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!
Multi-familyProperty Type
1983Year Built
10,454 sq ftLot Size
$118Est. Price/Sq.Ft.
2 car garageParking
Listing by Thomas Reid• EXIT REALTY HOMEWARD BOUND
Bought with Liam Mallon• WARREN REAL ESTATE (FRONT STREET)
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
2
Lot width
84 ft.
Lot depth
122 ft.
Lot size
10,248 Sq. Ft.
Year renovated
—
Sq. Ft.
1,860
Year built
1983
Style
Multi-Family (2-4 Unit)
County
Broome County
APN
030200A16105400010110000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-1
Residential Single-Unit Dwelling District
The intent of the R-1 Residential Single-Unit Dwelling District is to designate areas where low-density, 1-unit dwellings constitute the existing and desired future developmental character and where substantial restriction on the use of land and the density of development is necessary to preserve present character and protect the economic value of existing and future investment. Development which occurs in the R-1 Residential Single-Unit Dwelling District should be comparable with existing population density and the environmental character of the surrounding area.
Permitted uses
Include but are not limited to:
Housing-Single unit
Property details
Parking
Parking/Garage Information
Has Garage
Has Attached Garage
# of Garage Spaces: 2
Parking Features: Basement, Attached
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 3
Heating & Cooling
Cooling: None
Has Heating
Heating: Baseboard
Interior Features
Appliances: Electric Water Heater
Flooring: Carpet, Vinyl
Unit Type 1 Information
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $1,100
Total Rent: $1,100
Unit Type 2 Information
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $1,050
Total Rent: $1,050
Exterior
Exterior Features
Patio And Porch Features: Deck
Building Information
Structure Type: Duplex
Above Grade Finished Area: 1,860
Construction Materials: Aluminum Siding
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Lot Information
Lot Features: Level
Lot Size : 0.24
Lot Size Dimensions: 84 x 123
Lot Size Area: 0.24
Lot Size Units: Acres
Zoning: 220
Zoning Description: 220
Financial
Tax Information
Tax Annual Amount: $4,862
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School District: Binghamton
Elementary School: Benjamin Franklin
Middle Or Junior School District: Binghamton
High School District: Binghamton
Location Information
Directions: Burr to Iva to Decatur
Subdivision Name: Bingham Patent
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,860
Stories: 2.0
Lot Size: 10,248 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1983
Year Renovated: —
County: Broome County
APN: 030200A16105400010110000000
Home facts updated by county records on Aug 10, 2026
Other
Listing Information
List AOR: GreaterBinghamtonAssociationOfRealtors
Around this home
Schools
Benjamin Franklin Elementary School
Public PreK-5 • Assigned • 0.4mi
3/10
East Middle School
Public 6-8 • Assigned • 1.3mi
4/10
Binghamton High School
Public PreK-12 • Assigned • 1.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Binghamton, NY • 13903
Average low and high temperatures (°F)
26
15
31
17
49
29
58
38
64
46
76
57
82
62
76
54
72
51
60
40
46
32
32
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 2.6 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
2.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$215,000 – $260,000
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