Listed by Sall Associates, Ltd
$638,000
32 Seminary Avenue
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 3,908
Units 2
Cap Rate 11.50%
NOI $76,024
Occupancy 100%
Lease Expiration 05/25/2027
Year Built 1929
Buildings 1
Lot Size (SqFt) 5,298
Lease Commencement 06/01/2026
Ground Lease No
11.5 Cap rate. Rented through May 2027
Marketing description
Welcome to 32 Seminary Ave. This is an exceptionally well maintained & updated 11 Bedroom Duplex, located within the heart of the student zone of Binghamton! Updated throughout with new kitchens, bathrooms, hardwood floors & freshly painted. Large living rooms, a beautifully finished attic as a bonus room! This property is rented through May 2027, providing immediate and stable cash flow. Tenants pay all utilities, water, sewer, gas & electric. This is a rare opportunity to acquire a high performing, low maintenance student rental in a prime location! Beautifully situated at an 11.5% cap rate!!
Investment highlights
11 Bedrooms, 5 full bathrooms. Monthly rent is $7,510 tenants pay all utilities
Rented through 2027
Listing Contacts
Listed by Sall Associates, Ltd
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,024.00
$6,335.33/mo
Valuation Metrics
0
DSCR
11.92%
Cap Rate
11.92%
ROI
Map
Zoning
R-3 ResidentialMulti FamilyResidential Multi Unit Dwelling
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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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