296 Main Street

Binghamton, NY 13905

$612,000
Last Sold Price
21
Beds
13,548 Sq. Ft.
$45 / Sq. Ft.
13,548
Sq. Ft.
$45
per Sq. Ft.

Closed 2/28/25

Closed 2/28/25

Description

Exceptional investment opportunity: this 9-unit complex with 21 beds across two buildings is located on a prime section of Main Street, Binghamton, directly across from a new commercial development. With strong rental demand, high visibility, and direct access to public and student bus lines, it boasts a walkability score of 79 and is within walking distance to restaurants, shops, and amenities. The main building has six spacious 3-bedroom units, while the rear duplex offers two 1-bedroom units....Exceptional investment opportunity: this 9-unit complex with 21 beds across two buildings is located on a prime section of Main Street, Binghamton, directly across from a new commercial development. With strong rental demand, high visibility, and direct access to public and student bus lines, it boasts a walkability score of 79 and is within walking distance to restaurants, shops, and amenities. The main building has six spacious 3-bedroom units, while the rear duplex offers two 1-bedroom units. With commercial zoning, ample off-street parking, and separate utilities, this property is ideal for multifamily or student housing.
  1. Listed by Scott Warren • INNOVATIVE COMMERCIAL ADVISORS

Property Details for 296 Main Street

Architectural Style
MultiFamily
Zoning
SC
LISTING UPDATED: 02/28/2025 05:59 PM

Property Details for 296 Main Street

StatusClosed
MLS #327402
Days on Market63
Taxes$11,491 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1930
CountyBroome County

Building Information for 296 Main Street

Building/Complex296 Main StFloor-Stories-Residences9Pet Policy-Pet Policy Details-Year Built1930Building Size-

Property Information for 296 Main Street

Summary
Location and General Information
  • City: Binghamton
  • County Or Parish: Broome
  • Directions: Main St right across from new City Church formerly Giant Plaza.
  • Postal City: Binghamton
  • Township: Binghamton
  • State Or Province: NY
  • MLS Area Major: Area 03
  • Postal Code: 13905
  • Zoning Description: SC
Taxes and HOA Information
  • Parcel Number: 030200-143-076-0001-053-000-0000
  • Tax Annual Amount: $11,491.00
  • Tax Assessed Value: $190,476.00
  • Tax Book Number: 143.76-1-53
School Information
  • Elementary School: Thomas Jefferson
  • Elementary School District: Binghamton
  • High School District: Binghamton
  • Middle Or Junior School District: Binghamton
Parking
  • Garage Spaces: .00
  • Garage: No
  • Parking Features: Driveway
Property
Lot Information
  • Above Grade Finished Area: 13548.0
  • Living Area: 13548.0
  • Lot Features: Level
  • Lot Size Dimensions: 50x210
Property and Assessments
  • Sign On Property: No
  • Year Built: 1930
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: ResidentialIncome
  • Construction Materials: Stucco
Utilities
  • Sewer: PublicSewer
  • Utilities: CableAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Basement
Interior Features
  • Appliances: GasWaterHeater
  • Cooling: CeilingFans
  • Flooring: Carpet, Hardwood, Tile
  • Heating: Baseboard
  • Heating: Yes
  • Bathrooms Full: 9
  • Bedrooms Total: 21
Room Information
Room 1
  • HumanModified: No
Room 2
  • HumanModified: No
Room 3
  • HumanModified: No
Room 4
  • HumanModified: No
Room 5
  • HumanModified: No
Room 6
  • HumanModified: No
Room 7
  • HumanModified: No
Room 8
  • HumanModified: No
Room 9
  • HumanModified: No
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Total: 9
Income & Expenses Information
  • Fuel Expense: $8,202.00
  • Gross Income: $91,332.00
  • Insurance Expense: $2,350.00
  • Electric Expense: $825.00
  • Net Operating Income: $52,379.00
Unit 1
  • Actual Rent: $.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $.00
Unit 2
  • Actual Rent: $685.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $685.00
Unit 3
  • Actual Rent: $700.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $700.00
Unit 4
  • Actual Rent: $930.00
  • Baths Total: 1
  • Beds Total: 3
  • Total Rent: $930.00
Unit 5
  • Actual Rent: $945.00
  • Baths Total: 1
  • Beds Total: 3
  • Total Rent: $945.00
Unit 6
  • Actual Rent: $1,100.00
  • Baths Total: 1
  • Beds Total: 3
  • Total Rent: $1,100.00
Unit 7
  • Actual Rent: $1,000.00
  • Baths Total: 1
  • Beds Total: 3
  • Total Rent: $1,000.00
Unit 8
  • Actual Rent: $.00
  • Baths Total: 1
  • Beds Total: 3
  • Total Rent: $.00
Unit 9
  • Actual Rent: $890.00
  • Baths Total: 1
  • Beds Total: 3
  • Total Rent: $890.00
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 296 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 296 Main Street

Taxable ValueLand$78,100Additions$41,900Total$120,000
Home Facts
Baths2Total Finished SqFt7,932 SqFtAbove Grade Finished SqFt7,932 SqFtStories3Lot Size17,860 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyBROOMEAPN030200 143.76-1-53

Schools near 296 Main Street

This home is within Binghamton City School District.
Rating
School
Type
Grades
Distance
Thomas Jefferson School
Public - K to 5
West Middle School
Public - 6 to 8
Binghamton High School
Public - 9 to 12
The Crescent Academy
Private - PK to 5
Rating
School
Distance
Thomas Jefferson School
PublicK to 5

West Middle School
Public6 to 8

Binghamton High School
Public9 to 12

The Crescent Academy
PrivatePK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Westside Binghamton

Neighborhoods

Cities

ZIPs

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of INNOVATIVE COMMERCIAL ADVISORS

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.