86 Oak Street, Binghamton, NY 13905

Binghamton
Local realty services provided by:ERA Team VP Real Estate
86 Oak Street,Binghamton, NY 13905
$699,990
  • 7 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:$699,990
  • Price per sq. ft.:$121.15

About this home

UNBEATABLE 12.3% PRO-FORMA CAP RATE: 7-Unit Building + 8th Unit Value-Add Upside Description: Priced at $699,990 for immediate sale, 86 Oak St is a high-yield asset in Binghamton’s premier student housing hub. Located on major bus lines near downtown, this location ensures high demand, bolstered by 51’ frontage and rare off-street parking—a major competitive advantage in this neighborhood. Investment Highlights: Pro-Forma 12.3% Cap Rate: Based on optimized operations and a Pro-Forma NOI of $85,997. 7 Units + 1 Bonus: Currently 7 functional units with a 1-bed basement unit awaiting renovation. Pro-forma financials include the projected income from this 8th unit. Legal R-3 Zoning: The "gold standard" for student housing compliance in Broome County. Financials (Pro-Forma): Net Operating Income (NOI): $85,997 Property is being sold as-is. This is a rare "math-house" play for an investor looking to anchor their portfolio in the Westside’s premier rental corridor.

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Home facts

  • Year built:1970
  • Listing ID #:R1666750
  • Added:42 day(s) ago
  • Updated:April 25, 2026 at 02:50 PM

Rooms and interior

  • Bedrooms:7
  • 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:$699,990
  • Price per sq. ft.:$121.15
  • Tax amount:$11,623

Features and amenities

  • Appliances:Refrigerator

Parking

  • Parking description:No Garage

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