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51 Seminary Avenue, 
Binghamton, NY 13905

$359,000


6

Beds


2

Baths


2,335

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Scott Warren

James Lucenti

Innovative Commercial Advisors

607-203-1826

Last updated:

March 1, 2026, 06:43 PM

MLS#

334870

Source:

NY GBAR

About This Home

51 Seminary Avenue

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.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1900

Price Summary

359,000

$153 per Sq. Ft.

MLS #:

334870

Last Updated:

March 1, 2026, 06:43 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,335 Sq. Ft.


Structure

Structure

Architectural Style:

Duplex

Building Area:

2,335 Sq. Ft.

Year Built:

1900


Finances & Disclosures

Finances

Price:

$359,000

Price per Sq. Ft:

$153 per Sq. Ft.

Source:NY GBAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.