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Two-Family Residential Income Property
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197 Oak St, Binghamton, NY 13905

Two 3-bedroom units with updated windows, plumbing, electrical service, and laundry hook-ups.

Property Size2,294 SF
Price / SF$58.85
Days on Market107

Property Features for 197 Oak St

General Information

Standard status Active
Size 2,294 SF
Property subtype Multifamily

Additional Details

Multifamily Units 2

Building Details

Year Built 1910
Listing Agency: Exit Realty Homeward Bound Vestal
Listed By: Shannan Crescente · License #NY 10401284646
Source: Crexi
Added: May 25 Changed: Aug 26 Last Checked: Sep 7 at 1:19PM

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 Vestal

Investment Insights

Based on property information with market context.

This two-family residential income property features two 3-bedroom units with large rooms and high ceilings. Improvements include replacement windows throughout, updated appliances and tub surround, and partial flooring replacement. Additional updates include new PEX plumbing, two new hot water heaters, and a new electric service with two panels. The second-floor furnace has also been replaced, and laundry hook-ups have been added on the first floor.

The property is centrally located in a residential neighborhood close to Downtown, with separate utilities. Building and code compliance documentation, along with satisfactory lead testing copies, are available for review.

The property is being sold AS-IS.

Key Highlights

  • Two‑family property with two 3‑bedroom units
  • All new replacement windows throughout the units
  • Updates include new furnaces (2nd floor), new electric service (two panels), and two new HWHs

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Acupuncture Electrical Service Furniture & Home Goods Carpet & Flooring Store Daycare Center Tanning Salon

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,111
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?
Duplex - Two 3-bedroom units with updated windows, plumbing, electrical service, and laundry hook-ups.
Where is this duplex located?
The property is located at 197 Oak St Binghamton, NY.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two‑family property with two 3‑bedroom units; All new replacement windows throughout the units; Updates include new furnaces (2nd floor), new electric service (two panels), and two new HWHs
More about this property
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