Two-Unit
19 Mitchell Avenue, Binghamton, NY 13903
For Sale
New
$203,900
Residential, Binghamton, NY
Property Size1,792 SF
Lot Size0.20 Acres
Price / SF$113.78
Days on Market6
Property Features for 19 Mitchell Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
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Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
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Standard status
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Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
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Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
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Architectural style
Buildings
Listing Agency:
SVR Realty LLC
(607) 753-6556
Listed By:
Philip Henry · License NY 30HE0952053
(607) 423-3175
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 10 at 3:06AM
MLS# S1727404
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.
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Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex contains two apartments: one with three bedrooms and another with one bedroom. The three-bedroom apartment is vacant. Built in 1925, the frame building has varied flooring with laminate, forced-air natural gas heat, a shingle roof, and a gas water heater. Public water serves the property.
The parcel encompasses 0.1994 acres at 19 Mitchell Avenue in Binghamton, New York.
The parcel encompasses 0.1994 acres at 19 Mitchell Avenue in Binghamton, New York.
Key Highlights
- Two apartments: one three‑bedroom unit and one one‑bedroom unit
- The three‑bedroom apartment is vacant
- 1,792 square feet on a 0.1994‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,012
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,240
$320.2K
Cap Rate 7%
$228,743
$228.7K
Cap Rate 9%
$177,911
$177.9K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.7K $13.80/SF
− Vacancy
−$1.9K −$1.04/SF
EGI
$22.9K $12.77/SF
− OpEx
−$6.9K −$3.83/SF
NOI
$16.0K $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%
$320,240
Cap Rate 7%
$228,743
Cap Rate 9%
$177,911
Alternative Uses
Best Use
Multifamily LT 5
$228.7K
$200.2K – $266.9K
NOI $16,012 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$213.3K
$186.6K – $248.8K
NOI $14,929 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$444.6K
$389.0K – $518.7K
NOI $31,121 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
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Business Placement
Demographics for 13903, NY
18,140
Population
8,620
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
39.5 sq mi
ZIP Area
459
Density / Sq Mi
$61,244
Median Household Income
$39,811
Median Earnings
$863
Median Rent
$144,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Binghamton, NY
Properties on Market for Duplexes in Binghamton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A vacant three-bedroom unit is paired with a one-bedroom unit in this residential property.
Where is this duplex located?
The property is located at 19 Mitchell Avenue Binghamton, NY.
What is the asking price?
The asking price for this property is $203,900.
What are key features of this property?
This property features: Two apartments: one three‑bedroom unit and one one‑bedroom unit; The three‑bedroom apartment is vacant; 1,792 square feet on a 0.1994‑acre parcel
