Sold for $399,000

$399,000

218 Riverside Dr, Binghamton, NY 13905

6beds

3,408sqft

Duplex, Multi Family

Built in 1920

-- sqft lot

$399,400 Zestimate^®

$117/sqft

$1,641 Estimated rent

Home value

$399,400

$363,000 - $439,000

$1,641/mo

Zestimate^® history

Owner options

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$1,641/mo

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$2,983/mo

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$2,983/mo

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What's special

Refinished hardwood floors

Not your typical duplex, both units have seen extensive improvements throughout. This West Side multi-family property offers two spacious 3-bedroom, 1-bath units with approximately 1,750 SF per side. The expensive work has been done for you. Recent updates include high-end remodeled kitchens and baths where you'd want to live yourself, refinished hardwood floors, and improvements throughout to help achieve top-of-market rents. Separate utilities, shared laundry and storage space, and a 3-bay garage. One unit is currently vacant, with the second unit lease ending in July, creating a unique opportunity for investors or owner-occupants. Combined with the recent improvements, separate utilities, and desirable West Side location, the property is projected to achieve a cap rate exceeding 9%,. Opportunity to serve either long-term tenants or the furnished rental market. Conveniently located near downtown Binghamton, hospitals, and university.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

Included: Gas Water Heater, Oven, Refrigerator

Features

Flooring: Carpet, Hardwood
Windows: Insulated Windows

Interior area

Total interior livable area: 3,408 sqft
Finished area above ground: 3,408

Property

Parking

Total spaces: 3
Parking features: Detached, Garage, Three Car Garage
Garage spaces: 3

Lot

Size: 8,712 Square Feet
Dimensions: 80 x 132
Features: Level

Details

Parcel number: 03020015906000010070000000
Zoning: R2
Zoning description: R2

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex, Multi Family

Materials

Vinyl Siding
Foundation: Basement

Condition

Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Crestmont

Location

Region: Binghamton

Financial & listing details

Price per square foot: $117/sqft
Tax assessed value: $100,000
Annual tax amount: $6,512
Date on market: 6/1/2026
Listing agreement: Exclusive Right To Sell
Inclusions: CARBON MONOXIDE DETECTOR, SMOKE DETECTORS
Ownership: OWNER
Total actual rent: 51600

Price history

Date	Event	Price
7/31/2026	Sold	$399,000-0.2%$117/sqft
Source: GBMLS #336204 Report a problem
6/3/2026	Contingent	$399,999$117/sqft
Source: GBMLS #336204 Report a problem
6/1/2026	Listed for sale	$399,999+45.5%$117/sqft
Source: GBMLS #336204 Report a problem
4/15/2024	Sold	$275,000-15.4%$81/sqft
Source: GBMLS #323299 Report a problem
3/21/2024	Pending sale	$325,000$95/sqft
Source: GBMLS #323299 Report a problem
1/26/2024	Contingent	$325,000$95/sqft
Source: GBMLS #323299 Report a problem
1/11/2024	Price change	$325,000-8.5%$95/sqft
Source: GBMLS #323299 Report a problem
12/10/2023	Price change	$355,000-5.3%$104/sqft
Source: GBMLS #323299 Report a problem
11/18/2023	Price change	$375,000-5.1%$110/sqft
Source: GBMLS #323299 Report a problem
10/28/2023	Pending sale	$395,000$116/sqft
Source: GBMLS #323299 Report a problem
10/13/2023	Listed for sale	$395,000+208.6%$116/sqft
Source: GBMLS #323299 Report a problem
8/13/2003	Sold	$128,000+10.3%$38/sqft
Source: Public Record Report a problem
7/31/2000	Sold	$116,000$34/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$100,000
2024	--	$100,000
2023	--	$100,000
2022	--	$100,000
2021	--	$100,000
2020	--	$100,000
2019	--	$100,000
2018	--	$100,000
2017	$6,098 -4.6%	$100,000
2016	$6,395	$100,000
2015	$6,395	$100,000
2014	$6,395	$100,000
2013	--	$100,000
2012	--	$100,000
2011	--	$100,000
2010	--	$100,000 -25.4%
2009	--	$134,000
2008	--	$134,000