Renovated Multifamily Property in
325 Main St, Binghamton, NY 13905
Stabilized 6-unit building in Binghamton's West Side, ideal for investors.
Type:Multifamily
Property size:
3,775 SFPrice / SF:
$111/SF- Added:
- Nov 21, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 6 at 12:18 am
Property Features for 325 Main St
General Information
- Standard status
- Active
- Size
- 3,775 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agent Scott Warren, CCIM License #NY #10491212432 (607) 621-0439
Listing office SVN | Innovative Commercial Advisors (607) 621-0439
Listing date Nov 21, 2025
Source Svn
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 SVN | Innovative Commercial Advisors
HighLights
- Stabilized 6‑unit building, offering immediate income potential.
- High‑visibility location on Main Street with a traffic count of 7,484.
- Zoned for student housing, ensuring consistent tenant demand.
- Walkability score of 80, providing convenient access to amenities.
- Located on Binghamton's active West Side corridor.
- 3,775 SF building size.
Overview
This renovated and stabilized 6-unit multifamily property is located on Main Street in Binghamton's West Side. The building, constructed in 1965, has a size of 3,775 square feet. The property benefits from a high-visibility location with a daily traffic count of 7,484 and a walkability score of 80. The location offers convenient access to Price Chopper Plaza, local eateries, retail, and everyday amenities. Zoned for student housing, the property is located in the Binghamton MSA area and presents a strong opportunity for investors seeking stable income in a growing market.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$349.4K
NOI $31,449 @ 9.00% cap · cautious / downside scenario
Moderate
$449.3K
NOI $31,449 @ 7.00% cap · market / base-case scenario
Aggressive
$629.0K
NOI $31,449 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $16.20 |
| − Vacancy | −$4.0k | −$1.05 |
| EGI | $57.2k | $15.15 |
| − OpEx | −$25.7k | −$6.82 |
| NOI | $31.4k | $8.33 |
3,775 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$449.3K
$393.1K – $524.2K
NOI $31,449 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.5K
$819.5K – $1.09M
NOI $65,558 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9434
- Latitude
- 42.1102
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Stabilized 6-unit building in Binghamton's West Side, ideal for investors.
Where is this apartment building located?
The property is located at 325 Main St Binghamton, NY.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Stabilized 6‑unit building, offering immediate income potential.; High‑visibility location on Main Street with a traffic count of 7,484.; Zoned for student housing, ensuring consistent tenant demand.
