86 Oak Street
Binghamton, NY 13905
17
Bed
0
Bath
5,778Sqft
0.12Acre(Lot)
MAJOR PRICE REDUCTION | ~17.4% PRO-FORMA CAP RATE | VALUE-ADD 7 UNIT + 8TH UNIT UPSIDE 86 Oak St Priced to sell at $599,999, this property presents a high-upside multifamily opportunity in the core student housing corridor of Binghamton. Previously offered at a higher valuation, the asset has been repositioned for immediate sale. Investment Highlights ~17.4% Pro-Forma Cap Rate Based on projected NOI of $104,397 upon full stabilization Multiple Upside Paths Even without bringing the 8th unit online, projected NOI remains approximately $92,397, offering strong returns through operational improvements and market alignment over time 7 Units + 8th Unit Value-Add Existing 7-unit configuration with additional 1-bedroom basement unit requiring full renovation prior to lease-up Stro
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 17Room Information
Has Basement: Yes Basement: Full -
Flooring Information
Other, See Remarks -
Roofing Information
Flat, Other, Shingle, See Remarks -
Interior Features
Roof: Flat, Other, Shingle, See Remarks Appliances: Electric Oven, Electric Range, Gas Water Heater, Refrigerator, Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Other, See Remarks, Natural Gas Has Cooling: Yes Cooling: Other
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Building Information
Year Built: 1970 Building Area Total: 5778 Construction Materials: Frame, Stucco Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 51X99 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Description: Near Public Transit, Rectangular Lot
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Listing Price Information
Listing Price: $599999 Original Price: $699990 Cash, Conventional
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Tax Information
Parcel Number: 86OakStreetBinghamton13905 Annual Tax: $11623
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Parking Information
Parking Total: 3 No Garage
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School Information
Elementary School: Horace MannJunior High School: West MiddleSenior High School: Binghamton High -
Utility Information
Sewer Connected, Water Connected -
Location Information
Direction: corner of Eaton Pl 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 | $259,000 | 3 | 2 | 1,810 | 1,810 SqFt |
| 17 Wallace Road, Binghamton, NY, 13905 | $255,000 | 5 | 2 | 2,200 | 2,200 SqFt |
| 32 Wallace Road, Binghamton, NY, 13905 | $250,000 | 5 | 3 | 2,667 | 2,667 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 #207, Binghamton, NY, 13905 | $140,000 | 1 | 2 | 920 | 920 SqFt |
| 5 Riverside Drive #411, Binghamton, NY, 13905 | $169,000 | 2 | 2 | 1,270 | 1,270 SqFt |
| 12 Florence Avenue, Binghamton, NY, 13905 | $205,000 | 3 | 1 | 1,538 | 1,538 SqFt |
| 19 Clinton Street, Binghamton, NY, 13905 | $119,000 | 2 | -- | 0 | 0.19 SqFt |
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ByOwner last updated this listing 07/21/2026 @ 07:28
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