Listed by SVN Innovative Commercial Advisors
$770,000
7 Tremont Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,712
Units 12
Cap Rate 8.23%
NOI $67,898
Price per SqFt $144
Year Built 1965
Lot Size (SqFt) 6,922
Zoning R3
Multifamily | 12 Units | $68,750/unit
Marketing description
Now available for sale, this solid brick 12-unit building is located in
Binghamton's sought-after West Side. Positioned just across from the
State Street Bridge interchange, the property offers fast and convenient
access to Downtown Binghamton and major highway connections.
Residents will enjoy being within walking distance of the picturesque
South Side Veterans Park, the Exchange Street Bridge, and the vibrant
downtown area, with its diverse shops, restaurants, and amenities.
Located in an R3 Zone and approved for student housing, this property
benefits from a high demand in a versatile location. Featuring 12 onebedroom units with off-street parking, it is perfectly suited for students
or young professionals seeking both convenience and comfort. Recent
renovations have enhanced both the building and individual units, making
this a turnkey investment opportunity in a high-demand rental market.
Investment highlights
- Solid brick 12-unit building in Binghamton's West Side.
- Prime location with quick access to Downtown and major highways.
- Walking distance to parks, Exchange Street Bridge, and downtown amenities.
- Zoned R3, approved for student housing.
- 12 one-bedroom units with off-street parking.
- Recent renovations enhance building and units, strong rental demand.
Listing Contacts
Listed by SVN Innovative Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,898.00
$5,658.17/mo
Valuation Metrics
0
DSCR
8.82%
Cap Rate
8.82%
ROI
Map
Zoning
R-3 ResidentialMulti FamilyResidential Multi Unit Dwelling
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
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View all 14 uses
View all 14 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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