24 Mather St, Binghamton, NY, 13905
About This Home
This 3-family property presents a high-impact value-add opportunity in a proven student housing market, located within the R3 zoning district allowing for this use. Configured for 18–20 bedrooms, the asset supports a scalable per-bed rental model. Projected gross income of approximately $140,000 to $156,000 annually, based on $650 per bedroom, with additional income potential from washers and dryers. The property features a strong existing layout, having historically operated as a student rental, with clear upside through higher-end renovations and finishes to drive rent growth. Ownership has begun improvements, including new, upgraded electrical/panel and brand-new tile and renovation materials are already on-site and included in the sale, reducing upfront capital. A large basement, previously used as a common area with a bar, can be restored as a shared tenant space, further enhancing appeal, retention, and overall NOI growth potential. Call today!
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1917
Materials
- Foundation: Basement,Poured
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Architectural style: Multi-Family
- Property subType: Triplex,Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Bedrooms & Bathrooms
- Bedrooms: 18
- Bathrooms: 8
- Full bathrooms: 8
Features
- Flooring: Hardwood,Tile
- Finished area below ground: 0
- Finished area above ground: 6,654
Heating & Cooling
- Heating features: Radiator(s),Steam
- Cooling features: None
Interior Area
- Total interior livable area: 6,654 sqft
Property
Details
- Parcel number: 03020016003100010300000000
- Zoning: R3
- Zoning description: R3
Features
- Patio & porch: Covered,Porch
- Exterior features: Porch
Lot
- Lot size: 8,276 sqft
- Features: Level
- Lot size dimensions: 49 x 165 ft
Parking
- Parking features: Driveway
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Inland Flooding
- Lightning
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Broome County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,208 | $14,496 |
| Home Insurance * | $115 | $1,380 |
| Property Taxes | $440 | $5,280 |
| Electricity | $1,099 | $13,195 |
| Total | $2,862 | $34,344 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Listed for sale | $269,000 |
| 2015-12-16 | Sold | $80,000 |
| 2015-10-09 | Pending sale | $85,000 |
| 2015-09-05 | Listed for sale | $85,000 |
| 2015-08-08 | Pending sale | $85,000 |
| 2015-04-22 | Listed for sale | $85,000 |
| 2015-04-22 | Pending sale | $85,000 |
| 2015-03-28 | Listed for sale | $85,000 |
| 2015-02-06 | Sold | $55,500 |
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