116 Murray St, Binghamton, NY 13905
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Property image
FOR SALE
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$340,000

Original price: $349,000
  • 8 Beds
  • 4 Baths
  • 3,605 sqft

116 Murray St, Binghamton, NY 13905

Est. Mortgage $2,516/mo*
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Home Highlights

Multi-Family
Built in 1905
$94/sqft

Local Information

  • Map ViewExplore the area around 116 Murray St.
  • Schools3 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

116 Murray Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The property will be delivered vacant and sold in as-is condition, allowing a new owner to renovate and lease the property according to their investment strategy. Offered at approximately $42,500 per bed, it is priced below the approximately $60,000-per-bed benchmark for well-maintained and fully occupied student properties in the West Side market. Once renovated and stabilized at a projected market rent of approximately $700 per bed, the pro forma estimates annual net operating income of $39,111, representing an approximate 11.5% capitalization rate at the asking price. This offering provides investors with an attractive acquisition basis and meaningful potential for income growth and value creation.
Last check for updates: about 1 hour ago
Listing by: INNOVATIVE COMMERCIAL ADVISORS, (607) 203-1826
Scott Warren
Originating MLS: Greater Binghamton Association of REALTORS
Source: GBMLS, MLS#337432
Also Listed on GBMLS.

Home Details for 116 Murray St

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4
Dimensions and Layout
Living Area: 3605 Square Feet
Appliances & Utilities
Utilities: Cable AvailableAppliances: Gas Water Heater
Heating & Cooling
Heating: BaseboardHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Baseboard
Windows, Doors, Floors & Walls
Flooring: Carpet, Hardwood, Tile, Vinyl
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood, Tile, Vinyl

Exterior Features

Exterior Home Features
Foundation: Basement
Parking & Garage
No GarageParking: Driveway
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 3605 Square Feet

Days on Market

Days on Market: 27

Property Information

Year Built
Year Built: 1905
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, ApartmentArchitecture: Multi-Family
Building
Construction Materials: Other, Vinyl Siding
Property Information
Parcel Number: 03020016003900030490000000

Price & Status

Price
List Price: $340,000Price Per Sqft: $94
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: BinghamtonCommunity: Lewis St John Farm
School Information
Elementary School: Horace MannElementary School District: BinghamtonJr High / Middle School District: BinghamtonHigh School District: Binghamton

Agent Information

Listing Agent
Listing ID: 337432

HOA

Association for this Listing: Greater Binghamton Association of REALTORS

Lot Information

Lot Area: 10454.4 sqft

Offer

Listing Agreement Type: Exclusive Right To Sell

Business

Business Information
Ownership: OWNER

Miscellaneous

Mls Number: 337432Living Area Range Units: Square FeetAbove Grade Unfinished Area: 3605Universal Property Id: US-36007-N-03020016003900030490000000-R-N

