Four-Unit Quadplex with
For Sale
$299,900
274 Chenango St, Binghamton, NY 13901
Separate gas and electric meters support tenant-paid utility service.
Property Size2,882 SF
Price / SF$104.06
Days on Market11
Property Features for 274 Chenango St
General Information
Standard status
Active
Size
2,882 SF
Property subtype
Residential Income
Zoning
Limited Neighborhood Comm, Limited Neigh
Units
Multifamily Units
4
Individually Metered Utilities
gas, electric
Additional Details
Gross Income
$34,800
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,728
Amenities
hardwood floors
in-unit laundry
covered porches
off-street parking
detached two-car garage
Deck
Landscaping
Porch
Building Details
Building Size
2,882 SF
Year Built
1920
Units
4
Listing Agency:
eXp REALTY
Listed By:
Amity L. Deubler · License #10401395123
Source:
Gehlcorealty
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 29 at 10:11PM
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 eXp REALTY
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Investment Insights
Based on property information with market context.
This 2,882-square-foot quadplex was built in 1920 and contains four apartments. Interior features include hardwood flooring and in-unit laundry. Covered porches, off-street parking, and a detached two-car garage serve the property. Separate gas and electric meters allow residents to pay their own utility costs.
The property is near Downtown Binghamton, public transportation, shopping, and dining. Zoning is Limited Neighborhood Comm, Limited Neigh.
The property is near Downtown Binghamton, public transportation, shopping, and dining. Zoning is Limited Neighborhood Comm, Limited Neigh.
Key Highlights
- Four apartments in a 2,882‑square‑foot property
- Built in 1920
- Detached two‑car garage, covered porches, and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,752
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,040
$515.0K
Cap Rate 7%
$367,886
$367.9K
Cap Rate 9%
$286,133
$286.1K
Market Conditions
NOI Build-Up for 2,882 SF
Gross rent
$39.8K $13.80/SF
− Vacancy
−$3.0K −$1.04/SF
EGI
$36.8K $12.77/SF
− OpEx
−$11.0K −$3.83/SF
NOI
$25.8K $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%
$515,040
Cap Rate 7%
$367,886
Cap Rate 9%
$286,133
Alternative Uses
Best Use
Multifamily LT 5
$367.9K
$321.9K – $429.2K
NOI $25,752 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$343.0K
$300.1K – $400.2K
NOI $24,010 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$715.0K
$625.6K – $834.2K
NOI $50,050 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,118
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate gas and electric meters support tenant-paid utility service.
Where is this quadplex located?
The property is located at 274 Chenango St Binghamton, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four apartments in a 2,882‑square‑foot property; Built in 1920; Detached two‑car garage, covered porches, and off‑street parking
