36 & 36.5 Fayette Street | 18 Bedrooms
Multifamily
Marketing description
Excellent opportunity to acquire a stabilized multifamily investment in the heart of Downtown Binghamton. This offering consists of two separate buildings totaling 11 fully occupied apartment units and generating $10,325 in monthly rental income.
The property has benefited from significant capital improvements, including newer roofs installed in 2019 and 2025, along with numerous interior updates throughout the portfolio. Ownership has upgraded flooring, kitchens, bathrooms, and appliances in many units, enhancing tenant appeal and supporting long-term occupancy.
Operational efficiency is improved through separate electric meters, with tenants responsible for their own electric service. The property has demonstrated a strong occupancy history and consistent rental performance.
Ideally located near Downtown Binghamton employers, public transportation, restaurants, entertainment venues, and Mirabito Stadium, the asset is positioned within one of the area’s most active rental corridors. This is an opportunity to acquire a well-maintained, cash-flowing multifamily investment with proven income, recent improvements, and long-term upside potential.
Investment highlights
- 11 Fully Occupied Apartment Units across two separate buildings
- $10,325 Monthly Rental Income ($123,900 Annual Gross Income)
- Strong Occupancy History with consistent rental performance
- Separate Electric Meters with electric paid by tenants
- Recent Capital Improvements including newer roofs installed in 2019 and 2025
- Numerous Interior Updates including flooring, kitchens, bathrooms, and appliances
- Well-Maintained Asset with long-term ownership and ongoing improvements
- Prime Downtown Binghamton Location near employers, public transportation, dining, entertainment, and Mirabito Stadium
- Operationally Efficient Investment with reduced owner utility expenses
- Immediate Cash Flow from a stabilized, income-producing multifamily asset
- Long-Term Upside Potential through continued rent growth and market appreciation
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