27 Morgan St, Binghamton, NY for sale

27 Morgan St, Binghamton, NY 13901

Accepting Offers
27 Morgan St, Binghamton, NY for sale27 Morgan St, Binghamton, NY for sale27 Morgan St, Binghamton, NY for sale27 Morgan St, Binghamton, NY for sale
Asking Price

$149,900

27 Morgan St, Binghamton, NY for sale

27 Morgan St, Binghamton, NY 13901

Asset Type: Real Estate

Estate: Fee Simple

Land Area: 0.23 Acres

Number of Units: 2

Property Size: 2,069 SF

Property Type: Multifamily

Year Built: 1900

Number of Floors: 2

NOI: 12,987

Investment Highlights

  • - **$149,900 | Two units | 2,069 SF** with two- and three-bedroom apartments
  • - **$25,200 annual rental income** and approximately **9% reported operating cap rate**
  • - Separate gas/electric meters and laundry hookups
  • - Corner lot with ample parking and a large, partially fenced yard
  • - Value-add potential with convenient downtown and highway access

Offering Summary

SVN Innovative Commercial Advisors is pleased to present 27 Morgan Street, a two-family investment property offered at $149,900 in Binghamton, NY. Generating $2,100 in current monthly rents, or $25,200 annually, the property offers established rental income and value-add potential. The 2,069-square-foot building features a two-bedroom first-floor apartment and a spacious three-bedroom second-floor apartment, with separate gas and electric meters and laundry hookups. Its approximately 9,955-square-foot corner lot provides ample off-street parking and a large, level, partially fenced backyard. Convenient access to downtown Binghamton and major highways supports tenant accessibility to employment, shopping, dining, and services. With a reported operating cap rate of approximately 9%, existing income, and opportunities to enhance the property through improvements, 27 Morgan Street offers an accessible entry point for investors seeking to establish or expand their multifamily portfolio.

Sale FAQs

Investment Sales Broker

James Lucenti

James Lucenti

SVN | Innovative Commercial Advisors

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXX

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