SQUARE FEET7,820
MLS#R1702552
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLBinghamton
Property Description
Turn-key investment opportunity! Excellent 8-unit multi-family property featuring eight individual 1-bedroom apartments with a strong Net Operating Income of $65,647 after expenses. Landlord utility expenses (water, sewer, and common electric) total just $2,852/year. The building offers plenty of off-street parking behind the building for each tenant and is designed for low-friction management, featuring 9 separate electric meters (8 tenant-paid, 1 landlord meter for common spaces). Additional income stream provided by on-site coin-operated laundry facilities generating approximately $2,000/year ($500/qtr). Security-enabled building features a locked front entry with postal key access, plus a remote-viewable security camera system that transfers to the new owner. Well-maintained property with a solid rental history, established rental schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. Perfect addition to any portfolio!
Property Features
Property Type: Commercial - Business
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.19 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $11,049
Year Built: 1960
Feature Descriptions
Days on Site: 27
Exterior: Concrete
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 66X126
Parcel#: 030200-160-031-0002-007-000-0000
Sewer: Public Sewer
Units: 8
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Binghamton
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty Southern Tier & Finger Lakes
Agency Phone: (607) 795-2900
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 08/25/2026. The listing information on this page last changed on 08/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 08/25/2026 12:01:35 AM EST) or GSMLS (last updated Mon 08/24/2026 11:54:11 PM EST) or SMART MLS (last updated Mon 08/24/2026 10:58:24 PM EST) or New York State Alliance MLS (last updated Mon 08/24/2026 11:59:00 PM EST) or Hudson Valley Catskill Region MLS (last updated Mon 08/24/2026 11:51:14 PM EST) or My State MLS (last updated Mon 08/24/2026 11:30:14 PM EST) or Berkshire MLS (last updated Mon 08/24/2026 8:13:08 PM EST) or OneKey MLS (last updated Mon 08/24/2026 11:53:21 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Choice Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
175 Chapin Street | MLS# R1702552
This commercial property located at 175 Chapin Street, Binghamton, NY 13905 is currently listed for sale with an asking price of $730,000. Chapin Street is located within the Binghamton school district. Search Binghamton real estate on www.coldwellbankerchoice.com today.