NY
Broome
Binghamton
13905
158 Chapin Street
158 Chapin Street, Binghamton, NY 13905
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Listing Type
Commercial/Industrial
Listing Status
Active
45
$370,000

Home Details for 158 Chapin Street

Price
$370,000
Type
Commercial Sale
Square feet
2154
Year built
1960
County
Broome
MLS Listing#
337156
Property Description

Turn-key investment opportunity! Excellent 5-unit multi-family property featuring five individual 1-bedroom apartments delivering a strong Net Operating Income (NOI) of $37,539 after expenses, representing a solid 10% cap rate. Total landlord utility expenses (electric, gas, water, and sewer) are $8,809/year. The property includes high-speed internet bundled into operations to power the remote-accessible security camera system, which transfers to the new owner upon sale. Well-maintained with a solid rental history, established annual rent schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. A fantastic addition to any portfolio!

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Property Features
  • Utilities
    • Electricity Available
    • Natural Gas Available
  • Cooling Information
    • None
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
Listing Courtesy: Keller Williams Realty Souther - 607-275-5600
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.
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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 #: BK3302418
License #: 10301223973
Associate Broker
Office
607 724 3948
Agent
607 235 6515
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