Under contract

$380,000

51 Seminary Ave, Binghamton, NY 13905

6beds

--baths

2,335sqft

Duplex, Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$163/sqft

$-- HOA

What's special

Offered for sale is a stabilized 2-unit student housing asset located in Binghamton’s West Side, the most established and consistently leased student corridor in the market. The property includes six bedrooms and two full bathrooms with a functional layout that supports consistent occupancy and efficient leasing. The asset is situated within the City’s R-3 zoning district, supporting higher density residential use and aligning with the surrounding student housing concentration south of Main Street. The location remains desirable for student tenants due to proximity to downtown amenities and established transportation routes. Leases for the upcoming semester are secured at $625 per bed with a projected 9.03% cap rate, offering strong in place yield relative to market alternatives. This offering presents an opportunity to acquire a well-located student housing property with durable demand and stable cash flow fundamentals.

66 days

18

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Full bathrooms: 2

Heating

Forced Air

Cooling

None

Appliances

Included: Electric Water Heater

Features

Flooring: Hardwood, Vinyl

Interior area

Total interior livable area: 2,335 sqft
Finished area above ground: 2,335

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Detached, Garage, One Car Garage, Parking Space(s)
Garage spaces: 1

Lot

Size: 5,662 Square Feet
Dimensions: 0.13
Features: Level

Details

Parcel number: 03020016004600020310000000
Zoning: R-3
Zoning description: R-3

Construction

Type & style

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

Materials

Vinyl Siding
Foundation: Basement

Condition

Year built: 1900

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: $163/sqft
Tax assessed value: $124,237
Annual tax amount: $2,972
Date on market: 5/5/2026
Listing agreement: Exclusive Right To Sell
Ownership: OWNER
Total actual rent: 45000

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/7/2026	Listing removed	$3,750$2/sqft
Source: Zillow Rentals Report a problem
5/11/2026	Listed for rent	$3,750$2/sqft
Source: Zillow Rentals Report a problem
5/1/2026	Listing removed	$359,000$154/sqft
Source: GBMLS #334870 Report a problem
3/1/2026	Listed for sale	$359,000+348.8%$154/sqft
Source: GBMLS #334870 Report a problem
12/25/2025	Listing removed	$3,750$2/sqft
Source: Zillow Rentals Report a problem
8/16/2025	Listed for rent	$3,750+5.9%$2/sqft
Source: Zillow Rentals Report a problem
11/6/2024	Listing removed	$3,540$2/sqft
Source: Zillow Rentals Report a problem
8/4/2024	Listed for rent	$3,540$2/sqft
Source: Zillow Rentals Report a problem
4/24/2024	Listing removed	--
Source: Zillow Rentals Report a problem
8/16/2023	Listed for rent	$3,540+11.3%$2/sqft
Source: Zillow Rentals Report a problem
4/18/2023	Listing removed	--
Source: Zillow Rentals Report a problem
11/19/2022	Listed for rent	$3,180$1/sqft
Source: Zillow Rental Manager Report a problem
10/30/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
8/29/2022	Listed for rent	$3,180+562.5%$1/sqft
Source: Zillow Rental Manager Report a problem
10/25/2019	Listing removed	$480
Source: Zillow Rental Manager Report a problem
10/23/2019	Price change	$480-2%
Source: Zillow Rental Manager Report a problem
10/20/2019	Listed for rent	$490
Source: Zillow Rental Manager Report a problem
4/1/2013	Sold	$80,000-10.1%$34/sqft
Source: GBMLS #185737 Report a problem
12/6/2012	Listing removed	$89,000$38/sqft
Source: CENTURY 21 Sbarra & Wells #185737 Report a problem
10/14/2012	Price change	$89,000-10.1%$38/sqft
Source: CENTURY 21 Sbarra & Wells #185737 Report a problem
9/15/2012	Price change	$99,000-5.3%$42/sqft
Source: CENTURY 21 Sbarra & Wells #185737 Report a problem
8/14/2012	Listed for sale	$104,500$45/sqft
Source: CENTURY 21 Sbarra & Wells #185737 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$65,100
2024	--	$65,100
2023	--	$65,100
2022	--	$65,100
2021	--	$65,100
2020	--	$65,100
2019	--	$65,100
2018	--	$65,100
2017	$3,970 +67.6%	$65,100
2016	$2,369	$65,100
2015	$2,369	$65,100
2014	$2,369	$65,100
2013	--	$65,100
2012	--	$65,100
2011	--	$65,100
2010	--	$65,100
2009	--	$65,100
2008	--	$65,100
2007	--	$65,100
2006	--	$65,100
2005	--	$65,100
2004	--	$65,100
2003	--	$65,100
2002	--	$65,100
2001	--	$65,100
2000	--	$65,100

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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