51 Seminary Ave Binghamton, NY 13905

This stabilized student housing asset is located in the core of Binghamton’s West Side, within the most established and consistently leased student corridor in the market. The property features six bedrooms and two full bathrooms with a functional layout that supports consistent student occupancy and efficient leasing. Situated within the City’s R-3 zoning district, which supports higher density residential use, the property aligns with the surrounding student housing concentration south of Main Street. This location is desirable for student tenants due to its proximity to downtown amenities and established transportation routes. Leases for the upcoming semester are secured at $625 per bed. The asset is projected to deliver a 9.03% capitalization rate based on current operating expense ratios. The property is within walking distance of the SUNY bus line, providing direct connectivity to Binghamton University, and also walkable to Downtown Binghamton’s restaurants, retail, and entertainment venues. The combination of R-3 zoning, established student density, transportation access, and downtown proximity supports continued rental demand, strong occupancy levels, and long term asset stability. The property size is 2335 square feet.