For sale

Price cut: $9K (8/13)

$340,000

116 Murray St, Binghamton, NY 13905

8beds

4baths

3,605sqft

Multi Family, Apartment

Built in 1905

-- sqft lot

$-- Zestimate^®

$94/sqft

$-- HOA

What's special

116 Murray Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The property will be delivered vacant and sold in as-is condition, allowing a new owner to renovate and lease the property according to their investment strategy. Offered at approximately $42,500 per bed, it is priced below the approximately $60,000-per-bed benchmark for well-maintained and fully occupied student properties in the West Side market. Once renovated and stabilized at a projected market rent of approximately $700 per bed, the pro forma estimates annual net operating income of $39,111, representing an approximate 11.5% capitalization rate at the asking price. This offering provides investors with an attractive acquisition basis and meaningful potential for income growth and value creation.

1 day

81

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Baseboard

Cooling

Central Air

Appliances

Included: Gas Water Heater

Features

Flooring: Carpet, Hardwood, Tile, Vinyl

Interior area

Total interior livable area: 3,605 sqft
Finished area above ground: 3,605

Video & virtual tour

Property

Parking

Parking features: Driveway

Lot

Size: 10,454 Square Feet
Dimensions: 79 x 120
Features: Level

Details

Parcel number: 03020016003900030490000000
Zoning: R-3
Zoning description: R-3

Construction

Type & style

Home type: MultiFamily
Architectural style: Multi-Family
Property subtype: Multi Family, Apartment

Materials

Other, Vinyl Siding
Foundation: Basement

Condition

Year built: 1905

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Subdivision: Lewis St John Farm

Location

Region: Binghamton

Financial & listing details

Price per square foot: $94/sqft
Tax assessed value: $247,191
Annual tax amount: $7,162
Date on market: 8/11/2026
Listing agreement: Exclusive Right To Sell
Ownership: OWNER

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/13/2026	Price change	$340,000-2.6%$94/sqft
Source: GBMLS #337432 Report a problem
3/1/2026	Listed for sale	$349,000+50.4%$97/sqft
Source: GBMLS #334868 Report a problem
6/10/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/18/2022	Listed for rent	$4,500+757.1%$1/sqft
Source: Zillow Rental Manager Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
10/3/2019	Listing removed	$525
Source: Owner Report a problem
9/2/2019	Listed for rent	$525+5%
Source: Owner Report a problem
10/6/2018	Listing removed	$500
Source: Owner Report a problem
9/4/2018	Listed for rent	$500
Source: Owner Report a problem
9/1/2015	Sold	$232,000+107.1%$64/sqft
Source: Public Record Report a problem
1/6/2011	Sold	$112,000+1.8%$31/sqft
Source: Agent Provided Report a problem
11/14/2010	Price change	$110,000-20.9%$31/sqft
Source: Showcase Technologies #173557 Report a problem
7/21/2010	Listed for sale	$139,000$39/sqft
Source: Showcase Technologies #173557 Report a problem
4/28/2010	Listing removed	$139,000$39/sqft
Source: EXIT REALTY HOMEWARD BOUND #173557 Report a problem
2/26/2010	Listed for sale	$139,000$39/sqft
Source: EXIT REALTY HOMEWARD BOUND #173557 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$110,000
2024	--	$110,000
2023	--	$110,000
2022	--	$110,000
2021	--	$110,000
2020	--	$110,000
2019	--	$110,000
2018	--	$110,000
2017	$6,708 +12.9%	$110,000
2016	$5,941	$110,000
2015	$5,941	$110,000
2014	$5,941	$110,000
2013	--	$110,000
2012	--	$110,000
2011	--	$110,000
2010	--	$110,000
2009	--	$110,000