123 Oak

For Sale

123 Oak St, Binghamton, NY 13905

This Binghamton property for sale is located at 123 Oak St. The current listed sale price for 123 Oak is $298,000. 123 Oak is situated on a lot that is 0.2 acre in size.

Contacts

broker
Scott Warren, CCIM

SVN | Innovative Commercial Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 3,356 SF
  • Units 6
  • Lot Size 0.2 Acre
  • Year Built 1960
  • Date Updated Mar 31, 2025
Located in a rapidly developing student housing corridor, 123 Oak benefits from R3 zoning, which permits student housing use. This prime location is just a short walk to major bus lines, the Court Street Bridge, and the heart of Downtown Binghamton. With a strong walkability score of 73, residents enjoy convenient access to shops, restaurants, and campus amenities. The property's close proximity to public transit and the downtown district drives consistent rental demand, making it a highly attractive investment opportunity.Outstanding opportunity for student housing conversion in a prime Binghamton location. This 6-unit, 6-bedroom complex is situated in an area that has experienced significant growth in student housing development in recent years. Zoned R3, the property is well-suited for student occupancy and already includes a couple of student tenants. Just a few buildings from Main Street, the property is within walking distance to major bus lines, the Court Street Bridge, and Downtown Binghamton. With a walkability score of 73, tenants enjoy easy access to transit, shops, restaurants, and university amenities—contributing to strong and consistent rental demand. Recent upgrades include a new roof in 2022 and a boiler that is less than 10 years old, making this a strategic investment with long-term upside potential.
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Highlights

  • Zoned R3 – Ideal for Student Housing: Permissible zoning and existing student tenants make this a strong candidate for full conversion.
  • Prime Location Near Downtown & Main Street: Walking distance to bus lines, Court Street Bridge, and Downtown Binghamton.
  • Strong Walkability & Rental Demand: Walkability score of 73 with easy access to transit, shops, and university amenities.
  • Recent Improvements: Roof replaced in 2022; boiler less than 10 years old.

Getting around

  • 78/100

    Walk Score ®

  • 76/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Binghamton, NY
  • Zip Code 13905

Points of Interest

  • Speedway

    0.12 miles

  • Sunoco

    0.19 miles

  • Gulf

    0.85 miles

  • Mirabito

    0.85 miles

  • Citgo

    1.65 miles

  • Tesla Supercharger

    3.25 miles

  • Lot UDC

    0.40 miles

  • Binghamton General Hospital Parking

    0.93 miles

  • UHS Summit Building Parking

    0.98 miles

  • UHS Parking

    1.07 miles

  • Lot HSC2

    1.92 miles

  • Lot HSC1

    2.02 miles

  • Lot J

    2.05 miles

  • Lot J1

    2.11 miles

  • DoubleTree

    0.29 miles

  • Holiday Inn Binghamton Downtown

    0.32 miles

  • The Grand Royale Hotel

    0.44 miles

  • Red Roof Inn Binghamton North

    1.75 miles

  • Econo Lodge

    1.81 miles

  • Microtel Inn & Suites by Wyndham Binghamton

    1.83 miles

  • Residence Inn

    1.98 miles

  • Fairfield Inn Marriott

    2.22 miles

  • Quality Inn & Suites

    2.80 miles

  • Comfort Inn

    2.98 miles

  • Boscov's

    0.26 miles

  • A-1 Grocery & Halal Meat

    0.49 miles

  • Plaza 5

    0.80 miles

  • Big Lots

    0.89 miles

  • Weis

    0.99 miles

  • Price Chopper

    1.00 miles

  • Walmart Supercenter

    1.73 miles

  • Walmart

    1.80 miles

  • NOOR Halal Food & More

    1.92 miles

  • Dollar Depot

    2.15 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Scott Warren, CCIM

SVN | Innovative Commercial Advisors

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