86 Oak

86 Oak Street is ideally positioned to benefit from Binghamton’s downtown student housing market, neighboring approximately 1,300 student beds and within walking distance of Downtown Binghamton. The property offers convenient access to student bus lines, restaurants, shops, and local amenities, making it a highly desirable location for student and downtown renters.Offered for sale is an 8-unit multifamily property located in a highly desirable Binghamton location with strong value-add potential. The building currently includes 7 built-out units totaling an impressive 17 beds, plus an additional framed-out basement unit that may provide an opportunity to increase the unit and bed count, subject to municipal approvals. The property is well positioned to serve Binghamton’s student housing market, as well as renters seeking convenient access to Downtown Binghamton, nearby bus lines, restaurants, shops, and amenities. Additional features include on-site laundry, off-street parking, and separate electric meters. The City of Binghamton previously explored acquiring the property through eminent domain but did not proceed; however, investors should be aware that similar municipal interest could potentially arise in the future. This is a rare opportunity to acquire a centrally located multifamily asset with substantial upside through renovation, lease-up, and potential unit expansion.