86 Oak

86 Oak St, Binghamton, NY 13905

Property Information

  • For Sale $520,000
  • Property Type Multi-Family
  • Property Size 5,778 SF
  • Units 7
  • Lot Size 0.12 Acre
  • Year Built 1970
  • Date Updated Jul 15, 2026

Description

86 Oak Street is located on Binghamton's West Side, one of the region's most established rental markets. The property is within walking distance of Downtown Binghamton and benefits from convenient access to public transportation, major employment centers, dining, entertainment, and neighborhood services. The surrounding area serves as a key housing hub for students attending nearby colleges and universities, with approximately 1,300 student beds located within the immediate vicinity. The combination of strong rental demand, walkability, and access to amenities has helped establish the neighborhood as a preferred location for both student and workforce housing.86 Oak Street presents an opportunity to acquire an 8-unit multifamily property in one of Binghamton's strongest rental corridors. The property currently consists of seven completed units totaling 17 beds, along with a framed-out basement unit that may offer the potential to increase the unit and bed count, subject to municipal approvals. The building is separately metered for electric and includes on-site laundry facilities and off-street parking. Positioned within walking distance of Downtown Binghamton and neighboring approximately 1,300 student beds, the property benefits from consistent demand drivers associated with the area's student housing market. Its proximity to bus routes, restaurants, retail, and entertainment venues supports continued tenant demand from both students and traditional renters. This offering presents a value-add opportunity through renovation, operational improvements, lease-up, and potential expansion of the existing unit count.

Highlights

  • 17 existing beds across 7 completed units
  • 8-unit multifamily investment opportunity
  • Additional framed-out basement unit with potential upside, subject to approvals
  • Convenient access to student bus routes, restaurants, and retail amenities
  • Located adjacent to approximately 1,300 student beds
  • Off-street parking and on-site laundry facilities
  • Positioned in one of Binghamton's most active rental markets
  • Separate electric meters
  • Strong value-add opportunity through renovation and lease optimization
  • Walking distance to Downtown Binghamton

Contacts

Location

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