Home Details for 51 Seminary Avenue

Offered for sale is a stabilized 2-unit student housing asset located in Binghamton’s West Side, the most established and consistently leased student corridor in the market. The property includes six bedrooms and two full bathrooms with a functional layout that supports consistent occupancy and efficient leasing. The asset is situated within the City’s R-3 zoning district, supporting higher density residential use and aligning with the surrounding student housing concentration south of Main Street. The location remains desirable for student tenants due to proximity to downtown amenities and established transportation routes. Leases for the upcoming semester are secured at $625 per bed with a projected 9.03% cap rate, offering strong in place yield relative to market alternatives. This offering presents an opportunity to acquire a well-located student housing property with durable demand and stable cash flow fundamentals.

• Parking

  • Detached
  • Garage

• Cooling Information

  • None

• Heating Information

  • Forced Air

• Water Features

  • Public

• Utilities

  • Cable Available