36 & 36.5 Fayette St, Binghamton, NY 13903

Property Description

Excellent Downtown Binghamton multifamily investment opportunity featuring two separate buildings with a total of 11 fully rented apartments generating $10,425 per month in rental income—$125,100 annually. This income-producing asset combines strong cash flow with extensive recent capital improvements and a consistent occupancy history. The property features separate electric meters with tenants paying their own electric, helping reduce owner expenses and improve operating efficiency. Major improvements include newer roofs installed in 2019 and 2025, along with numerous interior updates completed throughout the property, including flooring, kitchens, bathrooms, and appliances. Conveniently located near Downtown Binghamton, public transportation, dining, entertainment, and the Mirabito Stadium, the property is well positioned within an active rental corridor. Opportunity to acquire a stabilized multifamily asset with immediate cash flow and long-term investment potential.