257 Washington St Binghamton, NY 13901
Downtown Binghamton NeighborhoodEstimated payment $15,747/month
Highlights
- Cathedral Ceiling
- Forced Air Heating and Cooling System
- Level Lot
- Wood Flooring
About This Home
Introducing a prime investment opportunity at 257 Washington St, Binghamton, NY, 13901. This historic 1926 building boasts 12,544 SF of space, featuring 20 units tailored for modern living. Zoned CI and strategically positioned in the Binghamton MSA area, this property offers immense potential for a savvy Multifamily / Mid-Rise investor. With 11 units finished and leased, this is an excellent value-add opportunity.
This building has undergone significant high-end upgrades, including automatic locks on all doors, separate utilities, separate HVAC for all units, an elevator, a security system, and a fully sprinklered interior. Additionally, historical tax credits are available, offering valuable financial incentives for investors. The sale also includes all on-site equipment needed to complete the project. Don't miss out on this rare chance to invest in a property with such promising potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $68,470
Year Built
- Built in 1926
Lot Details
- Level Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 24 Bedrooms
- 6,612 Sq Ft Home
- Cathedral Ceiling
- Walk-Out Basement
Flooring
- Wood
- Tile
Schools
- Macarthur Elementary School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
- Cable TV Available
Community Details
- 13 Separate Electric Meters
- 1 Separate Gas Meter
- Insurance Expense $5,400
Listing and Financial Details
- Assessor Parcel Number 030200-160-033-0001-007-000-0000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2025 02/06/25 | For Sale | $1,799,000 | 0.0% | $272 / Sq Ft |
| 12/01/2024 12/01/24 | Off Market | $1,375 | -- | -- |
| 12/02/2023 12/02/23 | Price Changed | $1,375 | +3.8% | $4 / Sq Ft |
| 12/01/2023 12/01/23 | For Rent | $1,325 | -11.7% | -- |
| 05/03/2021 05/03/21 | For Rent | $1,500 | -91.4% | -- |
| 05/03/2021 05/03/21 | Rented | $17,400 | +92.9% | -- |
| 03/22/2021 03/22/21 | Rented | $9,020 | +501.3% | -- |
| 02/20/2021 02/20/21 | Under Contract | -- | -- | -- |
| 01/29/2021 01/29/21 | For Rent | $1,500 | -25.0% | -- |
| 07/29/2020 07/29/20 | Rented | $2,000 | -16.7% | -- |
| 06/29/2020 06/29/20 | Under Contract | -- | -- | -- |
| 06/09/2020 06/09/20 | For Rent | $2,400 | 0.0% | -- |
| 03/24/2020 03/24/20 | For Rent | $2,400 | -91.9% | -- |
| 03/24/2020 03/24/20 | Rented | $29,600 | -6.8% | -- |
| 03/16/2020 03/16/20 | Rented | $31,750 | +1343.2% | -- |
| 02/15/2020 02/15/20 | Under Contract | -- | -- | -- |
| 11/29/2019 11/29/19 | For Rent | $2,200 | -86.8% | -- |
| 08/08/2019 08/08/19 | Rented | $16,680 | +19.8% | -- |
| 07/09/2019 07/09/19 | Under Contract | -- | -- | -- |
| 05/31/2019 05/31/19 | Rented | $13,920 | +1060.0% | -- |
| 05/29/2019 05/29/19 | For Rent | $1,200 | -89.7% | -- |
| 05/09/2019 05/09/19 | Rented | $11,690 | -40.2% | -- |
| 05/09/2019 05/09/19 | Rented | $19,560 | -19.5% | -- |
| 05/09/2019 05/09/19 | Rented | $24,300 | +1333.6% | -- |
| 05/01/2019 05/01/19 | Under Contract | -- | -- | -- |
| 04/09/2019 04/09/19 | Under Contract | -- | -- | -- |
| 04/09/2019 04/09/19 | Under Contract | -- | -- | -- |
| 04/09/2019 04/09/19 | Under Contract | -- | -- | -- |
| 03/21/2019 03/21/19 | For Rent | $1,695 | +16.1% | -- |
| 02/19/2019 02/19/19 | For Rent | $1,460 | +21.7% | -- |
| 12/26/2018 12/26/18 | For Rent | $1,200 | -95.0% | -- |
| 11/28/2018 11/28/18 | Rented | $24,000 | +25.0% | -- |
| 10/29/2018 10/29/18 | Under Contract | -- | -- | -- |
| 07/24/2018 07/24/18 | Rented | $19,200 | -36.0% | -- |
| 06/28/2018 06/28/18 | Rented | $30,000 | +56.3% | -- |
| 06/24/2018 06/24/18 | Under Contract | -- | -- | -- |
| 05/29/2018 05/29/18 | Under Contract | -- | -- | -- |
| 05/18/2018 05/18/18 | Rented | $19,200 | +997.1% | -- |
| 04/18/2018 04/18/18 | Under Contract | -- | -- | -- |
| 12/19/2017 12/19/17 | For Rent | $1,750 | -94.2% | -- |
| 11/02/2017 11/02/17 | For Rent | $30,000 | +2900.0% | -- |
| 08/18/2017 08/18/17 | For Rent | $1,000 | -32.0% | -- |
| 07/31/2017 07/31/17 | For Rent | $1,470 | -18.3% | -- |
| 07/08/2017 07/08/17 | For Rent | $1,800 | -87.3% | -- |
| 06/19/2017 06/19/17 | Rented | $14,184 | 0.0% | -- |
| 06/19/2017 06/19/17 | For Rent | $14,184 | -- | -- |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 329888
