132 Main St Binghamton, NY 13905
For Sale
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Offered for sale is a well maintained 9 unit mixed use building with a proven rental profile. The unit mix includes three one bedroom units, one efficiency, three studios, one two bedroom unit, plus a separately leased office. The property has benefited from major capital improvements within the past five years, including a new roof, fire escape, plumbing, and electrical systems. Located on Main Street in Binghamton, 132 Main Street offers a centrally positioned location well suited for multifamily or student housing use. The property sits near the intersections of Crandall Street, Chestnut Street, and Jarvis Street, providing convenient access to downtown and surrounding neighborhoods. The area features a walkability score of 82, with grocery stores, restaurants, retail, fitness, and daily services within walking distance. Main Street carries average daily traffic counts of approximately 12,690 vehicles, supporting consistent activity. The property is served by both SUNY and public transportation bus routes, reinforcing strong rental demand. Commercial zoning allows flexibility for residential or mixed-use configurations, including student housing. 9-unit mixed use property with leased office Recent roof, fire escape, plumbing, and electrical upgrades Commercial zoning with multifamily or student housing flexibility On site superintendent and professional management
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.