Three-Unit Triplex with
For Sale
$299,500
17 Frederick Street, Binghamton, NY 13901
The three-level layout places one apartment on each floor, with kitchens remaining in the two vacant units.
Property Size3,048 SF
Price / SF$98.26
Days on Market12
Property Features for 17 Frederick Street
General Information
Standard status
Active
Size
3,048 SF
Property subtype
Residential Income
Zoning
Res, Res
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,489
Amenities
Porch
Building Details
Building Size
3,048 SF
Year Built
1900
Stories
3
Units
3
Listing Agency:
KELLER WILLIAMS REALTY GREATER BINGHAMTON
Listed By:
Karen Louise Whalen · License #10401278272
(607) 727-6232
Source:
Gehlcorealty
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 29 at 10:10PM
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 KELLER WILLIAMS REALTY GREATER BINGHAMTON
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,048-square-foot triplex has three floors, with one apartment on each level. The first-floor unit is occupied; the upper two apartments are vacant and retain their kitchens. Woodwork and other craftsmanship details remain in portions of the home, and a complete roof tear-off was completed in 2017.
The property is at 17 Frederick Street in Binghamton, New York.
The property is at 17 Frederick Street in Binghamton, New York.
Key Highlights
- Three apartments across three floors
- 3,048 square feet
- First‑floor apartment is occupied; the second- and third‑floor units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,235
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,700
$544.7K
Cap Rate 7%
$389,071
$389.1K
Cap Rate 9%
$302,611
$302.6K
Market Conditions
NOI Build-Up for 3,048 SF
Gross rent
$42.1K $13.80/SF
− Vacancy
−$3.2K −$1.04/SF
EGI
$38.9K $12.77/SF
− OpEx
−$11.7K −$3.83/SF
NOI
$27.2K $8.94/SF
Area
Broome County, NY
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,700
Cap Rate 7%
$389,071
Cap Rate 9%
$302,611
Alternative Uses
Best Use
Multifamily LT 5
$389.1K
$340.4K – $453.9K
NOI $27,235 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$362.7K
$317.4K – $423.2K
NOI $25,392 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$756.2K
$661.7K – $882.2K
NOI $52,933 @ 7.0% cap · market cap 17.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 13901, NY
20,548
Population
10,148
Households
2
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
893
Density / Sq Mi
$54,165
Median Household Income
$36,897
Median Earnings
$806
Median Rent
$152,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-level layout places one apartment on each floor, with kitchens remaining in the two vacant units.
Where is this triplex located?
The property is located at 17 Frederick Street Binghamton, NY.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Three apartments across three floors; 3,048 square feet; First‑floor apartment is occupied; the second- and third‑floor units are vacant
