Home Details for 75.5 Pine Street

Strong cash-flowing 5-unit investment property on Binghamton’s South Side offering 3,310 sq ft, 8 total bedrooms, and a highly efficient utility setup with 6 electric meters and 5 gas meters. This building produces $53,700 in annual gross rent with a Net Operating Income of $34,915, delivering an impressive 11.66% cap rate at the $299,500 asking price. Units are fully rented with a solid rental history, low operating expenses, and stable long-term tenants. The location is ideal—close to South Side schools, parks, grocery stores, and daily conveniences, and just minutes to Downtown Binghamton, Binghamton University’s Main Campus and Downtown Center, Wilson Hospital, UHS, Lourdes, and major employers. Easy access to I-81, I-88, and Route 17/I-86 makes this property highly desirable and ensures strong tenant demand. A perfect opportunity for investors seeking immediate cash flow, low price per unit, and a well-situated multifamily asset.

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  • Baseboard

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  • Public

• Parking

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