Binghamton 4Rent Student Housing

139 Murray Street, Binghamton, NY 13905

  • For Sale $829,000
  • 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 31, 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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • • Fully Renovated: Updated kitchens with granite countertops, stainless steel appliances, and modern finishes throughout.
  • • Convenient Living: Fully furnished 3-bedroom and studio 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: 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!

Contacts

broker

SVN | Innovative Commercial Advisors

Location

Getting Around

  • Walk Score ®

    72/100 Very Walkable
  • Bike Score ®

    74/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • River Bistro

    0.31 miles

  • Citrea

    0.32 miles

  • Nirchi's Pizza

    0.37 miles

  • Subway

    0.40 miles

  • Currys of India

    0.42 miles

  • Craft Bar + Kitchen

    0.43 miles

  • Courtside Bar and Grill

    0.45 miles

  • Burger Mondays

    0.46 miles

  • Iron Agave

    0.46 miles

  • Chris' Diner

    0.46 miles

  • Daniel S Dickinson School

    0.35 miles

  • Roberson Memorial Center

    0.37 miles

  • Seton Catholic Central High School

    0.49 miles

  • Binghamton University Downtown Center

    0.51 miles

  • Horace Mann Elementary School

    0.55 miles

  • Chester B Lord School for Handicapped Children

    0.78 miles

  • Saint Mary's School

    0.83 miles

  • Saint Paul's Parochial School

    0.89 miles

  • Christopher Columbus Public School

    0.91 miles

  • Edison School

    0.92 miles

  • Lourdes Childcare Center

    0.97 miles

  • ABC Child Care & Learning Center

    5.20 miles

  • Tutor Time

    6.21 miles

  • First Presbyerian Nursery School

    6.42 miles

Frequently Asked Questions

How much does Binghamton 4Rent Student Housing cost?

The space currently listed for sale at Binghamton 4Rent Student Housing asks for $829,000.

What is the total square footage of Binghamton 4Rent Student Housing?

Binghamton 4Rent Student Housing totals 8,134 square feet.

When was this property built?

Binghamton 4Rent Student Housing was built in 1960.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker

SVN | Innovative Commercial Advisors

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.