For Sale
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Property summary
This newly renovated 1940-built, two-unit apartment building at 18 Division St, Binghamton, NY 13905 presents a compelling investment opportunity. Boasting 1,252 square feet on a spacious 3,640 square foot corner lot, this property offers four off-street parking spaces. Completely renovated in 2024, the building features a brand new roof and updated copper piping from the street to the water meter, ensuring long-term value and reduced maintenance costs. Both units are currently vacant, providing immediate income potential. Each unit includes a newly renovated kitchen with modern appliances and ample counter space, as well as a clean and updated bathroom. Fresh interior and exterior paint, along with new flooring throughout, completes the modern aesthetic. Tenants will enjoy a welcoming front porch and a rear deck. The property is zoned for residential one and two-unit dwellings. The asking price is $199,000, representing $99,500 per unit and $158.95 per square foot. This property is ideal for both investors seeking a strong return and owner-occupants looking to offset expenses. The property's location in Binghamton, Broome County, New York offers convenient access to local amenities and services. The APN is 030200-159-026-0001-009-000-0000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Derived from the Binghamton market rent, vacancy and expense benchmarks for this use type.
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Property description
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Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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