24 Mather Street, Binghamton, NY 13905
City/Binghamton · Broome County
Key Facts
Description
This 3-family property presents a high-impact value-add opportunity in a proven student housing market, located within the R3 zoning district allowing for this use. Configured for 18–20 bedrooms, the asset supports a scalable per-bed rental model. Projected gross income of approximately $140,000 to $156,000 annually, based on $650 per bedroom, with additional income potential from washers and dryers. The property features a strong existing layout, having historically operated as a student rental, with clear upside through higher-end renovations and finishes to drive rent growth. Ownership has begun improvements, including new, upgraded electrical/panel and brand-new tile and renovation materials are already on-site and included in the sale, reducing upfront capital. A large basement, previously used as a common area with a bar, can be restored as a shared tenant space, further enhancing appeal, retention, and overall NOI growth potential. Call today!
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Style
MultiFamily
Year Built
1917
Living Area
6,654 sq ft
Lot Dimensions
49 x 165 ft
Ownership
OWNER
Zoning
R3
Days on Market
69
MLS® Listing#
335681
Property Features
- Appliances:
- Gas Water Heater
- Cooling:
- None
- Heating:
- Steam
- Flooring:
- Hardwood, Tile
- Parking:
- Driveway
- Patio:
- Porch, Covered
- Lot Features:
- Level
- Construction:
- Stucco
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- Elementary:
- Thomas Jefferson
HOA & Tax
- Annual Tax:
- $6,513
- Assessed Value:
- $100,000
- Parcel #:
- 030200-160-031-0001-030-000-0000
Directions
Main Street to Mather
Affordability Calculator
$47,800
Estimated monthly payment
$1,272/mo
Principal $191,200 · Est. interest $266,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Binghamton, NY
- $218,280
- Median Listing Price
- 38
- Median Days on Market
- 2,042
- Median Sq Ft
- $105
- Median Price / Sq Ft
- 237
- Active Listings
- This home’s price is 9% above the area median.
- Its price per sq ft is 66% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Binghamton, NY.
Location
- 24 Mather Street, Binghamton, NY 13905
Nearby Schools
Seton Catholic Central
Elementary · 0.4 mi away
Binghamton High School
Secondary · 0.4 mi away
Horace Mann School
Elementary · 0.4 mi away
Roy Ettinger School
Secondary · 0.7 mi away
West Middle School
Secondary · 0.8 mi away
Thomas Jefferson School
Elementary · 0.8 mi away
Woodrow Wilson School
Elementary · 1.1 mi away
Binghamton City School District
School · 1.1 mi away
Columbus School
School · 1.1 mi away
MacArthur School
Elementary · 1.1 mi away
St John the Evangelist School
School · 1.2 mi away
St James School
School · 1.6 mi away
Theodore Roosevelt Elementary School
Elementary · 1.6 mi away
Hillel Academy
School · 1.7 mi away
Binghamton City School District
Elementary · 1.8 mi away
Career & Technical High School
Secondary · 1.9 mi away
Broome-Tioga Boces
School · 1.9 mi away
Champions at Vestal Hills Elementary School
Elementary · 2.0 mi away
Vestal Hills Elementary School
Elementary · 2.0 mi away
East Middle School
Secondary · 2.0 mi away
Commute Calculator
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EXIT Agents in Binghamton
Listing Courtesy: INNOVATIVE COMMERCIAL ADVISORS - 6072031826
Fair Housing Notice