Mixed-Use Income Property with
248 Chenango Street, Binghamton, NY 13901
Mixed-use building with five apartments and two ground-floor commercial leases, plus deeded right-of-way parking.
Type:Multifamily, Mixed Use
Property size:
9,500 SFPrice / SF:
$50/SF- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 2:19 am
Property Features for 248 Chenango Street
General Information
- Standard status
- Active
- Size
- 9,500 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1960
Listing date Jun 19, 2026
Source Crexi
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 Destiny Barrera
HighLights
- Mixed‑use building with 7 income‑producing units: 5 residential apartments and 2 ground‑floor commercial leased spaces
- Approximately 9,500 SF building with a 7.18% cap rate on in‑place income
- Leases on the 2 ground‑floor commercial spaces include escalating rents
- Zoning approvals in hand for 3 additional residential units on the third floor
- Deeded right of way from Doubleday Street provides parking for 3 vehicles, with space for up to 5 arranged carefully
- Year built: 1960
Overview
This mixed-use income property spans approximately 9,500 square feet and is operated with seven income-producing units. The building includes five residential apartments and two ground-floor commercial spaces, with the commercial leases described as providing escalating rents. The seller also notes a 7.18% cap rate on in-place income.
A deeded right-of-way from Doubleday Street provides parking for three vehicles, with the potential for up to five vehicles when thoughtfully arranged. The remarks also state zoning approvals are already in hand for three additional residential units on the third floor.
For tenants, the property supports a combination of apartment living and leased storefront space under one ownership. For buyers or investors, it offers existing, unit-level income from seven secured leases and an additional, approved expansion plan for adding three third-floor residential units. The seller further references attractive assignable seller finance as part of the transaction terms described in the listing.
A deeded right-of-way from Doubleday Street provides parking for three vehicles, with the potential for up to five vehicles when thoughtfully arranged. The remarks also state zoning approvals are already in hand for three additional residential units on the third floor.
For tenants, the property supports a combination of apartment living and leased storefront space under one ownership. For buyers or investors, it offers existing, unit-level income from seven secured leases and an additional, approved expansion plan for adding three third-floor residential units. The seller further references attractive assignable seller finance as part of the transaction terms described in the listing.
Location Intelligence
Current Use by Public Records
40 Beez Hair ...
Barber Shop
40beezkickz.club
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9056448
- Latitude
- 42.1058086
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Mixed-use building with five apartments and two ground-floor commercial leases, plus deeded right-of-way parking.
Where is this apartment building located?
The property is located at 248 Chenango Street Binghamton, NY.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Mixed‑use building with 7 income‑producing units: 5 residential apartments and 2 ground‑floor commercial leased spaces; Approximately 9,500 SF building with a 7.18% cap rate on in‑place income; Leases on the 2 ground‑floor commercial spaces include escalating rents
