Westside Multifamily 4+ Fully Occupied
Multifamily
Marketing description
Fully rented 6-unit multifamily located on the West Side of Binghamton, just minutes to downtown, Rec Park, and within walking distance to several restaurants and neighborhood amenities & bus line. This well-maintained property features six one-bedroom units with separate electric meters, helping to keep ownership simple and expenses manageable. Current rental income totals $4,010 per month ($48,120 annually). Annual taxes are reasonable $5,496, and insurance is $1,458, offering a solid income foundation in a consistently strong rental area. Owned and cared for by a local landlord, the building has a steady rental history and is fully occupied, making this a great opportunity for someone looking to step into a stabilized, income-producing property in a prime West Side location.
Investment highlights
100% occupied with immediate, reliable cash flow
Separate electric meters help keep owner expenses low
Located in a strong West Side rental area with consistent demand
Well maintained by a local owner
Additional upside remains through future rent increases, light updates, or improved operations—offering steady income today with room to grow over time
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