- For Sale $625,000
- Property Type Multi-Family
- Property Size 8,722 SF
- Units 9
- Lot Size 0.31 Acre
- Parking Spaces Avail. 10
- Property Tenancy Multi-Tenant
- Year Built 1970
- Date Updated Jun 13, 2026
Description
Vestal is a primary suburban market within the Greater Binghamton area, with a population of over 30,000 and a direct connection to the region’s core economic drivers. The presence of Binghamton University, along with major healthcare and employment centers, supports consistent housing demand and year-round tenant stability.
Front Street serves as a key north-south corridor linking Vestal to Downtown Binghamton, with direct access to Route 17/I-86 and surrounding commercial districts. The area is supported by a mix of residential density, retail activity, and commuter traffic, reinforcing long-term occupancy and usability for both residential and commercial tenants.
Limited new supply, stable income levels, and strong ties to the university and healthcare sectors position Vestal as a reliable, cash-flow driven market within the Southern Tier.Turnkey mixed-use investment opportunity featuring three well-maintained buildings on a single parcel with nine tenants currently in place, providing stabilized income from day one. The property offers a diverse income stream with residential tenants currently on month-to-month agreements, providing flexibility for future rent growth, while commercial tenants are secured under lease agreements for added stability. Ample on-site parking serves both residential and commercial occupants. A rare opportunity to acquire a well-kept, income-producing asset with proven performance and long-term investment potential.
Highlights
- Ample on-site parking and a turnkey investment opportunity with long-term hold potential
- Commercial tenants are secured with existing lease agreements
- Nine tenants currently in place providing stabilized income
- Residential tenants are month-to-month, offering future rental upside
- Three well-maintained buildings situated on a single parcel
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Contacts
Lisberto Calvo
SVN | Innovative Commercial Advisors
Location
Contact Listing Broker
Lisberto Calvo
SVN | Innovative Commercial Advisors