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75.5 Pine Street

Binghamton, NY 13901
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Bed --

Bed

Bath 0

Bath

SqFt3,310

Sqft

SqFt3,565

Sqft(Lot)

This stabilized, cash-flowing 5-unit property in Binghamton delivers a Net Operating Income of $34,915.75 at a 12.98% cap rate — nearly a 13% return with property management factored in. Self-managed, NOI climbs to roughly $40,017, pushing the cap rate closer to 14.9% for hands-on investors. Featuring 6 electric meters and 5 gas meters, utilities are set up for efficiency. Located just minutes from Downtown, with easy access to Binghamton University, major hospitals, and public transportation, the property attracts long-term, dependable tenants — students, professionals, and medical staff — ensuring consistent occupancy. Buyer confidence is built in: a full inspection report is available, a list of completed repairs is on hand, and a recent appraisal report valued the property at $287,000 with no repairs needed — over $17,000 above list price. A turnkey, low-maintenance investment with strong cash flow, immediate equity, and a proven rent roll — it performs from day one!

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Detail Ic Property Details

Property Type : Residential Income

Price : $269,000

AD Id : 91519531

MLS Id : 338133

Lot Size : 3,565 Sq. Ft

Living Area Size : 3,310 Sq. Ft

Tax Amount : $5,997

Year Built : 1950

County : Broome

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Feature Features

  • Room Information

    Has Basement: Yes
  • Flooring Information

    Carpet, Hardwood, Vinyl
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1950 Construction Materials: Aluminum Siding Patio And Porch Features: Porch, Covered Private Pool: No

  • Lot Information

    Lot Dimensions: 31 x 115 Main Square Feet: 3565 Square Feet Lot Description: Level

  • Listing Price Information

    Listing Price: $269000

  • Tax Information

    Parcel Number: 030200-160-035-0002-026-000-0000 Annual Tax: $5997

  • Parking Information

    Driveway

  • School Information

    Elementary School: MacArthur
    Junior High School:
    Senior High School:
  • Utility Information

    Cable Available
  • Location Information

    Direction: Use court Street, turn right onto Chapman Street, then right on Pine Street. Property will be on your left WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1015 River Road, Binghamton, NY, 13901 $354,900 4 3 2,716 0.68 Acre
112 Wisconsin Drive, Binghamton, NY, 13901 $474,900 4 3 3,265 1.90 Acres
25 Jason Drive, Binghamton, NY, 13901 $339,900 3 3 1,900 0.30 Acre
8 Willow Lane, Binghamton, NY, 13901 $189,900 4 2 1,398 0.28 Acre
21 Ritchie Road, Binghamton, NY, 13901 $220,000 3 2 1,638 0.15 Acre
61 Highland Road, Binghamton, NY, 13901 $249,000 4 2 2,100 0.27 Acre
1263 Cornell Avenue, Binghamton, NY, 13901 $220,000 3 2 2,266 0.20 Acre
1743 N Front Street, Binghamton, NY, 13901 $230,000 3 1 1,584 3.65 Acres
1111 Chenango Street, Binghamton, NY, 13901 $190,000 3 2 2,488 0.26 Acre
47 Cary Street St, Binghamton, NY, 13901 $119,999 4 2 1,128 0.07 Acre

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 @ 12:53

MLS: 338133 LISTED BY: Vincent Lucenti, INNOVATIVE COMMERCIAL ADVISORS 607-203-1826 SOURCE: Greater Binghamton Association of REALTORS

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