330 Conklin Ave, Binghamton, NY 13903
MULTI_FAMILY - BINGHAMTON, NY
Property Features for 330 Conklin Ave
General Information
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The duplex is zoned multifamily and sits on a 0.1745-acre lot with 1,656 square feet of total space. Construction includes vinyl exterior materials, with forced-air heating. Public water is available. Cable is available at the property, and in-unit appliances include a range/stove and refrigerator.
Built in 1922, this well-maintained duplex is located on Binghamton’s Southside, just minutes from downtown, with easy access to shopping, dining, parks, schools, and major highway routes.
Key Highlights
- Two 3‑bedroom units in a duplex at 330 Conklin Ave
- Basement laundry hookups plus separate utilities
- Offstreet parking and a manageable yard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.9k | $13.80 |
| − Vacancy | −$1.7k | −$1.04 |
| EGI | $21.1k | $12.77 |
| − OpEx | −$6.3k | −$3.83 |
| NOI | $14.8k | $8.94 |
Alternative Uses
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Current Use
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Trade Area within ½ mile
Demographics for 13903, NY
Market
Vacancy Rate% for Multifamily in Northeast region