13 Walnut Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The R-3-zoned property consists of two three-bedroom units and will be delivered vacant, providing a new owner with the opportunity to renovate and reposition the property. Offered at $255,000, or approximately $42,500 per bed, the property is priced below the approximately $60,000-per-bed average for stabilized student-housing properties in the market. Based on projected rents of $725 per bed per month, the stabilized pro forma estimates annual net operating income of $33,423, representing an approximate 13% capitalization rate at the asking price. This offering provides an attractive acquisition basis with meaningful potential for income growth and value creation.
For sale
$255,000
13 Walnut St, Binghamton, NY 13905
6beds
1,828sqft
Multi Family, Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$139/sqft
$-- HOA
What's special
Two three-bedroom units
- 2 days |
- 98 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
INNOVATIVE COMMERCIAL ADVISORS 607-203-1826,
Scott Warren
Source: GBMLS,MLS#: 337434
Originating MLS: Greater Binghamton Association of REALTORS
Originating MLS: Greater Binghamton Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Tile
Interior area
- Total interior livable area: 1,828 sqft
- Finished area above ground: 1,828
Video & virtual tour
Property
Parking
- Parking features: On Street
Features
- Patio & porch: Covered, Porch
- Exterior features: Porch
- Has view: Yes
Lot
- Size: 3,484 Square Feet
- Dimensions: 45 x 80
- Features: Garden, Views
Details
- Parcel number: 03020016004600030340000000
- Zoning: R-3
- Zoning description: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Family
- Property subtype: Multi Family, Apartment
Materials
- Other
- Foundation: Concrete Perimeter
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Binghamton
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $63,200
- Annual tax amount: $3,481
- Date on market: 8/11/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: OWNER
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $255,000$139/sqft |
Source:  GBMLS #337434 Report a problem | ||
| 5/9/2026 | Listing removed | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/8/2026 | Listed for rent | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/24/2025 | Listing removed | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/16/2025 | Listed for rent | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/27/2025 | Listing removed | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/7/2025 | Listed for rent | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/29/2025 | Listing removed | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/5/2025 | Listed for rent | $3,000-9.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/25/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/4/2023 | Listed for rent | $3,300+4.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/19/2022 | Listed for rent | $3,150$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/30/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/29/2022 | Listed for rent | $3,150+1.9%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/11/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/18/2022 | Listed for rent | $3,090+518%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/21/2019 | Listing removed | $500 |
Source: Zillow Rental Manager Report a problem | ||
| 10/18/2019 | Listed for rent | $500 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $63,200 |
| 2024 | -- | $63,200 |
| 2023 | -- | $63,200 |
| 2022 | -- | $63,200 |
| 2021 | -- | $63,200 |
| 2020 | -- | $63,200 |
| 2019 | -- | $63,200 |
| 2018 | -- | $63,200 |
| 2017 | $3,854 +12.9% | $63,200 |
| 2016 | $3,413 | $63,200 |
| 2015 | $3,413 | $63,200 |
| 2014 | $3,413 | $63,200 |
| 2013 | -- | $63,200 |
| 2012 | -- | $63,200 |
| 2011 | -- | $63,200 |
| 2010 | -- | $63,200 |
| 2009 | -- | $63,200 |
| 2008 | -- | $63,200 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 13905
Nearby schools
GreatSchools rating
- 4/10Horace Mann SchoolGrades: PK-5Distance: 0.4 mi
- 3/10West Middle SchoolGrades: PK,6-8Distance: 0.7 mi
- 3/10Binghamton High SchoolGrades: PK,9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Horace Mann
- District: Binghamton
Source: GBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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