160 Chapin Street
Binghamton, NY 13905
6
Bed
5
Bath
3,903Sqft
0.14Acre(Lot)
Value-add 5-unit multifamily offered below its October 2025 appraised value of $450,000. Renovated in 2024 with new hot water heaters, appliances, and updated finishes, this 3,903 SF building carries a strong unit mix — one studio, three one-bedrooms, and a spacious three-bedroom. Delivered largely vacant, it's a rare blank-slate play: set your own market rents from day one with no below-market or holdover tenants to inherit. Stabilized market rents of roughly $4,750/month ($57,000/year) support a projected NOI near $32,800. Electric is separately metered by unit to limit owner utility exposure; off-street parking plus a detached garage adds income upside. Located under a half-mile from downtown Binghamton and minutes to Binghamton University, with steady rental demand from the local workf
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Full Baths: 5Room Information
Has Basement: Yes -
Flooring Information
Carpet, Hardwood -
Interior Features
Appliances: Gas Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Cooling: None, Wall/Window Unit(s)
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Building Information
Year Built: 1920 Construction Materials: Vinyl Siding Patio And Porch Features: Porch, Covered Private Pool: No
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Lot Information
Lot Dimensions: 50 x 121 Main Square Feet: 0.14 Acres Lot Description: LevelProperty Information
Subdivision: Lizzie E Chubbuck Source Property Type: Residential Income Zoning Description: R-3 Property SubType: Apartment Property Age: 106
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Listing Price Information
Listing Price: $395100 Original Price: $449000
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Tax Information
Parcel Number: 030200-160-031-0003-043-000-0000 Annual Tax: $5147
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Virtual Tour
Parking Information
Driveway, Detached, GarageGarage Information
Has Garage: Yes Garage Space: 2
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School Information
Elementary School: Horace MannJunior High School:Senior High School: -
Location Information
Direction: Main St -> Left on Edwards -> Right on North -> Right on Chapin property on left WaterSource: Public
How much is this property worth?
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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 |
| 17 Wallace Road, Binghamton, NY, 13905 | $255,000 | 5 | 2 | 2,200 | 0.34 Acre |
| 135 Front Street, Binghamton, NY, 13905 | $2,990,000 | 41 | 17 | 19,345 | 1 Acre |
| 5 Leroy Street, Binghamton, NY, 13905 | $699,000 | 10 | -- | 5,415 | 0.12 Acre |
| 5 Riverside Drive #411, Binghamton, NY, 13905 | $169,000 | 2 | 2 | 1,270 | -- |
| 12 Florence Avenue, Binghamton, NY, 13905 | $199,000 | 3 | 1 | 1,538 | 0.17 Acre |
| 19 Clinton Street, Binghamton, NY, 13905 | $119,000 | 2 | -- | 0 | 0.19 Acre |
| 41 S Morningside Dr Dr, Binghamton, NY, 13905 | $205,000 | 2 | 2 | 1,960 | 0.35 Acre |
| 5 Lydia Street, Binghamton, NY, 13905 | $49,900 | 3 | 1 | 1,722 | 0.11 Acre |
| 266 Oak Street, Binghamton, NY, 13905 | $120,000 | 3 | 2 | 1,394 | 0.09 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 09/02/2026 @ 17:23
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