116 Murray Street
Binghamton, NY 13905
8
Bed
0
Bath
3,605Sqft
0.24Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Room 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
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Building Information
Year Built: 1905 Construction Materials: Other, Vinyl Siding Private Pool: No
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Lot Information
Lot Dimensions: 79x120 Main Square Feet: 0.24 Acres Lot Description: LevelProperty Information
Subdivision: Lewis St John Farm Source Property Type: Residential Income Zoning Description: R-3 Property SubType: Apartment Property Age: 121
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Listing Price Information
Listing Price: $340000
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Tax Information
Parcel Number: 030200-160-039-0003-049-000-0000 Annual Tax: $7162
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Virtual Tour
Parking Information
Driveway
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School Information
Elementary School: Horace MannJunior High School:Senior High School: -
Utility Information
Cable Available -
Location Information
Direction: South of Main Street on East side of Murray Street WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 7 Johnson Rd Rd, Binghamton, NY, 13905 | $238,000 | 3 | 2 | 1,810 | 0.21 Acre |
| 27 Rosedale Drive, Binghamton, NY, 13905 | $195,000 | 3 | 1 | 1,144 | 0.11 Acre |
| 5 Leroy Street, Binghamton, NY, 13905 | $699,000 | 10 | -- | 5,415 | 0.12 Acre |
| 5 Riverside Drive #509, Binghamton, NY, 13905 | $200,000 | 2 | 2 | 1,275 | -- |
| 5 Riverside Drive #711, Binghamton, NY, 13905 | $195,000 | 2 | 2 | 1,270 | -- |
| 15 Conti Court, Binghamton, NY, 13905 | $479,400 | 3 | 3 | 2,386 | 0.37 Acre |
| 12 Florence Avenue, Binghamton, NY, 13905 | $185,000 | 3 | 1 | 1,538 | 0.17 Acre |
| 4 Oak Street #11, Binghamton, NY, 13905 | $235,000 | 2 | 3 | 1,650 | 3.97 Acres |
| 19 Clinton Street, Binghamton, NY, 13905 | $119,000 | 2 | -- | 0 | 0.19 Acre |
| 41 S Morningside Dr Dr, Binghamton, NY, 13905 | $190,000 | 2 | 2 | 1,960 | 0.35 Acre |
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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 10/06/2026 @ 07:07
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