$340,000
Original price: $349,000
- 8 Beds
- 4 Baths
- 3,605 sqft
116 Murray St, Binghamton, NY 13905
Est. Mortgage $2,516/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1905
$94/sqft
Local Information
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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
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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 |
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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 |
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Days on Market: 27 |
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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 |
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Price List Price: $340,000Price Per Sqft: $94 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active |
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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 |
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Listing Agent Listing ID: 337432 |
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Association for this Listing: Greater Binghamton Association of REALTORS |
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Lot Area: 10454.4 sqft |
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Listing Agreement Type: Exclusive Right To Sell |
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Business Information Ownership: OWNER |
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Mls Number: 337432Living Area Range Units: Square FeetAbove Grade Unfinished Area: 3605Universal Property Id: US-36007-N-03020016003900030490000000-R-N |
Around this home
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.
Market trends in Binghamton
Last updated July 2026
Avg. sale price
$184K
$3.42KMoM
Sale-to-List Price
100.0%
Price per sq ft
$119
$1MoM
Available listings
177
17MoM
Home Value
Trulia Estimate
$333KSince 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
| Month | Estimated 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
| Date | Event | Price |
|---|---|---|
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 | |
Oct 3, 2019 Source: N/A | ListingRemoved | $525 |
Sep 2, 2019 Source: N/A | Listed For Rent | $525 |
Oct 6, 2018 Source: N/A | ListingRemoved | $500 |
Sep 4, 2018 Source: N/A | Listed For Rent | $500 |
Sep 1, 2015 Source: N/A | Sold | $232,000 |
Jan 6, 2011 Source: N/A | Sold | $112,000 |
Nov 14, 2010 Source: Agent Provided | PriceChange | $110,000 Price decreased by 21% |
Jul 21, 2010 Source: Agent Provided | Listed For Sale | $139,000 |
Apr 28, 2010 Source: Agent Provided | ListingRemoved | $139,000 |
Feb 26, 2010 Source: Agent Provided | Listed For Sale | $139,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | Unavailable | $209,900 |
Home facts updated by county records
LGBTQ Local Legal Protections
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.

