22 Edwards St, Binghamton, NY 13905
This exceptional three-unit multifamily property located at 22 Edwards Street in Binghamton, New York, presents a compelling investment opportunity. Situated in the R3 zone, this property offers flexibility and high rental potential. The building encompasses a total of 3,900 square feet and comprises three distinct units. The front building is configured as a duplex, providing the option to rent to two smaller groups or a single larger group. Its adaptable layout offers significant versatility for maximizing rental income. The rear building features three bedrooms. The asking price of $299,000 allows for substantial value-add potential. Cosmetic upgrades could significantly enhance rental rates, particularly targeting student renters during the academic year. The property's location in Binghamton, NY, zip code 13905, within Broome County, offers convenient access to local amenities and transportation. This property is classified as both multifamily and commercial, making it an attractive investment for both seasoned and aspiring real estate investors seeking a strong return on investment in a thriving market. The property's zoning allows for student occupancy, further enhancing its rental prospects. This is a rare opportunity to acquire a well-positioned multifamily property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.