Map of Property

Binghamton 4Rent Student Housing

For Sale

139 Murray Street, Binghamton, NY 13905

This Binghamton property for sale is located at 139 Murray Street. The current listed sale price for Binghamton 4Rent Student Housing is $829,000. Binghamton 4Rent Student Housing is situated on a lot that is 0.18 acre in size.

Contacts

broker
James Lucenti

SVN | Innovative Commercial Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 8,134 SF
  • Units 9
  • Lot Size 0.18 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1960
  • Year Renovated 2021
  • Date Updated Jan 17, 2025
Discover the perfect investment opportunity in the vibrant Binghamton student housing market. Located in the heart of Binghamton, this sought-after area offers proximity to Binghamton University, ensuring a steady demand for quality student accommodations. With convenient access to the University, downtown amenities, and popular entertainment venues, this prime location presents an exceptional opportunity for multifamily/mid-rise investors. Surrounding attractions such as the Binghamton Zoo, Roberson Museum and Science Center, and the picturesque Recreation Park further enhance the desirability of this thriving student-centric area. Embrace the potential of Binghamton 4Rent Student Housing as a lucrative addition to your investment portfolio.This fantastic 9-unit solid brick building offers an incredible investment opportunity in a prime location within walking distance of downtown Binghamton’s vibrant bars, restaurants, and shopping. Situated just one block from the SUNY bus line, the property is highly attractive to tenants seeking convenience and accessibility. The fully renovated apartments feature updated kitchens with granite countertops, stainless steel appliances, and modern finishes throughout, offering comfort and affordability. Coin-operated laundry room in the basement adds to the convenience and income. The secure building includes a sprinkler system throughout and a fire exit at the back, while a large off-street parking lot provides ample space for tenants. The well-maintained property boasts a newer roof (15 years old) and solid construction. Financials based on proforma with 100% occupancy.
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Highlights

  • • Fully Renovated: Updated kitchens with granite countertops, stainless steel appliances, and modern finishes throughout.
  • • Convenient Living: Fully furnished 3-bedroom and studeio apartments offering comfort and affordability.
  • • Coin-Operated Laundry: Conveniently located in the basement.
  • • Secure Building: Features a sprinkler system throughout and a fire exit at the back.
  • • Parking: A large off-street parking lot provides ample space for tenants.
  • • Well-Maintained: Newer roof (15 years old) and solid construction
  • • Value-Add Opportunity: The property currently has significant vacancies due to property management challenges. However, with streamlined management practices, this building has excellent potential for increased occupancy and revenue growth.
  • Seize this opportunity to own a secure, updated, and strategically located investment property in Binghamton!

Getting around

  • 72/100

    Walk Score ®

  • 74/100

    Bike Score ®

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Location

  • City Binghamton, NY
  • Zip Code 13905

Points of Interest

  • Speedway

    0.19 miles

  • Sunoco

    0.22 miles

  • Gulf

    0.83 miles

  • Mirabito

    0.97 miles

  • Citgo

    1.71 miles

  • Tesla Supercharger

    3.15 miles

  • Lot UDC

    0.52 miles

  • Binghamton General Hospital Parking

    1.05 miles

  • UHS Summit Building Parking

    1.10 miles

  • UHS Parking

    1.19 miles

  • Lot HSC2

    1.83 miles

  • Lot HSC1

    1.94 miles

  • Lot J

    2.04 miles

  • Lot J1

    2.10 miles

  • DoubleTree

    0.32 miles

  • Holiday Inn Binghamton Downtown

    0.44 miles

  • The Grand Royale Hotel

    0.52 miles

  • Red Roof Inn Binghamton North

    1.65 miles

  • Econo Lodge

    1.72 miles

  • Microtel Inn & Suites by Wyndham Binghamton

    1.72 miles

  • Residence Inn

    1.97 miles

  • Fairfield Inn Marriott

    2.12 miles

  • Quality Inn & Suites

    2.78 miles

  • Comfort Inn

    2.88 miles

  • Boscov's

    0.34 miles

  • A-1 Grocery & Halal Meat

    0.43 miles

  • Big Lots

    0.80 miles

  • Price Chopper

    0.91 miles

  • Plaza 5

    0.92 miles

  • Weis

    1.11 miles

  • Walmart Supercenter

    1.63 miles

  • Walmart

    1.71 miles

  • NOOR Halal Food & More

    1.84 miles

  • Dollar Depot

    2.06 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
James Lucenti

SVN | Innovative Commercial Advisors

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