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Binghamton

At least 356 Trulia users voted on each feature.
  • 84 % Say car is needed

  • 83 % Say it's dog friendly

  • 76 % Say there are sidewalks

  • 76 % Say yards are well-kept

  • 75 % Say parking is easy

  • 68 % Say there's holiday spirit

  • 65 % Say it's walkable to restaurants

  • 60 % Say kids play outside

  • 59 % Say it's walkable to grocery stores

  • 59 % Say streets are well-lit

  • 53 % Say there's wildlife

  • 52 % Say people would walk alone at night

  • 47 % Say neighbors are friendly

  • 46 % Say it's quiet

  • 45 % Say they plan to stay for at least 5 years

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "It’s a quite area with 10 minutes drive to many stores, local parks, Ross zoo, Binghamton University, and many attractions. "
  • Michael K Hall
    "There are several dog friendly parks nearby and people clean up after their pets. Winter time can be challenging but that’s true anywhere."
  • Kathy Noll
    "This is a college town so it has nice variety of reataurants. 2 local zoos. Lots of music festivals. A hockey sports arena and the forum which hosts plays and bands and orchestras. Very close to finger lakes."
  • Mrnrswoolfolk
    "I’ve visited and then decided to live in this neighborhood. It’s ver comfortable and without major distractions. My neighbors are quiet yet friendly and I like this. "
  • Dakota E. M.
    "Convenient stores, shopping centers, fast food restaurants, houses, apartment complexes, parks and schools. "
  • Patience W.
    "They would love the huge (4-5 block) city park! Lots of paths, old trees/shade and open fields to run in!"
  • Chelyssa C.
    "About 15-20 minutes from anything. Not too overwhelming at 8am but is at 4:30pm. Neighborhood is lit up so it makes you feel safer and we know most of our neighbors "
  • Amanda G.
    "Takes no more than 7 minutes to get to closest Walmart. Grocery store less than 2 minutes away. Downtown is less than 2 minutes. All by car"
  • Jackie F.
    "Everyone is friendly around here. There’s never any problems. The police are always roaming around and I have never seen them stop anyway. All and all a great area. "
  • Kirsten D.
    "I would not reccomend raising a family here. I'm 21 born and raised, went to Binghamton High. I personally won't have kids here and plan to relocate next year, schools and kids around here aren't the best. Lots of bad influences. don't reccomend living here."
  • Driaeee
    "there is lots of hills and squirrels. If your pup likes to chase things the numerous squirrels in the tree lined streets could be an issue"
  • Ney.lopez.rodri
    "Ppl don’t clean after their dogs and some ppl are very disrespectful!! Just saying I’m just here to visit planing on moving here but I really need to think about it !"
  • Veronica F.
    "Everyone is very kind and don’t start issues. They allow everyone to have parties with a problem. I love my neighbors."
  • Danielle D.
    "I drive but I see the bus as well as ppl walking to downtown which is a short walk. The bus route becomes scarcer the farther you become from downtown but if you need it, it’s available "
  • Ljeterjeter
    "Port Dickinson is a great place for a family with kids. Neighbors are very friendly and the school district is very nice."
  • Johan.jelsma
    "Walkable and neighborly. Some great parks and eateries. Very close to the downtown business district."
  • Bossy40td
    "yes people like walking their dogs but they do not clean up their poop when they don't poop on our lawn"
  • MendezDavid
    "I drive so my commute is good but I like my area upstate wouldn’t mine moving to Johnson city or endicott nys"
  • Ljgrady
    "Great neighbors,great businesses,friendly and safe. The HCA (hillcrest community association) sponsors field days,parades,and ball games."
  • Keith B. S.
    "binghamton has its share of terrorism and crime, you have to stay on your guard. at all times. i have lived here for 53 years and have never seen more crime and corruption since 1990's came around. "
  • Ljgrady
    "Neighborhood civic association parades,parks,ball games,field days,fireworks local library events,3 churches,with the associated events "
  • Carolyn R. L.
    "we need more laundromats on Southsde of Binghamton.Plus fire hydrants on every other street I Binghamton."
  • Dzipper523
    "This neighborhood is full of very interesting looking characters... this neighborhood is stuck in the 70’s...."
  • B gooble
    "Easy access to highway. Short commute to work, shopping and entertainment. Nice neighborhood. Nice places to walk. Big park nearby, walking distance. Smaller park with pool close too. Also nice dog park in walking distance "
  • Bailey C.
    "Not a lot of space for dogs to roam, meaning little yard space. And there are often other dogs pooping everywhere so watch your step"
  • Ljgrady
    "Hillcrest community association sponsors st.patrick's day and halloween parades,field days,baseball games-very family friendly. "
  • Carolyn R. L.
    "The way I live in my neighborhood and fit into community. I would like to know the schools,parks nearby grocery stores.Live very peaceful and long in home."
  • Keith P.
    "Living in downtown as a dog owner is awful since the sidewalks are filled with garbage. But there’s two nice dog parks in the area so it makes up for it."
  • Joel
    "I’ve lived in this neighborhood for five years and neighbors are friendly in their neighborhood is quiet"
  • Renee D. G.
    "Church events are often and appealing. So many people decorate for the holidays. My friends seem to be very involved with the school events too "
  • Ace.dusse.tre.william.edwards
    "Humble positive vibes. I love the fact that I am able to be myself without negative judgment from my community."
  • Fritzmarie chochotte Jones
    "I've live in Binghamton going on 7yrs now on Johnson Avenue on the West side where i can walk to work to Lourdes Hospital. It is a very picturesque block, tree lined, so clean, so quiet, the people are friendly, easy going and helpful. It so comforting to know that people care...."
  • Lovedarleneturner
    "This is not a place to raise children in. Drugs, violence, theft, and vandalism runs rampant here. The schools are deplorable. It is not a safe place for families, and continues to get worse. Which is why my family and I are moving elsewhere."
  • Vklopmantunis
    "15 mins to work in Endwell Close proximity to grocery stores 5 minutes to the highway 13 minutes to BCC"
  • Pday
    "Blues on th Bridge , Southside Neighborhood Assembly, community gardens, greenway in progress, new elementary school"
  • Charsusby
    "Great neighborhood; no crime. We raised four children in CV schools - great schools as well! Not as many problems as CF has from what we’ve heard. Good family neighborhoods."
  • Gsherwoodv118
    "A lot of bar walks or things like that. We also have great food. Paint and sips I’m not sure but it’s an all around cool are to live in. Very up and coming "

