Two-Unit Duplex with
For Sale
Contact for pricing
57 Leroy Street, Binghamton, NY 13905
Fully occupied duplex with separate utilities, in-unit laundry, and bonus-room space in each residence.
Property Size2,854 SF
Price / SF$136.65
Days on Market74
Property Features for 57 Leroy Street
General Information
Standard status
Active
Size
2,854 SF
Property subtype
Multifamily
Zoning
R3
Occupancy
100%
Financials
Gross Income
$57,600
Average Monthly Rent
$2,400
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit laundry
Building Details
Year Built
1920
Units
2
Tenancy
Multi
Listing Agency:
Kartar Realty
Listed By:
Susan Criscitello · License #10491214164
Source:
Crexi
Added: Aug 11
Changed: Oct 7
Last Checked: Oct 23 at 4:06AM
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 Kartar Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,854-square-foot duplex contains two three-bedroom residences with six bedrooms overall. Both units include in-unit laundry, bonus-room space, and separate utilities. The property is fully occupied and is currently operated as student housing, with leases in place. A newer furnace and water heater, approximately 3 years old, serve the building.
The duplex is located on Leroy Street in Binghamton’s West Side, with access to downtown, public transportation, and area amenities. R3 zoning supports the property’s existing residential configuration. Showings require 24-hour notice.
The duplex is located on Leroy Street in Binghamton’s West Side, with access to downtown, public transportation, and area amenities. R3 zoning supports the property’s existing residential configuration. Showings require 24-hour notice.
Key Highlights
- Two 3‑bedroom units with six total bedrooms
- Fully occupied with leases in place
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,502
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,040
$510.0K
Cap Rate 7%
$364,314
$364.3K
Cap Rate 9%
$283,356
$283.4K
Market Conditions
NOI Build-Up for 2,854 SF
Gross rent
$39.4K $13.80/SF
− Vacancy
−$3.0K −$1.04/SF
EGI
$36.4K $12.77/SF
− OpEx
−$10.9K −$3.83/SF
NOI
$25.5K $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%
$510,040
Cap Rate 7%
$364,314
Cap Rate 9%
$283,356
Alternative Uses
Best Use
Multifamily LT 5
$364.3K
$318.8K – $425.0K
NOI $25,502 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$339.7K
$297.2K – $396.3K
NOI $23,776 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$708.1K
$619.6K – $826.1K
NOI $49,564 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Explore this area
Business Placement
Demographics for 13905, NY
27,672
Population
13,774
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
28.2 sq mi
ZIP Area
981
Density / Sq Mi
$53,757
Median Household Income
$30,359
Median Earnings
$993
Median Rent
$137,700
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?
Duplex - Fully occupied duplex with separate utilities, in-unit laundry, and bonus-room space in each residence.
Where is this duplex located?
The property is located at 57 Leroy Street Binghamton, NY.
What is the asking price?
The asking price for this property is $389,999.
What are key features of this property?
This property features: Two 3‑bedroom units with six total bedrooms; Fully occupied with leases in place; Separate utilities for each unit
