12.5 Franklin St, Binghamton, NY 13905
Broome County
Key Facts
Description
Investor opportunity in a convenient Binghamton location with easy access to NY-17/I-86 and Front Street. This fully occupied 2-unit property features two 2-bedroom apartments, each rented at $1,050 per month, providing immediate and stable cash flow from day one. With a current cap rate of approximately 12.3%, this property offers strong returns for both new and seasoned investors. The property includes separate heating systems, with one furnace located in the attic. A straightforward investment with solid income, strong cash flow, and a desirable location close to major transportation routes, shopping, and employment centers.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1900
Living Area
1,848 sq ft
Lot Dimensions
25x90ft
Ownership
OWNER
Zoning
Res one & Res two
Days on Market
32
MLS® Listing#
336409
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Woodrow Wilson
Financial Details
Annual Taxes
$1,954
Assessed Value
$30,000
Directions
Front St to Franklin St
Affordability Calculator
$25,000
Estimated monthly payment
$665/mo
Principal $100,000 · Est. interest $139,509 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Binghamton, NY
- $215,306
- Median Listing Price
- 35
- Median Days on Market
- 2,020
- Median Sq Ft
- $105
- Median Price / Sq Ft
- 249
- Active Listings
- This home’s price is 42% below the area median.
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Binghamton, NY.
Location
- 12.5 Franklin St, Binghamton, NY 13905
Getting Around
Points of Interest in Binghamton, NY
Showing the Binghamton area map.
Nearby Schools
Roy Ettinger School
Secondary · 0.8 mi away
Theodore Roosevelt Elementary School
Elementary · 0.8 mi away
Binghamton City School District
School · 0.9 mi away
Columbus School
School · 0.9 mi away
Binghamton High School
Secondary · 1.0 mi away
Seton Catholic Central
Elementary · 1.2 mi away
Horace Mann School
Elementary · 1.2 mi away
Woodrow Wilson School
Elementary · 1.3 mi away
East Middle School
Secondary · 1.3 mi away
St John the Evangelist School
School · 1.4 mi away
Thomas Jefferson School
Elementary · 1.5 mi away
Binghamton City School District
Elementary · 1.6 mi away
West Middle School
Secondary · 1.6 mi away
Career & Technical High School
Secondary · 1.6 mi away
Binghamton City School Dist
School · 1.6 mi away
Calvin Coolidge School
Elementary · 1.6 mi away
Broome-Tioga Boces
School · 1.7 mi away
MacArthur School
Elementary · 1.7 mi away
St James School
School · 2.0 mi away
Port Dickinson Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6 Riverside Street, Binghamton, NY | $89,000 | 3 | 2 | 1,386 |
| 6 Hancock Street, Binghamton, NY | $90,000 | 4 | 2 | 1,340 |
| 164 Broad Avenue, Binghamton, NY | $94,900 | 6 | — | 3,005 |
| 47 Lydia Street, Binghamton, NY | $95,000 | 4 | — | 1,952 |
| 7 Riverside Street, Binghamton, NY | $99,900 | 3 | 1 | 1,416 |
| 34 Pearne Street, Binghamton, NY | $100,000 | 6 | — | 1,999 |
Moving Cost Estimate
EXIT Agents in Binghamton
Listing Courtesy: INNOVATIVE COMMERCIAL ADVISORS - 6072031826
Fair Housing Notice