5-Unit Apartment
For Sale
$370,000
158 Chapin Street, Binghamton, NY 13905
CommercialSale, Binghamton, NY
Property Size3,231 SF
Lot Size0.14 Acres
Price / SF$114.52
Days on Market79
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Property Features for 158 Chapin Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
YES
Zoning description
Commercial
Rooms
Basement
Parking
2
Lot features
Rectangular, Rectangular Lot
Elementary school district
Binghamton
Middle school district
Binghamton
High school district
Binghamton
Directions
Take Exit 4B toward Binghamton/Corning. Merge onto NY-17 W / I-86 W and take Exit 72 for Front St. Turn left onto Front St, cross the bridge onto Route 17C / Main St, then turn left onto Chapin St. 158 Chapin St will be on your left
Subdivision
Binghamton-City-030200
Standard status
Active
APN
030200-160-031-0003-042-000-0000
Size
3,231 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3579
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
high-speed internet
security camera system
Building Details
Year built
1960
Floors in Building
3
Number of units
5
Roof type
Shingle
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 795-2900
Listed By:
James Connor · License #10401381217
(607) 481-5334
Added: Jul 29
Changed: Sep 12
Last Checked: Oct 15 at 3:06PM
MLS# R1702566
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5-unit apartment property contains five individual 1-bedroom apartments within 3231 square feet. The building dates to 1960 and includes a basement, shingle roof, natural-gas forced-air heating, public water, and public sewer. High-speed internet is incorporated into operations to support the remote-accessible security camera system, which transfers to the new owner upon sale.
The property occupies 0.1389 acres in Binghamton, NY. It has an established rental history, annual rent schedules, and tenants who are aware of the sale. The apartments are also compatible with local housing assistance programs. The reported 10% cap rate provides an additional operating metric for evaluating the property.
The property occupies 0.1389 acres in Binghamton, NY. It has an established rental history, annual rent schedules, and tenants who are aware of the sale. The apartments are also compatible with local housing assistance programs. The reported 10% cap rate provides an additional operating metric for evaluating the property.
Key Highlights
- Five individual 1‑bedroom apartments
- 3231 square feet on 0.1389 acres
- 1960 construction with basement and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,917
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,340
$538.3K
Cap Rate 7%
$384,529
$384.5K
Cap Rate 9%
$299,078
$299.1K
Market Conditions
NOI Build-Up for 3,231 SF
Gross rent
$52.3K $16.20/SF
− Vacancy
−$3.4K −$1.05/SF
EGI
$48.9K $15.15/SF
− OpEx
−$22.0K −$6.82/SF
NOI
$26.9K $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%
$538,340
Cap Rate 7%
$384,529
Cap Rate 9%
$299,078
Alternative Uses
Best Use
Apartment 5plus
$384.5K
$336.5K – $448.6K
NOI $26,917 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$801.6K
$701.4K – $935.2K
NOI $56,111 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,297
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five individual one-bedroom residences feature natural-gas forced-air heating and a remote-accessible security camera system.
Where is this apartment building located?
The property is located at 158 Chapin Street Binghamton, NY.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Five individual 1‑bedroom apartments; 3231 square feet on 0.1389 acres; 1960 construction with basement and shingle roof
