NY
Broome
Binghamton
13905
140 Chapin Street
140 Chapin Street, Binghamton, NY 13905
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Listing Type
Commercial/Industrial
Listing Status
Active
0
$725,000

Home Details for 140 Chapin Street

Price
$725,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1950
County
Broome
Garage
Days on site
0
MLS Listing#
334005
Property Description

Introducing 140 Chapin St, a prime investment opportunity in Binghamton, NY. This 6,117 SF building, boasting 11 units, presents a lucrative student housing investment in an excellent location in Binghamton's West Side. The property enjoys a high 92.8% occupancy rate, ensuring immediate income generation. Zoned R-3, it offers flexibility for future development. Situated in one of the most established areas for student housing in the Binghamton market and walking distance to Downtown Binghamton ensures a steady occupancy and cash flow. Many of the rents are below market rent creating an opportunity for significant value add without the large renovation costs.

Property Features
  • Utilities
    • Electricity Available
    • Natural Gas Available
  • Water Features
    • Public
Listing Courtesy: INNOVATIVE COMMERCIAL ADVISORS - 607-203-1826
Listing information provided in part by the Greater Binghamton Association of REALTORS®, Inc. MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright ©2025 Greater Binghamton Association of REALTORS®, Inc. MLS. All rights reserved.
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Market statistics compiled from data from Great Binghamton AOR.
EXIT REALTY FRONT AND CENTER
1155 Front Street, Binghamton, NY 13905
Kregg Smith
License #: 10301223973
Associate Broker
Office
607 724 3948
Agent
607 235 6515
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