Home Details for 86 Oak Street

Offered for sale is an 8-unit multifamily property located in a highly desirable Binghamton location with strong value-add potential. The building currently includes 7 built-out units totaling an impressive 17 beds, plus an additional framed-out basement unit that may provide an opportunity to increase the unit and bed count, subject to municipal approvals. The property is well positioned to serve Binghamton’s student housing market, as well as renters seeking convenient access to Downtown Binghamton, nearby bus lines, restaurants, shops, and amenities. Additional features include on-site laundry, off-street parking, and separate electric meters. The City of Binghamton previously explored acquiring the property through eminent domain but did not proceed; however, investors should be aware that similar municipal interest could potentially arise in the future.

• Cooling Information

  • None

• Heating Information

  • Baseboard

• Water Features

  • Public

• Utilities

  • Cable Available

• Parking

  • Driveway