13 Walnut Street
Binghamton, NY 13905
6
Bed
2
Bath
1,828Sqft
0.08Acre(Lot)
13 Walnut Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The R-3-zoned property consists of two three-bedroom units and will be delivered vacant, providing a new owner with the opportunity to renovate and reposition the property. Offered at $255,000, or approximately $42,500 per bed, the property is priced below the approximately $60,000-per-bed average for stabilized student-housing properties in the market. Based on projected rents of $725 per bed per month, the stabilized pro forma estimates annual net operating income of $33,423, representing an approximate 13% capitalization rate at the asking price. This offering provides an attractive acquisition basis with meaningful potential for income growth and value creation.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Full Baths: 2 -
Flooring Information
Carpet, Hardwood, Tile -
Interior Features
Appliances: Gas Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Baseboard Cooling: None
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Building Information
Year Built: 1920 Construction Materials: Other Patio And Porch Features: Porch, Covered Private Pool: No -
Exterior Features
Exterior Features: Garden
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Lot Information
Lot Dimensions: 45x80 Main Square Feet: 0.08 Acres Lot Description: Garden, Views
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Listing Price Information
Listing Price: $255000
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Tax Information
Parcel Number: 030200-160-046-0003-034-000-0000 Annual Tax: $3481
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Virtual Tour
Parking Information
On Street
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School Information
Elementary School: Horace MannJunior High School:Senior High School: -
Location Information
Direction: South of Leroy St. 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 | 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 |
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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 08/20/2026 @ 17:59
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