NY
Broome
Binghamton
13903
49 & 51 Park Avenue
49 & 51 Park Avenue, Binghamton, NY 13903
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Listing Type
Condo/Townhome
Listing Status
Active
14
$850,000

Home Details for 49 & 51 Park Avenue

Price
$850,000
Type
Residential Income
Bedrooms
20
Square feet
7904
Year built
1960
County
Broome
MLS Listing#
335621
Property Description

SVN is pleased to present this 11-unit multifamily investment opportunity in Binghamton’s South Side. Comprised of two well-maintained buildings at 49 and 51 Park Avenue, the property offers strong in-place occupancy, professional management, and immediate cash flow in a highly convenient location. The complex includes 5 units at 49 Park Avenue and 6 units at 51 Park Avenue, with a unit mix of nine 2-bedroom apartments and two 1-bedroom apartments. Located within walking distance of UHS and just a short half-mile from Downtown Binghamton, the property is well positioned to attract and retain tenants seeking proximity to employment, healthcare, and downtown amenities. Current rents are below Broome County Fair Market Rent, creating a meaningful opportunity for future rental growth. This offering represents a rare turnkey investment with upside. Priced to sell at an 8.86% cap rate, it is an excellent opportunity for an investor seeking stable returns and long-term value.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Baseboard
  • Water Features
    • Public
  • Utilities
    • Cable Available
  • Parking
    • Driveway
School Information
School Information for 49 & 51 Park Avenue, Binghamton, NY 13903
Elementary School
MacArthur
Middle School
N/A
High School
N/A
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 ©2026 Greater Binghamton Association of REALTORS®, Inc. MLS. All rights reserved.
Fair Housing Notice
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Great Binghamton AOR.
EXIT REALTY FRONT AND CENTER
1155 Front Street, Binghamton, NY 13905
Kregg Smith
License #: BK3302418
License #: 10301223973
Associate Broker
Office
607 724 3948
Agent
607 235 6515
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