86 Oak Street, Binghamton, NY 13905

Binghamton
Local realty services provided by:HUNT Real Estate ERA
86 Oak Street,Binghamton, NY 13905
$599,999
  • 17 Beds
  • - Baths
  • 5,778 sq. ft.
  • Multi-family
  • Active
Listed by: david white
Office: owner entry.com
MLS#:R1666750
Source:NY_GENRIS

Price summary

  • Price:$599,999
  • Price per sq. ft.:$103.84

About this home

MAJOR PRICE REDUCTION | ~17.4% PRO-FORMA CAP RATE | VALUE-ADD 7 UNIT + 8TH UNIT UPSIDE 86 Oak St Priced to sell at $599,999, this property presents a high-upside multifamily opportunity in the core student housing corridor of Binghamton. Previously offered at a higher valuation, the asset has been repositioned for immediate sale. Investment Highlights ~17.4% Pro-Forma Cap Rate Based on projected NOI of $104,397 upon full stabilization Multiple Upside Paths Even without bringing the 8th unit online, projected NOI remains approximately $92,397, offering strong returns through operational improvements and market alignment over time 7 Units + 8th Unit Value-Add Existing 7-unit configuration with additional 1-bedroom basement unit requiring full renovation prior to lease-up Strong Rental Location Positioned along major bus lines with easy access to downtown and key student demand drivers Off-Street Parking + 51’ Frontage Desirable amenity that enhances tenant appeal and...

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Home facts

  • Year built:1970
  • Listing ID #:R1666750
  • Added:133 day(s) ago
  • Updated:July 25, 2026 at 03:14 PM

Rooms and interior

  • Bedrooms:17
  • Kitchen Description:Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:5,778 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Roof:Flat, Shingle
  • Year built:1970
  • Building area:5,778 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Near Public Transit, Rectangular
  • Construction Materials:Frame, Stucco
  • Levels:2 Stories

Schools

  • High school:Binghamton High
  • Middle school:West Middle
  • Elementary school:Horace Mann

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$599,999
  • Price per sq. ft.:$103.84
  • Tax amount:$11,623

Features and amenities

  • Appliances:Refrigerator

Parking

  • Parking description:No Garage

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