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$599,999
17 Beds
-- Bath
5,778sqft
86 Oak St, Binghamton, NY 13905
$599,999
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Multi Family
Built in 1970
$-- HOA
0.12 acre lot
$104/sq.ft
Description
MAJOR PRICE REDUCTION | ~17.4% PRO-FORMA CAP RATE | VALUE-ADD 7 UNIT + 8TH UNIT UPSIDE
86 Oak St
Priced to sell at $599,999, this property presents a high-upside multifamily opportunity in the core student housing corridor of Binghamton. Previously offered at a higher valuation, the asset has been repositioned for immediate sale.
Investment Highlights
~17.4% Pro-Forma Cap Rate
Based on projected NOI of $104,397 upon full stabilization
Multiple Upside Paths
Even without bringing the 8th unit online, projected NOI remains approximately $92,397, offering strong returns through operational improvements and market alignment over time
7 Units + 8th Unit Value-Add
...
- Houzeo last checked: 46 Minutes ago
- Listing updated: May 1, 2026 at 8:53 pm
- Listing Provided by: David White (617) 542-9300 DRE #10371201849 | Owner Entry.com (617) 542-9300
- Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: R1666750
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1970
HOA Fees
-
Finished Area
5,778 sqft
Lot Size
0.12 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
R1666750
MLS Status
Active
Days on Market
89
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