74 Carroll St. and 29-31 Court St.

74 Carroll St, Binghamton, NY 13901

Property Information

  • For Sale $2,450,000
  • Property Type Multi-Family
  • Property Size 13,020 SF
  • Units 7
  • Lot Size 0.57 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1970
  • Date Updated Jun 17, 2026

Description

Located in the center of Downtown Binghamton, these properties are positioned within one of the city's strongest rental and commercial districts. The surrounding area serves as a hub for student housing, dining, entertainment, and neighborhood retail, creating year-round demand from both residential and commercial tenants. The portfolio benefits from proximity to approximately 1,300 student beds, easy access to public transportation, and convenient connectivity to both Downtown Binghamton and the West Side. With walkable access to restaurants, coffee shops, nightlife, and daily amenities, the area continues to attract students, young professionals, and businesses seeking a highly accessible downtown location.This offering presents the opportunity to acquire three strategically located mixed-use buildings in Downtown Binghamton's most active student housing and entertainment district. The portfolio combines stable residential income, street-level commercial tenancy, and strong long-term demand drivers, creating a diversified investment opportunity in one of the region's most established rental markets. 74 Carroll Street consists of a 13,020 SF mixed-use property featuring five residential units totaling 25 student beds above commercial space. The residential units offer desirable layouts with multiple bathrooms, loft-style configurations, updated finishes, and secure coded access at both the building and unit levels. A recently executed commercial lease provides additional income stability, while off-street parking and a larger parcel size offer advantages rarely found in Downtown Binghamton. 29 and 31 Court Street are prominently positioned along one of Binghamton's most active downtown blocks, just steps from Water Street and surrounded by approximately 1,300 student beds. The properties feature ground-floor retail space with student housing above and benefit from exceptional walkability, consistent pedestrian traffic, and proximity to restaurants, nightlife, retail, and university transportation routes. Together, the portfolio offers a blend of stabilized income, strong location fundamentals, and exposure to Binghamton's growing student housing market.

Highlights

  • 36 total student housing beds across 74 Carroll Street and 29-31 Court Street
  • Daily traffic count of 5,391 vehicles along Court Street
  • Diversified income stream from residential and commercial tenants
  • Ground-floor retail space positioned in a high-traffic downtown location
  • Located near approximately 1,300 existing student housing beds
  • Off-street parking and larger parcel size provide a competitive advantage in the downtown market
  • Recently executed three-year commercial lease at 74 Carroll Street
  • Secure coded access systems at both building and unit levels at 74 Carroll Street
  • Three-building mixed-use portfolio in Downtown Binghamton
  • Walk Score of 90 at 29-31 Court Street

Contacts

Location

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