26 Fayette Street, Binghamton, NY for sale

26 Fayette Street, Binghamton, NY 13901

Accepting Offers
26 Fayette Street, Binghamton, NY for sale26 Fayette Street, Binghamton, NY for sale26 Fayette Street, Binghamton, NY for sale26 Fayette Street, Binghamton, NY for sale
Asking Price

$295,000

26 Fayette Street, Binghamton, NY for sale

26 Fayette Street, Binghamton, NY 13901

Asset Type: Real Estate

Estate: Fee Simple

Number of Units: 3

Property Size: 7,524 SF

Property Type: Multifamily

Year Built: 1920

NOI: 39,982

Investment Highlights

  • Strong Cash Flow with Upside Potential – Proven rental history featuring two spacious 4-bedroom apartments and a massive studio apartment. The recently vacated second-floor unit is ready for lease-up, providing immediate value-add and income growth opportunities.
  • Prime Walkable Location – Situated within walking distance of public transportation, shopping, restaurants, and major employers, offering tenants convenience and supporting strong rental demand across multiple renter demographics.
  • Large Units, Durable Construction & Easy Ownership – Tenant-friendly floor plans, well-lit living spaces, durable finishes, maintained mechanical systems, on-site laundry, and solid exterior construction combine to create an income-producing asset with manageable operating costs and long-term investment appeal.

Offering Summary

Excellent investment opportunity featuring three spacious apartments in a convenient Binghamton location. Situated within walking distance of public transportation, shopping, restaurants, and major employers, this property offers strong appeal to tenants. The building includes a large 4-bedroom apartment on the first floor, a second large 4-bedroom apartment on the second floor, and a massive studio apartment on the third floor. The second-floor unit was recently vacated and is currently available for lease, providing an opportunity to increase rents or select a new tenant. The property has a strong rental history, generous unit sizes, and consistent demand, making it an attractive option for both new and experienced investors seeking immediate income potential with upside through lease-up of the vacant unit.

Sale FAQs

Investment Sales Broker

James Lucenti

James Lucenti

SVN | Innovative Commercial Advisors

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXX

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