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18 Beds
8 Baths
6,654 sqft

$225,000

24 Mather Street, Binghamton NY, 13905

Price per sqft$33.81
Built in1917
Property size6,654 sqft
Property typeMulti-family

Overview

Active

Listed Apr 29, 2026

Updated 11 min ago

This 3-family property presents a high-impact value-add opportunity in a proven student housing market, located within the R3 zoning district allowing for this use. Configured for 18–20 bedrooms, the asset supports a scalable per-bed rental model. Projected gross income of approximately $140,000 to $156,000 annually, based on $650 per bedroom, with additional income potential from washers and dryers. The property features a strong existing layout, having historically operated as a student rental, with clear upside through higher-end renovations and finishes to drive rent growth. Ownership has begun improvements, including new, upgraded electrical/panel and brand-new tile and renovation materials are already on-site and included in the sale, reducing upfront capital. A large basement, previously used as a common area with a bar, can be restored as a shared tenant space, further enhancing appeal, retention, and overall NOI growth potential. Call today!

$1,497/mo

Est. mortgage payment based on a $225,000 home price.

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

Additional information

MLS® ID
335681

Interior Features

Bedrooms
18
Bathrooms
8
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Taxes
$6,513
Tax Frequency
Annually
Maintenance Expense
$6,679
MLS provider logo

Listed by Coty Lunn with INNOVATIVE COMMERCIAL ADVISORS
Listing Contact: 607-481-5660 

The IDX display contains information sourced from the Greater Binghamton Association of REALTORS® as of 10/12/2026. 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 10/12/2026 at 5:36 AM UTC

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