Market trends in Binghamton

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$184K
$3.42K
MoM
Sale-to-List Price
100.0%
Price per sq ft
$119
$1
MoM
Available listings
177
17
MoM

Home Value

Trulia Estimate
$333K
Since last month
Decreased$2K (-0.6%)
Since last year
Decreased$37K (-10%)
Since last sale
Increased$102K (+43.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +43% in the last 10 years
MonthEstimated value
2026
August 2026$334K
August 2026$333K
July 2026$336K
June 2026$336K
May 2026$337K
April 2026$335K
March 2026$338K
February 2026$353K
January 2026$347K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.28
Multi-Family Home
$225,000
03/25/26
8
4.5
3,452
0.21
Multi-Family Home
$292,500
06/12/26
6
3
4,672
0.33
Multi-Family Home
$240,000
03/23/26
8
4
3,108
0.37
Multi-Family Home
$65,000
01/27/26
8
4
3,348
0.34
Multi-Family Home
$193,000
10/14/25
5
3
2,145
0.34
Multi-Family Home
$193,000
10/17/25
5
3
2,146
0.46
Multi-Family Home
$245,000
05/28/26
8
3
3,000
0.36
Multi-Family Home
$160,000
12/18/25
6
2
2,970
0.64
Multi-Family Home
$249,000
08/12/26
6
4
2,500
0.34
Multi-Family Home
$185,000
05/15/26
4
2
2,182

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.04
$640,800
16
16
14,140
Off Market
0.04
$375,000
6
3
3,442
For Sale
0.08
$1,225,500
24
-
8,925
Off Market
0.05
$2,850,000
39
25
23,654
For Sale
0.06
$95,700
2
1.5
1,024
Off Market
0.06
$211,000
2
2.5
1,745
Off Market
0.09
$848,100
18
12
8,640
Off Market
0.06
$168,000
4
4
2,904
Off Market
0.11
$269,000
6
4
3,021
For Sale
0.08
$277,000
6
4
3,282
For Sale
0.12
$340,000
8
4.5
3,021
For Sale

Price and Tax history

DateEventPrice
Aug 13, 2026
Source: GBMLS #337432
PriceChange
$340,000
Price decreased by 3%
Mar 1, 2026
Source: GBMLS #334868
Listed For Sale
$349,000
Jun 10, 2022
Source: Zillow Rental Manager
ListingRemoved
Feb 18, 2022
Source: Zillow Rental Manager
Listed For Rent
$4,500
Mar 24, 2021
Source: N/A
ListingRemoved

LGBTQ Local Legal Protections

Scott Warren, INNOVATIVE COMMERCIAL ADVISORS, (607) 203-1826
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 116 Murray St

  • What is the estimated monthly payment for 116 Murray St?
    Based on a $340,000 list price with 20% down at today's rates, the estimated monthly payment for 116 Murray St in Binghamton, NY is approximately $2,571 (about $1,785 principal & interest, $711 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 116 Murray St compare to homes in Binghamton?
    116 Murray St in Binghamton, NY is listed at $340,000, about 85% above the $184K median sale price in Binghamton.
  • What do residents say about Binghamton?
    Residents describe Binghamton, NY as dog-friendly, pedestrian-friendly, and well-kept. See homes for sale in Binghamton, NY.
  • What are the closest schools to 116 Murray St?
    The closest schools to 116 Murray St in Binghamton, NY are Binghamton High School (Pre-K, rated 3/10), Horace Mann School (Pre-K/Elementary, rated 4/10), West Middle School (Pre-K, rated 3/10).
  • Does 116 Murray St have air conditioning?
    Yes, 116 Murray St in Binghamton, NY has air conditioning.
  • Does 116 Murray St have parking?
    Yes, 116 Murray St in Binghamton, NY has on-site parking.
116 Murray St, Binghamton, NY 13905 is a 8 bedroom, 4 bathroom, 3,605 sqft multi-family built in 1905. This property is currently available for sale and was listed by GBMLS on Aug 13, 2026. The MLS # for this home is MLS# 337432.