For SaleMLS # R166675049 days on market

86 Oak Street

Binghamton, NY 13905 · Broome County

Price

$599,999

Bed / Bath

17 bd

Interior

5,778 sqft

Lot

5,227 sqft lot

Built

1970

↓ Reduced from $699,990

About this home

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 Existing 7-unit configuration with additional 1-bedroom basement unit requiring full renovation prior to lease-up Strong Rental Location Positioned along major bus lines with easy access to downtown and key student demand drivers Off-Street Parking + 51’ Frontage Desirable amenity that enhances tenant appeal and retention R-3 Zoning (Multifamily Compliant) Supports current use and long-term investment stability

Exterior features

See Remarks

Appliances

Electric Oven
Electric Range
Gas Water Heater
Refrigerator
See Remarks

Mechanical

Heating

Gas, Other, See Remarks

Cooling

Other, See Remarks

Schools

District

Binghamton

Elementary

Horace Mann

Middle

West Middle

High School

Binghamton High

Tax & finance

Annual taxes

$11,623

Financing

Cash · Conventional · Other · SeeRemarks

Location

Binghamton, NY 13905 · Broome County

Open in Google Maps ↗

MLS Attribution

Listing courtesy of Owner Entry.com. Listing agent: David White. Data last updated 5/1/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.