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51 Seminary Ave 2 Unit Apartment Building $488,355 CAD ($244,177 CAD/Unit) 9.03% Cap Rate Binghamton, NY 13905
Investment Highlights
- • Located at 51 Seminary Ave. in Binghamton’s established West Side student housing corridor
- • South of Main Street in one of the most desirable student rental submarkets
- • Situated in R-3 zoning supporting higher density residential and student occupancy
- • Walking distance to SUNY bus line providing direct campus access
Executive Summary
Offered for sale is a stabilized student housing asset
located in the core of Binghamton’s West Side, the
most established and consistently leased student
corridor in the market. The property is situated
within the City’s R-3 zoning district, which supports
higher density residential use and aligns with the
surrounding student housing concentration south of
Main Street. This location remains one of the most
desirable areas for student tenants due to proximity
to downtown amenities and established
transportation routes
located in the core of Binghamton’s West Side, the
most established and consistently leased student
corridor in the market. The property is situated
within the City’s R-3 zoning district, which supports
higher density residential use and aligns with the
surrounding student housing concentration south of
Main Street. This location remains one of the most
desirable areas for student tenants due to proximity
to downtown amenities and established
transportation routes
Property Facts
| Price | $488,355 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $244,177 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 9.03% | Building Size | 2,335 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment |
| Price | $488,355 CAD |
| Price Per Unit | $244,177 CAD |
| Sale Type | Investment |
| Cap Rate | 9.03% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,335 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 030200-160-046-0002-031-000-0000 | Improvements Assessment | $63,663 CAD |
| Land Assessment | $24,894 CAD | Total Assessment | $88,557 CAD |
Property Taxes
Parcel Number
030200-160-046-0002-031-000-0000
Land Assessment
$24,894 CAD
Improvements Assessment
$63,663 CAD
Total Assessment
$88,557 CAD
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51 Seminary Ave
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