For sale

Price cut: $590K (7/8)

$250,000

49 & 51 Park Ave, Binghamton, NY 13903

20beds

11baths

7,904sqft

Multi Family, Apartment

Built in 1960

-- sqft lot

$-- Zestimate^®

$32/sqft

$-- HOA

What's special

AUCTION: 11-unit multifamily investment opportunity on Binghamton’s South Side, with bidding starting at $250,000. Please see more information and sign up for the auction here: https://www.crexi.com/properties/2604840/new-york-south-side-11-unit-investment Located at 49-51 Park Avenue, this well-maintained, professionally managed complex includes 5 units at 49 Park Avenue and 6 units at 51 Park Avenue. The unit mix consists of nine 2-bedroom and two 1-bedroom apartments, offering strong in-place occupancy and immediate cash flow. Within walking distance of UHS and just a half-mile from Downtown Binghamton, the property is positioned near employment, healthcare, and everyday amenities. Current rents are below Broome County Fair Market Rent, creating a clear opportunity for future rental growth. This is a rare turnkey investment with immediate income and long-term upside.

116 days

1,175

68

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 20
Bathrooms: 11

Heating

Baseboard

Cooling

None

Appliances

Included: Gas Water Heater

Features

Flooring: Carpet, Hardwood, Tile

Interior area

Total interior livable area: 7,904 sqft
Finished area above ground: 7,904

Video & virtual tour

Property

Parking

Parking features: Driveway

Lot

Size: 7,405 Square Feet
Dimensions: 100 x 150
Features: Level

Details

Parcel number: 03020016008000040170000000
Zoning: Multi Residential
Zoning description: Multi Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Multi-Family
Property subtype: Multi Family, Apartment

Materials

Aluminum Siding
Foundation: Basement

Condition

Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Location

Region: Binghamton

Financial & listing details

Price per square foot: $32/sqft
Tax assessed value: $286,260
Annual tax amount: $14,801
Date on market: 4/26/2026
Listing agreement: Exclusive Right To Sell
Ownership: OWNER

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/8/2026	Price change	$250,000-70.2%$32/sqft
Source: GBMLS #335621 Report a problem
6/2/2026	Price change	$840,000-1.2%$106/sqft
Source: GBMLS #335621 Report a problem
5/15/2026	Listed for sale	$850,000$108/sqft
Source: GBMLS #335621 Report a problem
5/11/2026	Pending sale	$850,000$108/sqft
Source: GBMLS #335621 Report a problem
4/26/2026	Listed for sale	$850,000$108/sqft
Source: GBMLS #335621 Report a problem