288 Robinson Street, Binghamton, NY for sale

Investment Overview

288 Robinson Street presents the opportunity to acquire a well-maintained five-unit multifamily investment with measurable in-place rental upside and multiple ancillary income streams. Current apartment rents average approximately $740 per month compared to market rents averaging more than $1,060, providing investors with a clear opportunity to increase revenue over time. Additional income is generated through four detached garages, two of which are currently leased, along with a coin-operated laundry facility that further diversifies cash flow. The property has benefited from numerous capital improvements, including updated roofing, blown-in insulation, replacement windows, and a well-maintained combi boiler, reducing near-term capital expenditure needs. Separate utility metering helps support efficient operations, while the corner lot location on Binghamton's established East Side positions the property for continued tenant demand and long-term value creation.

Investment Highlights

• Five-unit multifamily investment
• Proven value-add through rent growth
• Multiple income streams
• Limited near-term capital expenditures
• Efficient utility configuration
• Established East Side location
• Stable long-term investment opportunity