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15 Beds
8 Baths
7,438 sqft

$1,390,000

161 Court Street, Binghamton NY, 13901

Price per sqft$186.88
Built in1915
Property size7,438 sqft
Property typeCondominium

Overview

Active

Listed Oct 12, 2026

Updated 5 days ago

Completely renovated mixed-use investment opportunity in Binghamton’s sought-after downtown student housing market, offering an actual 9% cap rate, low operating expenses, and easy management. 161 Court Street features six apartments with a mix of two- and three-bedroom layouts totaling 15 beds, all fully leased to students, with leases currently being signed for the next academic year. Electric is separately metered, with the landlord covering the first $60 per apartment per month and tenants responsible for any charges above that cap. A common student lounge on the first floor adds to the building’s appeal. The property also includes two commercial spaces with one vacancy that is actively being marketed, with interested prospective tenants, offering potential for additional rental income. Positioned at the corner of Court and Carroll Streets, the building benefits from bus-line access and walking distance to downtown restaurants, shops, and entertainment.

$9,248/mo

Est. mortgage payment based on a $1,390,000 home price.

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

Additional information

MLS® ID
338398

Interior Features

Bedrooms
15
Bathrooms
8
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$3,520
Tax Frequency
Annually
Maintenance Expense
$6,520
Municipality
Binghamton
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 11/6/2026. 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 11/6/2026 at 4:39 AM UTC

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