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49 & 51 Park Avenue

Binghamton, NY 13903
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$250,000 $1,054/Mo
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Bed 20

Bed

Bath 0

Bath

SqFt7,904

Sqft

Acres0.17

Acre(Lot)

AUCTION: 11-unit multifamily investment opportunity in Binghamton's South Side offered at auction, with bidding starting at $250,000 Comprised of two well-maintained buildings at 49 and 51 Park Avenue, the property offers strong in-place occupancy, professional management, and immediate cash flow in a highly convenient location The complex includes 5 units at 49 Park Avenue and 6 units at 51 Park Avenue, with a unit mix of nine 2-bedroom apts and two 1-bedroom apts. Located within walking distance of UHS and just a half-mile from Downtown Binghamton, the property is well positioned to attract and retain tenants seeking proximity to employment, healthcare, and downtown amenities Current rents are below Broome County Fair Market Rent, creating a meaningful opportunity for future ren tal growth. This offering represents a rare turnkey investment with immediate income and significant upside, making it an excellent opportunity for investors seeking long-term and cash flow long term.

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Detail Ic Property Details

Property Type : Residential Income

Price : $250,000

AD Id : 77765129

MLS Id : 335621

Beds : 20

Lot Size : 0.17 Acre

Living Area Size : 7,904

Year Built : 1960

County : Broome

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Feature Features

  • Bedroom Information

    Total beds: 20

    Room Information

    Has Basement: Yes

  • Flooring Information

    Carpet, Hardwood, Tile

  • Interior Features

    Appliances: Gas Water Heater

  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard Cooling: None

  • Building Information

    Year Built: 1960 Construction Materials: Aluminum Siding Private Pool: No

  • Lot Information

    Lot Dimensions: 100x150 Main Square Feet: 0.17 Acres Lot Description: Level

  • Listing Price Information

    Listing Price: $250000 Original Price: $850000

  • Tax Information

    Parcel Number: 030200-160-080-0004-017-000-0000 Annual Tax: $14801

  • School Information

    Elementary School: MacArthur
    Junior High School:
    Senior High School:

  • Utility Information

    Cable Available

  • Location Information

    Direction: Vestal Ave to Park Ave. On same block as UHS. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
899 Conklin Road, Binghamton, NY, 13903 $105,000 3 1 1,500 1,500 SqFt
4467 Brady Hill Road, Binghamton, NY, 13903 $50,000 3 1 1,610 1,610 SqFt
14 Muckey Road, Binghamton, NY, 13903 $259,000 4 3 2,600 2,600 SqFt
277 Woodside Avenue, Binghamton, NY, 13903 $264,900 3 2 1,654 1,654 SqFt
4182 Murphy Road, Binghamton, NY, 13903 $665,000 7 5 6,120 6,120 SqFt
12 St Clair Ave, Binghamton, NY, 13903 $84,900 3 2 1,239 1,239 SqFt
2 Lillian Drive, Binghamton, NY, 13903 $267,900 2 2 1,345 1,345 SqFt
55 Powers Road, Binghamton, NY, 13903 $119,900 3 2 1,296 1,296 SqFt
94-96 Decatur Street, Binghamton, NY, 13903 $79,500 2 1 983 983 SqFt
29 Delmar Street St, Binghamton, NY, 13903 $159,999 3 2 1,064 1,064 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 07/20/2026 @ 16:21

MLS: 335621 LISTED BY: Scott Warren, INNOVATIVE COMMERCIAL ADVISORS 607-203-1826 SOURCE: Greater Binghamton Association of REALTORS

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