Multifamily Apartment
New
For Sale
$201,900
42 Mill Street, Binghamton, NY 13903
Residential, Binghamton, NY
Property Size1,774 SF
Lot Size0.10 Acres
Price / SF$113.81
Days on Market3
Property Features for 42 Mill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 3
Appliances
GasWaterHeater
Subdivision
Clark Place #1a
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Binghamton
Middle school district
Binghamton
High school district
Binghamton
Directions
FROM Conklin Avenue take Mill Street southbound to the property on the right.
Standard status
Active
APN
030200-160-074-0001-023-000-0000
Size
1,774 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4801
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1907
Floors in Building
2
Number of units
2
Flooring type
Varies, Laminate
Building materials
Frame
Architectural style
Other
Listing Agency:
SVR Realty LLC
(607) 753-6556
Listed By:
Philip Henry · License #30HE0952053
(607) 423-3175
Added: Oct 31
Last Checked: Nov 2 at 8:06AM
MLS# S1725017
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1907, this 1,774-square-foot multifamily property has frame construction and varied flooring, including laminate. Heating is provided by a natural gas forced-air system, and the building has a gas water heater.
The property occupies a 0.1033-acre lot and is served by public water.
The property occupies a 0.1033-acre lot and is served by public water.
Key Highlights
- 1,774 square feet of building area
- 0.1033‑acre lot
- Built in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,779
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,580
$295.6K
Cap Rate 7%
$211,129
$211.1K
Cap Rate 9%
$164,211
$164.2K
Market Conditions
NOI Build-Up for 1,774 SF
Gross rent
$28.7K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$26.9K $15.15/SF
− OpEx
−$12.1K −$6.82/SF
NOI
$14.8K $8.33/SF
Area
Broome County, NY
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,580
Cap Rate 7%
$211,129
Cap Rate 9%
$164,211
Alternative Uses
Best Use
Apartment 5plus
$211.1K
$184.7K – $246.3K
NOI $14,779 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.1K
$385.1K – $513.5K
NOI $30,808 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 13903, NY
18,140
Population
8,620
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
39.5 sq mi
ZIP Area
459
Density / Sq Mi
$61,244
Median Household Income
$39,811
Median Earnings
$863
Median Rent
$144,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The frame-constructed property has forced-air heating fueled by natural gas.
Where is this multifamily property located?
The property is located at 42 Mill Street Binghamton, NY.
What is the asking price?
The asking price for this property is $201,900.
What are key features of this property?
This property features: 1,774 square feet of building area; 0.1033‑acre lot; Built in 1907
