Sold
Last Sold Price
4 beds1,920 sqft$106/sqft
62 Decatur St, Binghamton, NY 13903
Multi FamilyProperty Type
10,454 sq ftLot Size
1983Year Built
$106/sq ftPrice per sq ft
2 carsParking Spaces

Description

Excellent Investment Opportunity – 9.6% CAP Rate... Well-maintained 2-family property at 62-64 Decatur St, Binghamton. Each unit features 2 bedrooms and 1 bath. Basement-level garage parking adds tenant appeal and convenience. Low-maintenance exterior and mechanicals. Tenants pay all utilities, keeping owner expenses minimal. Solid rental history and strong cash flow make this a great addition to any portfolio. CAP rate of 9.6% based on current rents. Don’t miss this turnkey income-producing property!Excellent Investment Opportunity – 9.6% CAP Rate... Well-maintained 2-family property at 62-64 Decatur St, Binghamton. Each unit features 2 bedrooms and 1 bath. Basement-level garage parking adds tenant appeal and convenience. Low-maintenance exterior and mechanicals. Tenants pay all utilities, keeping owner expenses minimal. Solid rental history and strong cash flow make this a great addition to any portfolio. CAP rate of 9.6% based on current rents. Don’t miss this turnkey income-producing property!
  • Listed by: Thomas J Reid • EXIT REALTY HOMEWARD BOUND
Listing closed: 08/26/2025 12:00 AM • Source: Greater Binghamton Association of REALTORS, MLS#: 331926

Recent comparable sales

Median sold price

$175,000

Avg days on market

43

Sale-to-list ratio

93.3%

Binghamton, NY

9 comparable properties found

$150,000 | 9 Allen Street, Binghamton, NY 13901
1/10
1

$150,000

Sold 01/21/26

4
Bedrooms
2,184
Square Feet
0.22
Acres
$200,000 | 4 Charles Street, Binghamton, NY 13905
1/48
2

$200,000

Sold 04/21/25

4
Bedrooms
1,582
Square Feet
0.08
Acres
$175,000 | 2 Carlton Street, Binghamton, NY 13903
1/47
3

$175,000

Sold 11/06/24

4
Bedrooms
1,728
Square Feet
0.1
Acres
$205,000 | 5 Parsons Street, Binghamton, NY 13903
1/2
4

$205,000

Sold 05/25/26

4
Bedrooms
2,064
Square Feet
0.13
Acres
$156,000 | 27 Valley Street, Binghamton, NY 13905
1/27
5

$156,000

Sold 03/13/25

4
Bedrooms
1,825
Square Feet
0.13
Acres
$115,000 | 27 Duane Avenue, Binghamton, NY 13903
1/5
6

$115,000

Sold 11/05/24

4
Bedrooms
1,880
Square Feet
0.11
Acres
$190,000 | 92 Broad Avenue, Binghamton, NY 13904
1/37
7

$190,000

Sold 12/16/24

4
Bedrooms
1,848
Square Feet
0.14
Acres
$230,000 | 90 Broad Avenue, Binghamton, NY 13904
1/50
8

$230,000

Sold 01/12/26

4
Bedrooms
1,872
Square Feet
0.14
Acres
$112,500 | 57 Ely Street, Binghamton, NY 13904
1/5
9

$112,500

Sold 06/01/26

4
Bedrooms
2,192
Square Feet
0.14
Acres

Location

Listing Courtesy of EXIT REALTY HOMEWARD BOUND

Sold By WARREN REAL ESTATE (FRONT STREET)

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$1,442 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,037

Property Taxes

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HOA Dues

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Property Information for 62 Decatur Street

Property Details
  • Taxes: $4,862 / year
  • MLS Type: Residential Income / Duplex
  • Architectural Style: Duplex
  • Subdivision Name: Bingham Patent
  • Zoning: 220
Building Information
  • Residences: 2
  • Year Built: 1983
  • Lot Size: 0.24 AC / 10,454 SF
Summary
Location and General Information
  • City: Binghamton
  • County Or Parish: Broome
  • Directions: Burr to Iva to Decatur
  • Postal City: Binghamton
  • Township: Binghamton
  • State Or Province: NY
  • MLS Area Major: Area 03
  • Postal Code: 13903
  • Zoning Description: 220
Taxes and HOA Information
  • Parcel Number: 030200-161-054-0001-011-000-0000
  • Tax Annual Amount: $4,862.00
  • Tax Assessed Value: $74,000.00
  • Tax Book Number: 161.54-1-11
School Information
  • Elementary School: Benjamin Franklin
  • Elementary School District: Binghamton
  • High School District: Binghamton
  • Middle Or Junior School District: Binghamton
Parking
  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Basement, TwoCarGarage
Property
Lot Information
  • Above Grade Finished Area: 1860.0
  • Living Area: 1920.0
  • Lot Features: Level
  • Lot Size Area: 0.24
  • Lot Size Dimensions: 84 x 123
  • Lot Size Units: Acres
Property and Assessments
  • Sign On Property: Yes
  • Year Built: 1983
  • Property Sub Type: Duplex
  • Property SubType Additional: Duplex
  • Property Type: ResidentialIncome
  • Construction Materials: AluminumSiding
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Foundation Details: Basement
  • Patio And Porch Features: Deck, Open
  • Structure Type: Duplex
Interior Features
  • Appliances: ElectricWaterHeater
  • Cooling: No
  • Cooling: None
  • Flooring: Carpet, Vinyl
  • Heating: Baseboard
  • Heating: Yes
  • Bathrooms Full: 3
  • Bedrooms Total: 4
Room Information
Room 1
  • HumanModified: No
Room 2
  • HumanModified: No
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 0
  • Number Of Units Total: 2
Income & Expenses Information
  • Fuel Expense: $.00
  • Insurance Expense: $1,200.00
  • Electric Expense: $.00
Unit 1
  • Actual Rent: $1,050.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,050.00
Unit 2
  • Actual Rent: $1,100.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,100.00

Property History for 62 Decatur Street

DateEvent & SourcePriceAppreciation
Aug 26, 2025

Sold

Greater Binghamton Association of REALTORS #331926

$204,000
Aug 18, 2025

Sold (Public Record)

Public Record #1911266720

$204,000

+4.8% / yr

Jul 15, 2025

Pending

Greater Binghamton Association of REALTORS #331926

DateEvent & SourcePrice
08/26/2025

Sold

Greater Binghamton Association of REALTORS #331926

$204,000
08/18/2025

Sold (Public Record)

Public Record #1911266720

$204,000

+4.8% / yr

07/15/2025

Pending

Greater Binghamton Association of REALTORS #331926

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 62 Decatur Street

Taxable ValueLand$11,800Additions$62,200Total$74,000
Home Facts
Baths3Total Finished SqFt1,860 SqFtAbove Grade Finished SqFt1,860 SqFtStories2Lot Size10,248 SqFtStyleDuplexYear Built1983ZoningYESCountyBROOMEAPN030200 161.54-1-11

Schools near 62 Decatur Street

This home is within Binghamton City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Benjamin Franklin Elementary School
PublicPK to 5

East Middle School
Public6 to 8

Binghamton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 62 Decatur Street, Binghamton, NY 13903
$204,000
4
1,920
10,454
$84,800
4
1,920
10,454
4
1,860
10,019
$38,543
2
1
879
8,712
$68,400
3
1,137
14,374
$73,500
4
1,860
10,018

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT REALTY HOMEWARD BOUND

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.