11 Walnut St Binghamton, NY 13905
West Side NeighborhoodEstimated payment $1,910/month
Highlights
- Wood Flooring
- Baseboard Heating
- Level Lot
About This Home
Fully occupied student housing investment on Binghamton’s West Side within R-3 zoning, supporting higher density residential use. Property consists of two units, each configured as a 3-bedroom, 1 bath layout. Located south of Main Street in an established student corridor with access to Downtown amenities and university bus routes. Leases for next semester secured at $700 per bed, supporting an 11.03% cap rate based on current expenses. Proven rental demand and consistent occupancy. The West Side remains one of the most reliable off-campus housing locations serving Binghamton University, supporting strong leasing performance and long-term rental stability.
Listing Agent
INNOVATIVE COMMERCIAL ADVISORS License #10491212432 Listed on: 02/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,582
Year Built
- Built in 1921
Lot Details
- Level Lot
Parking
- Driveway
Home Design
- 2,044 Sq Ft Home
- Aluminum Siding
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Schools
- Horace Mann Elementary School
Utilities
- No Cooling
- Baseboard Heating
- Gas Water Heater
- Cable TV Available
Additional Features
- Basement
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Insurance Expense $1,286
- Net Operating Income $32,982
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,421 | $55,000 | $16,700 | $38,300 |
| 2024 | $5,421 | $55,000 | $16,700 | $38,300 |
| 2023 | $5,322 | $55,000 | $16,700 | $38,300 |
| 2022 | $5,197 | $55,000 | $16,700 | $38,300 |
| 2021 | $5,138 | $55,000 | $16,700 | $38,300 |
| 2020 | $3,398 | $55,000 | $16,700 | $38,300 |
| 2019 | $1,734 | $55,000 | $16,700 | $38,300 |
| 2018 | $3,313 | $55,000 | $16,700 | $38,300 |
| 2017 | $3,330 | $55,000 | $16,700 | $38,300 |
| 2016 | $3,343 | $55,000 | $16,700 | $38,300 |
| 2015 | $2,971 | $55,000 | $16,700 | $38,300 |
| 2014 | $2,971 | $55,000 | $16,700 | $38,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/06/2026 04/06/26 | Pending | -- | -- | -- |
| 02/26/2026 02/26/26 | For Sale | $299,000 | -- | $146 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,685,500 | Old Republic National Title | |
| Deed | $50,000 | None Available | |
| Deed | $49,500 | Peter A Gorton | |
| Quit Claim Deed | -- | Peter A Gorton | |
| Deed | $32,250 | Richard Allen |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $39,600 | New Conventional |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 334844
APN: 030200-160-046-0003-035-000-0000
Ask me questions while you tour the home.