
Listed by Elmira-Howard Hanna Real Estate Services Inc
$949,000
5 Mather Street
Details
Property Type Multifamily
Sub Type Student Housing, Commercial
Square Footage 8,556
Units 12
Year Built 1965
Stories 3
Multifamily | 12 Units
Marketing description
One of Binghamton's most proven West Side student housing addresses. 5 Mather Street sits in the heart of the R-3 student housing district — steps from Main Street, Downtown, and SUNY bus lines serving Binghamton University directly. Nine units across 8,556 SF with a by-the-room leasing model on three-bedroom units that maximizes per-unit revenue. Six 1-bedroom units and three 3-bedroom units, two boilers, three water heaters, six electric meters, and two sets of in-building laundry in place. Zoned for 12 units with expansion potential already infrastructures for 6 additional bedrooms. On-site maintenance conveying. Strong cap rate. 72-hour advance notice required. Proof of funds or pre-qualification required to schedule. Call listing agent for full offering memorandum.
Investment highlights
- Taxes: $17,549.00
- No cooling
- Stucco exterior
- Lot acreage is: 0.19
- Lot dimension is: 44 x 170
- Lot zoned: multi 12 unit
- Present use: Multi-Family
- Road surface: Asphalt
- Road frontage: City Street
- Public sewer
- Public water
- Video: https://www.propertypanorama.com/instaview/gbar/335551#tour
Listing Contacts

Listed by Elmira-Howard Hanna Real Estate Services Inc
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