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5 True Ave, Binghamton, NY, 13905

4beds
2baths
1,800sqft
$199,000
$111price/sqft
$1,463/moest. monthly cost
$58,520/yrincome needed

About This Home

Well-Maintained Duplex – Fully Occupied Investment Opportunity This well-cared-for duplex is located on a quiet dead-end street and features a huge yard, perfect for tenant enjoyment and added tenant appeal. Both units are fully occupied with tenants who have a strong rental history and are current on rent, providing immediate and steady income for the new owner. The property also offers a partially finished basement with dedicated office space, providing additional functionality and value. Current rents are below market, presenting an excellent opportunity for increased cash flow with future adjustments. With its stable occupancy, desirable location, and strong upside potential, this property is a smart addition to any investor’s portfolio.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1936

Materials

  • Foundation: Basement
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Duplex
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Full bathrooms: 2

Features

  • Workshop
  • Window features: Insulated Windows
  • Flooring: Hardwood
  • Finished area above ground: 1,800

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total interior livable area: 1,800 sqft

Property

Details

  • Parcel number: 03308914360114
  • Zoning: R-M Residential
  • Zoning description: R-M Residential

Features

  • Patio & porch: Covered,Open,Patio,Porch
  • Exterior features: Landscaping,Porch,Patio

Lot

  • Lot size: 0.33 Acres
  • Features: Sloped Up
  • Lot size dimensions: 95 x 150

Parking

  • Parking features: Driveway,On Street

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

  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Lightning
Tornado

FEMA Declared Disasters in Broome County and New York

Flood
Hurricane
Severe Storm
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $1,006$12,072
Home Insurance *$96$1,152
Property Taxes $64$768
Electricity $297$3,569
Total$1,463$17,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$50,160/yr
40% on housing$43,890/yr
45% on housing$39,013/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 3.4%
3.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$111This listing

vs Other Active Listings

Avg $/sqft

ZIP 13905$107
Broome County$108

vs Homes Sold Last Month

Median $/sqft

ZIP 13905$128
Broome County$122

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

DateEventPrice
2026-04-02Listed for sale$215,000
2026-03-04Listing removed$215,000
2025-11-30Listed for sale$215,000
2025-10-09Listing removed$215,000
2025-09-03Listed for sale$215,000
2012-12-20Sold$68,000

For Sale by Agent

AgentDunja Hadziabdic
BrokerageCENTURY 21 NORTH EAST

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