rental income totals $4,010 per month, or $48,120 annually. The annual taxes are $5,496, and insurance is $1,458. The building has a steady rental history and is fully occupied. It is suitable for someone looking to step into a stabilized, income-producing property in a prime West Side location.

Key Highlights

  • Fully rented 6‑unit multifamily property, providing immediate income.
  • Located in a prime West Side location of Binghamton, near downtown, Rec Park, restaurants, and bus line.
  • Separate electric meters for each unit, simplifying ownership and expense management.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Carpet & Flooring Store Garden Center Furniture & Home Goods Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,092
Businesses Nearby

Demographics for 13905, NY

27,672
Population
13,774
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
28.2 sq mi
ZIP Area
981
Density / Sq Mi
$53,757
Median Household Income
$30,359
Median Earnings
$993
Median Rent
$137,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit multifamily property in Binghamton, NY with steady rental history.
Where is this apartment building located?
The property is located at 14 Clarke St Binghamton, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Fully rented 6‑unit multifamily property, providing immediate income.; Located in a prime West Side location of Binghamton, near downtown, Rec Park, restaurants, and bus line.; Separate electric meters for each unit, simplifying ownership and expense management.
More about this property
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