Active
403 Walnut Street, Elmira City NY 14901
MLS# R1679872
$249,000
Price
3
Beds
3
Baths
3,052
Living Area (Sq.Ft.)
0
Lot Area (Acres)
$249,000
Price
3
Beds
3
Baths
3,052
Living Area (Sq.Ft.)
0
Lot Area (Acres)
Turnkey 3-Unit Investment Property with Strong Updates, Parking, Garage & Expansion Potential <br> <br>Excellent opportunity to own a well-maintained and substantially updated 3-unit multifamily property in Elmira, NY. This income-producing asset offers strong rental history, major capital improvements, and additional upside potential with ample parking, garage space, and room for future development. <br> <br>The property currently generates $2,850/month in rental income with no delinquency issues, providing immediate cash flow for an investor or owner-operator. <br> <br>Major improvements include: <br> <br>• New roof installed July 2024 <br> <br>• Most windows replaced <br> <br>• All work fully permitted <br> <br>• Significant electrical and plumbing upgrades <br> <br>• Two apartments completely renovated down to the studs <br> <br>One of the standout features is a massive nearly 1,000 square foot efficiency apartment converted from a former yoga studio, offering an open-concept layout with unique character and flexibility. <br> <br>Additional highlights include: <br> <br>• Large parking lot with abundant off-street parking <br> <br>• Detached garage <br> <br>• Coin-operated laundry room for additional income <br> <br>• Two units with separated utilities <br> <br>• Space and potential for future expansion or additional development <br> <br>• Strong tenant payment history <br> <br>This property combines stability, modernized systems, and future upside — ideal for investors looking for a solid multifamily asset with value-add potential already built into the site. <br> <br>Whether you are expanding your portfolio or looking for a property with long-term appreciation potential, 403 Walnut Street offers a compelling mix of cash flow, updates, and opportunity.
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1952
Parcel Number
070400-089-018-0001-031-000-0000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot
Levels
Two
Lot Size Dimensions
200X43
Stories
2
Bath Rooms Full
3
Property Condition
Resale
Elementary School District
Elmira
Middle Or Junior School District
Elmira
High School District
Elmira
Location
Listing Agent
Andrew Hughes
Listing Office
Keller Williams Realty Southern Tier & Finger Lakes
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Other, See Remarks
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-05-12
Owner Pays
Other, See Remarks
Rent Includes
Other, See Remarks
Fire Places Total
0
Interior Features
Other, See Remarks
Flooring
Carpet, Laminate, Varies, Vinyl
Cooling
true
Cooling Features
Ductless
Heating
true
Heating Features
Ductless, Gas, Forced Air, Wall Furnace
Appliances
Gas Water Heater
Garage
--
Garage Spaces
0
Water Source
Connected, Public
Sewer
Connected
Roof
Flat, Shingle
Utilities
Sewer Connected, Water Connected
Parking Features
Other, See Remarks
Basement
Full
Construction Materials
Vinyl Siding
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.