For Sale
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Property summary
This exceptional 12-unit apartment building, located at 7 Tremont Ave in Binghamton, NY, presents a compelling investment opportunity. The property boasts 5,712 square feet on a 6,922 square foot lot, offering a strong 8.23% cap rate and a substantial net operating income (NOI) of $67,898. Priced at $825,000 ($144/sq ft and $68,750/unit), this solid brick structure, built in 1965, comprises twelve one-bedroom units, each benefiting from convenient off-street parking. Its prime West Side… location provides easy access to downtown Binghamton and major highways, placing residents within walking distance of South Side Veterans Park, the Exchange Street Bridge, and the vibrant downtown area's amenities. Zoned R3 and approved for student housing, this property capitalizes on high rental demand in a versatile location. Recent renovations have enhanced both the building's exterior and the individual units' interiors, ensuring a turnkey investment with minimal immediate capital expenditure needs. This property is ideally suited for investors seeking a strong return in a thriving rental market. The property's location, combined with its recent upgrades and high occupancy potential, makes it an attractive proposition for both seasoned and new investors. The building's solid construction and desirable location contribute to its long-term value and potential for appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a sought-after Binghamton neighborhood.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
12 properties nearbyComparable nearby
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 5,712 SF
- Year built
- 1965
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Derived from the Binghamton market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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