159 Murray Street, Binghamton, NY 13905
Newell Place · Broome County
Key Facts
Description
Turnkey 2-unit investment opportunity with strong income and clear upside potential. This property features two spacious 3-bedroom, 1-bath units with separate utilities, making it ideal for clean expense management and improved cash flow. Current rents total $2,550/month, with the downstairs unit at $1,200 and the upstairs unit at $1,350. Both tenants are on month-to-month leases, providing immediate flexibility for an investor to adjust rents and increase returns. Additional features include a full basement, off-street parking with a driveway and garage, and a convenient location near public transportation and local amenities. Whether you’re looking to expand your portfolio or implement a value-add strategy, this property offers a solid foundation with built-in upside at an attractive price point. 48-hour notice required due to tenants.
Property Information
Property Type
Residential
Sub-Type
Multi Family
Year Built
1900
Stories
2
Living Area
2,506 sq ft
Lot Size
0.10 acres
Lot Dimensions
52X83
Garage Spaces
1
Days on Market
57
MLS® Listing#
S1665253
Property Features
- Appliances:
- Gas Water Heater
- Heating:
- Natural Gas, Baseboard
- Flooring:
- Carpet, Hardwood, Laminate, Tile, Varies
- Basement:
- Full
- Parking:
- Paved
- Fencing:
- Partial
- Lot Features:
- Near Public Transit, Rectangular Lot
- Construction:
- Wood Siding
- Roof:
- Asphalt, Shingle
- Utilities:
- Electricity Connected, Sewer Connected, Water Connected
- Water Source:
- Public
Financial Details
Annual Taxes
$4,174
Assessed Value
$63,400
Parcel Number
030200-160-023-0003-032-000-0000
Affordability Calculator
$43,000
Estimated monthly payment
$1,144/mo
Principal $172,000 · Est. interest $239,955 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 2% below the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Binghamton, NY.
Location
- 159 Murray Street, Binghamton, NY 13905
Points of Interest in Binghamton, NY
Showing the Binghamton area map.
Nearby Schools
Binghamton High School
Secondary · 0.4 mi away
Seton Catholic Central
Elementary · 0.6 mi away
Roy Ettinger School
Secondary · 0.6 mi away
Horace Mann School
Elementary · 0.6 mi away
Binghamton City School District
School · 0.9 mi away
Columbus School
School · 0.9 mi away
West Middle School
Secondary · 1.0 mi away
Thomas Jefferson School
Elementary · 1.0 mi away
St John the Evangelist School
School · 1.1 mi away
MacArthur School
Elementary · 1.1 mi away
Woodrow Wilson School
Elementary · 1.2 mi away
Theodore Roosevelt Elementary School
Elementary · 1.4 mi away
Binghamton City School District
Elementary · 1.6 mi away
St James School
School · 1.7 mi away
East Middle School
Secondary · 1.8 mi away
Hillel Academy
School · 1.9 mi away
Career & Technical High School
Secondary · 1.9 mi away
Broome-Tioga Boces
School · 1.9 mi away
Binghamton City School Dist
School · 2.1 mi away
Calvin Coolidge School
Elementary · 2.1 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 |
|---|---|---|---|---|
| 20 Cypress St, Binghamton, NY | $159,000 | 5 | — | 2,291 |
| 20 Abbott Street Street, Binghamton, NY | $159,000 | 5 | — | 2,006 |
| 465 Chenango Street, Binghamton, NY | $159,000 | 5 | — | 1,938 |
| 11 Burton Avenue, Binghamton, NY | $159,000 | 5 | — | 2,424 |
| 45 Gerard Avenue, Binghamton, NY | $165,000 | 8 | — | 2,294 |
| 6 Chamberlain Street, Binghamton, NY | $175,000 | 6 | — | 1,904 |
Moving Cost Estimate
EXIT Agents in Binghamton
Listing Courtesy: Gilbo Realty LLC - 3157529513
Presented by: Shawn Cregg
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable by is not guaranteed accurate by the MLS.
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Fair Housing NoticeLast Updated: 2026-03-06