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!
For sale
Price cut: $20K (7/7)
$239,000
24 Mather St, Binghamton, NY 13905
18beds
6,654sqft
Triplex, Multi Family
Built in 1917
-- sqft lot
$-- Zestimate®
$36/sqft
$-- HOA
What's special
Large basementBrand-new tileStrong existing layout
- 83 days |
- 613 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
INNOVATIVE COMMERCIAL ADVISORS 607-203-1826,
Coty Lunn
Source: GBMLS,MLS#: 335681
Originating MLS: Greater Binghamton Association of REALTORS
Originating MLS: Greater Binghamton Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Radiator(s), Steam
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Tile
Interior area
- Total interior livable area: 6,654 sqft
- Finished area above ground: 6,654
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Driveway
Features
- Patio & porch: Covered, Porch
- Exterior features: Porch
Lot
- Size: 8,276 Square Feet
- Dimensions: 49 x 165 ft
- Features: Level
Details
- Parcel number: 03020016003100010300000000
- Zoning: R3
- Zoning description: R3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Family
- Property subtype: Triplex, Multi Family
Materials
- Stucco
- Foundation: Basement, Poured
Condition
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: City/Binghamton
Location
- Region: Binghamton
Financial & listing details
- Price per square foot: $36/sqft
- Tax assessed value: $100,000
- Annual tax amount: $6,513
- Date on market: 4/29/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: OWNER
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $239,000-7.7%$36/sqft |
Source:  GBMLS #335681 Report a problem | ||
| 5/27/2026 | Price change | $259,000-3.7%$39/sqft |
Source: GBMLS #335681 Report a problem | ||
| 4/29/2026 | Listed for sale | $269,000+236.2%$40/sqft |
Source: GBMLS #335681 Report a problem | ||
| 12/16/2015 | Sold | $80,000-5.9%$12/sqft |
Source: GBMLS #198262 Report a problem | ||
| 10/9/2015 | Pending sale | $85,000$13/sqft |
Source: RealtyUSA #198262 Report a problem | ||
| 9/5/2015 | Listed for sale | $85,000$13/sqft |
Source: RealtyUSA #198262 Report a problem | ||
| 8/8/2015 | Pending sale | $85,000$13/sqft |
Source: RealtyUSA #198262 Report a problem | ||
| 4/22/2015 | Listed for sale | $85,000$13/sqft |
Source: RealtyUSA #198262 Report a problem | ||
| 4/22/2015 | Pending sale | $85,000$13/sqft |
Source: RealtyUSA #198262 Report a problem | ||
| 3/28/2015 | Listed for sale | $85,000+53.2%$13/sqft |
Source: RealtyUSA #198262 Report a problem | ||
| 2/6/2015 | Sold | $55,500$8/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 -9.7% | $100,000 |
| 2016 | $6,751 | $100,000 |
| 2015 | $6,751 | $100,000 -20% |
| 2014 | $6,751 | $125,000 |
| 2013 | -- | $125,000 |
| 2012 | -- | $125,000 |
| 2011 | -- | $125,000 |
| 2010 | -- | $125,000 |
| 2009 | -- | $125,000 |
| 2008 | -- | $125,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 13905
Nearby schools
GreatSchools rating
- 4/10Horace Mann SchoolGrades: PK-5Distance: 0.4 mi
- 3/10West Middle SchoolGrades: PK,6-8Distance: 0.8 mi
- 3/10Binghamton High SchoolGrades: PK,9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Thomas Jefferson
- District: Binghamton
Source: GBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
