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6 Beds
2 Baths
1,828 sqft

$255,000

13 Walnut Street, Binghamton NY, 13905

Price per sqft$139.50
Built in1920
Property size1,828 sqft
Property typeCondominium

Overview

Active

Listed Aug 13, 2026

Updated Aug 14

13 Walnut Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The R-3-zoned property consists of two three-bedroom units and will be delivered vacant, providing a new owner with the opportunity to renovate and reposition the property. Offered at $255,000, or approximately $42,500 per bed, the property is priced below the approximately $60,000-per-bed average for stabilized student-housing properties in the market. Based on projected rents of $725 per bed per month, the stabilized pro forma estimates annual net operating income of $33,423, representing an approximate 13% capitalization rate at the asking price. This offering provides an attractive acquisition basis with meaningful potential for income growth and value creation.

$1,697/mo

Est. mortgage payment based on a $255,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
337434

Interior Features

Bedrooms
6
Bathrooms
2
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$3,481
Tax Frequency
Annually
View
Yes
MLS provider logo

Listed by Scott Warren with INNOVATIVE COMMERCIAL ADVISORS
Listing Contact: 607-621-0439 

The IDX display contains information sourced from the Greater Binghamton Association of REALTORS® as of 8/14/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Greater Binghamton Association of REALTORS® all rights reserved.

Data last updated on 8/14/2026 at 3:35 AM UTC

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