Four-Unit Property with Detached
7 Silver Street, Binghamton, NY 13904
For Sale
$225,000
Fully occupied residential income property with separate utilities and outdoor space for multiple vehicles.
Property Size1,842 SF
Price / SF$122.15
Days on Market156
Property Features for 7 Silver Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
porches
Deck
Landscaping
Mature Trees/Landscape
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Hamton Realty Group
(607) 222-0970
Listed By:
William A Campoli
(607) 237-3645
Source:
Lindakentrealestate
Added: Jun 8
Changed: Nov 8
Last Checked: Nov 9 at 3:42PM
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 Hamton Realty Group
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Investment Insights
Based on property information with market context.
This four-unit residential property in Binghamton contains 1,842 square feet and dates to 1900. Updates include newer windows and vinyl siding, with landscaping across a double lot. Two units have porches, and utilities are separately metered. A detached two-stall garage and a driveway accommodating multiple vehicles provide on-site parking.
Key Highlights
- Four‑unit residential property with 1,842 square feet
- Fully occupied with separate utilities
- Two units include porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,459
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,180
$329.2K
Cap Rate 7%
$235,129
$235.1K
Cap Rate 9%
$182,878
$182.9K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$25.4K $13.80/SF
− Vacancy
−$1.9K −$1.04/SF
EGI
$23.5K $12.77/SF
− OpEx
−$7.1K −$3.83/SF
NOI
$16.5K $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%
$329,180
Cap Rate 7%
$235,129
Cap Rate 9%
$182,878
Alternative Uses
Best Use
Multifamily LT 5
$235.1K
$205.7K – $274.3K
NOI $16,459 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.8K
NOI $15,345 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$457.0K
$399.9K – $533.2K
NOI $31,989 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 13904, NY
9,236
Population
3,962
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
81%
High-School Grad
23.7 sq mi
ZIP Area
390
Density / Sq Mi
$56,794
Median Household Income
$36,038
Median Earnings
$884
Median Rent
$111,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with separate utilities and outdoor space for multiple vehicles.
Where is this quadplex located?
The property is located at 7 Silver Street Binghamton, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑unit residential property with 1,842 square feet; Fully occupied with separate utilities; Two units include porches
