- For Sale Auction
- Property Type Multi-Family
- Property Size 8,877 SF
- Units 13
- Lot Size 0.09 Acre
- Year Built 1984
- Date Updated Sep 2, 2026
Description
129 Susquehanna Street is centrally located in Binghamton’s 13901 ZIP code, within walking distance of Downtown Binghamton’s restaurants, shops, professional services, entertainment venues, and employment centers. The property also offers convenient pedestrian access to both public transportation and Binghamton University student bus routes, providing strong connectivity throughout the city and to the University. Its accessible Downtown location supports continued demand from students, working professionals, and other urban renters seeking proximity to transportation and everyday amenities.Offered for sale as a single investment opportunity, 127 and 129 Susquehanna Street comprise two multifamily buildings totaling 13 residential units. The portfolio includes 11 units at 129 Susquehanna Street and two units at 127 Susquehanna Street, with both properties included in the sale. Many of the units have undergone recent renovations, enhancing their marketability while reducing near-term capital requirements for a new owner. All current rents are significantly below Broome County Fair Market Rents, providing a compelling opportunity to increase rental income and improve net operating income over time. The properties are conveniently located within walking distance of Downtown Binghamton, public transportation, student bus routes, restaurants, employment centers, and everyday amenities. This offering provides investors with immediate operating scale, in-place income, and meaningful value-add potential in a well-positioned urban location. Stabilization to Fair Market Rents would generate an annual NOI of $128,384.
Highlights
- 11 units at 129 Susquehanna Street
- 13 total residential units
- Both properties included in the sale
- Close to restaurants, employment centers, services, and everyday amenities
- Convenient access to public transportation and student bus routes
- Current rents are significantly below Broome County Fair Market Rents
- Immediate operating scale with in-place income
- Many units have undergone recent renovations
- Meaningful opportunity to increase rental income and NOI
- Strong value-add opportunity with limited renovation requirements
- Two units at 127 Susquehanna Street
- Two-building multifamily investment portfolio
- Walking distance to Downtown Binghamton
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Contacts
Scott Warren, CCIM, CIREC
SVN | Innovative Commercial Advisors
Location
Contact Listing Broker
Scott Warren, CCIM, CIREC
SVN | Innovative Commercial Advisors