50 Exchange Street, Binghamton, NY - Six-Unit Student Housing Investment
Turnkey, fully occupied student housing investment in Downtown Binghamton featuring six furnished apartments, 21 bedrooms, and dedicated off-street parking.
The property consists of three 3-bedroom, 2-bathroom apartments and three 4-bedroom, 2-bathroom apartments. Each unit includes separately metered utilities, an in-unit washer and dryer, and furnishings included in the sale.
The offering also includes a dedicated parking lot located at 12 Lisle Street. With the property currently 100% occupied, the investment provides established rental income and additional upside through below-market rents. Recent improvements include a roof replacement completed in 2019, solar panels, and three new furnaces.
An attractive turnkey student housing opportunity with strong occupancy, desirable amenities, dedicated parking, and meaningful potential for future income growth through rent increases.
For sale
$1,350,000
50 Exchange St, Binghamton, NY 13901
21beds
7,161sqft
Multi Family, Apartment
Built in 1970
-- sqft lot
$-- Zestimate®
$189/sqft
$-- HOA
What's special
Solar panelsDedicated parking lotSeparately metered utilitiesIn-unit washer and dryerDedicated off-street parkingThree new furnacesSix furnished apartments
- 33 days
- 293
- 17
Zillow last checked:
Listing updated:
Listed by:
ACKERMANRE LLC 607-296-0758,
Charles Ackerman
Source: GBMLS,MLS#: 338024
Originating MLS: Greater Binghamton Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 12
- Full bathrooms: 12
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood
- Basement: Partial
Interior area
- Total interior livable area: 7,161 sqft
- Finished area above ground: 7,161
Video & virtual tour
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 3,150 Square Feet
- Dimensions: 50 x 63
- Features: Other, See Remarks
Details
- Parcel number: 03020016004900020020000000
- Zoning: com 1
- Zoning description: com 1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Family
- Property subtype: Multi Family, Apartment
Materials
- Concrete
- Foundation: Basement
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Phone Available
Community & HOA
Location
- Region: Binghamton
Financial & listing details
- Price per square foot: $189/sqft
- Tax assessed value: $196,900
- Annual tax amount: $18,800
- Date on market: 9/17/2026
- 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 |
|---|---|---|
| 9/17/2026 | Listed for sale | $1,350,000+92.9%$189/sqft |
Source: | ||
| 7/1/2019 | Sold | $700,000$98/sqft |
Source: Agent Provided Report a problem | ||
| 4/13/2019 | Listing removed | $350 |
Source: Zillow Rental Manager Report a problem | ||
| 4/12/2019 | Price change | $350-36.4% |
Source: Zillow Rental Manager Report a problem | ||
| 1/2/2019 | Price change | $550+10% |
Source: Zillow Rental Manager Report a problem | ||
| 12/26/2018 | Listed for rent | $500-9.1% |
Source: Zillow Rental Manager Report a problem | ||
| 3/15/2018 | Listing removed | $550 |
Source: Zillow Rental Manager Report a problem | ||
| 11/16/2017 | Listed for rent | $550-68.1% |
Source: Zillow Rental Manager Report a problem | ||
| 1/5/2016 | Listing removed | $1,725 |
Source: Bingo Rento Report a problem | ||
| 11/11/2015 | Price change | $1,725-31% |
Source: Bingo Rento Report a problem | ||
| 10/9/2015 | Price change | $2,500+44.9% |
Source: Bingo Rento Report a problem | ||
| 9/29/2015 | Price change | $1,725-21.6% |
Source: Bingo Rento Report a problem | ||
| 8/28/2015 | Listed for rent | $2,200 |
Source: Bingo Rento Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 13901
Nearby schools
Schools provided by the listing agent
- Elementary: MacArthur
- District: Binghamton
Source: GBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




