BEDS6
BATHS2 full
SQUARE FEET2,506
MLS#S1665253
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNewell Place
SCHOOLBinghamton
Property Description
Turnkey 2-unit investment opportunity with strong income potential and upside. This property features two spacious 3-bedroom units, each with 1 bathroom, large living areas, and eat-in kitchens, making them highly rentable layouts for today's tenant demand. Both units offer separate utilities, allowing for clean expense management and improved cash flow. Current rents total $2,350/month, with both units on month-to-month leases, offering immediate flexibility for an investor to increase rents. Based on market conditions and unit size, there is potential to push rents closer to $2,600-$2,700/month, creating a stronger return and long-term value. Additional features include a full basement, off-street parking with a driveway and garage, and a convenient location near public transportation and local amenities. Whether you're looking to expand your portfolio or live in one unit while the other helps pay your mortgage, this property offers a solid opportunity at an attractive price point. 48-hour notice required due to tenants.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Garage: 1
Heating: Gas, Baseboard
Lot Size: 0.10 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $4,174
Year Built: 1900
Amenities
Fence
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 26
Exterior: Wood Siding
Fencing: Partial
Flooring: Carpet, Hardwood, Laminate, Tile, Varies
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 52X83
Parcel#: 030200-160-023-0003-032-000-0000
Parking: Paved, One Space
Parking Notes: Paved, One Space
Sewer: Connected
Units: 2
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Binghamton
Listed By / Shown By
Listing By
Agency Name: Gilbo Realty LLC
Agency Phone: 315-752-9513
Shown By
Agent Name: Sharon Ciminelli
Agent Phone: (716) 510-7489
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 889.04 per month $478.50 Principal & Interest $347.83 Property Tax $62.71 Homeowner's InsuranceChange Payment Information
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159 Murray Street | MLS# S1665253
This multi-family property located at 159 Murray Street, Binghamton, NY 13905 is currently listed for sale with an asking price of $215,000. Murray Street is located within the Binghamton school district. Search Binghamton real estate on www.sharonciminelli.com today.