175 Chapin Street
Binghamton, NY 13905 · Broome County
Price
$730,000
Bed / Bath
—
Interior
7,820 sqft
Lot
8,316 sqft lot
Built
1960
About this home
Turn-key investment opportunity! Excellent 8-unit multi-family property featuring eight individual 1-bedroom apartments with a strong Net Operating Income of $65,647 after expenses. Landlord utility expenses (water, sewer, and common electric) total just $2,852/year. The building offers plenty of off-street parking behind the building for each tenant and is designed for low-friction management, featuring 9 separate electric meters (8 tenant-paid, 1 landlord meter for common spaces). Additional income stream provided by on-site coin-operated laundry facilities generating approximately $2,000/year ($500/qtr). Security-enabled building features a locked front entry with postal key access, plus a remote-viewable security camera system that transfers to the new owner. Well-maintained property with a solid rental history, established rental schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. Perfect addition to any portfolio!
Mechanical
Heating
Gas, Forced Air
Schools
District
Binghamton
Tax & finance
Annual taxes
$11,049
Financing
Conventional
MLS Attribution
Listing courtesy of Keller Williams Realty Southern Tier & Finger Lakes. Listing agent: James Connor. Data last updated 7/30/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.
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