Active

116 Murray Street

Binghamton, NY 13905

$340,000 $1,433/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

3,605

Sqft

0.24

Acre(Lot)

Description

116 Murray Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The property will be delivered vacant and sold in as-is condition, allowing a new owner to renovate and lease the property according to their investment strategy. Offered at approximately $42,500 per bed, it is priced below the approximately $60,000-per-bed benchmark for well-maintained and fully occupied student properties in the West Side market. Once renovated and stabilized at a projected market rent of approximately $700 per bed, the pro forma estimates annual net operating income of $39,111, representing an approximate 11.5% capitalization rate at the asking price. This offering provides investors with an attractive acquisition basis and meaningful potential for income growth and value creation.

Property Details

Property Type : Residential Income

Price : $340,000

AD Id : 89536922

MLS Id : 337432

Beds : 8

Lot Size : 0.24 Acre

Living Area Size : 3,605

Year Built : 1905

County : Broome

Subdivision: Young S Sub De Luxe

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Room Information

Has Basement: Yes
Flooring Information

Carpet, Hardwood, Tile, Vinyl
Interior Features

Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1905 Construction Materials: Other, Vinyl Siding Private Pool: No

Lot Information

Lot Dimensions: 79x120 Main Square Feet: 0.24 Acres Lot Description: Level

Property Information

Subdivision: Lewis St John Farm Source Property Type: Residential Income Zoning Description: R-3 Property SubType: Apartment Property Age: 121

Listing Price Information

Listing Price: $340000

Tax Information

Parcel Number: 030200-160-039-0003-049-000-0000 Annual Tax: $7162

Virtual Tour

Virtual Tour (External Link)

Parking Information

Driveway

School Information

Elementary School: Horace Mann

Junior High School:

Senior High School:
Utility Information

Cable Available
Location Information

Direction: South of Main Street on East side of Murray Street WaterSource: Public

Sell a home like this and save $19,901 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
7 Johnson Rd Rd, Binghamton, NY, 13905	$238,000	3	2	1,810	1,810 SqFt
17 Wallace Road, Binghamton, NY, 13905	$255,000	5	2	2,200	2,200 SqFt
135 Front Street, Binghamton, NY, 13905	$2,990,000	41	17	19,345	19,345 SqFt
5 Leroy Street, Binghamton, NY, 13905	$699,000	10	--	5,415	5,415 SqFt
5 Riverside Dr. Dr #808, Binghamton, NY, 13905	$189,900	2	2	1,240	1,240 SqFt
5 Riverside Drive #411, Binghamton, NY, 13905	$169,000	2	2	1,270	1,270 SqFt
5 Riverside Drive #207, Binghamton, NY, 13905	$140,000	1	2	920	920 SqFt
12 Florence Avenue, Binghamton, NY, 13905	$199,000	3	1	1,538	1,538 SqFt
19 Clinton Street, Binghamton, NY, 13905	$119,000	2	--	0	0.19 SqFt
41 S Morningside Dr Dr, Binghamton, NY, 13905	$225,000	2	2	1,960	1,960 SqFt

Similar Homes To 116 Murray Street

Nearby For Sale

Active

$595,000

Home For Sale

258 Brooks Rd Rd,
Binghamton, NY, 13905

Bed

Bath

Sqft

Acres(Lot)

151 Seminary Avenue,
Binghamton, NY, 13905

Bed

Bath

Sqft

Acre(Lot)

290 Stratmill Road,
Binghamton, NY, 13904

Bed

Bath

Sqft

Acres(Lot)

96 Conklin Avenue,
Binghamton, NY, 13903

Bed

Bath

Sqft

Acre(Lot)

10 Mygatt Street,
Binghamton, NY, 13905

Bed

Bath

1,614

Sqft

3,150

Sqft(Lot)

Listing information provided in part by the Greater Binghamton Association of REALTORS®, Inc. MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright ©2026 Greater Binghamton Association of REALTORS®, Inc. MLS. All rights reserved.

ByOwner last updated this listing 08/20/2026 @ 19:29

MLS: 337432 LISTED BY: Scott Warren, INNOVATIVE COMMERCIAL ADVISORS 607-203-1826 SOURCE: Greater Binghamton Association of REALTORS