403 Walnut Street, Elmira, NY 14901
Local realty services provided by:HUNT Real Estate ERA
403 Walnut Street,Elmira, NY 14901
$249,000
- 3 Beds
- 3 Baths
- 3,052 sq. ft.
- Multi-family
- Active
Listed by: andrew hughes
Office: keller williams realty southern tier & finger lakes
MLS#:R1679872
Source:NY_GENRIS
Price summary
- Price:$249,000
- Price per sq. ft.:$81.59
About this home
Turnkey 3-Unit Investment Property with Strong Updates, Parking, Garage & Expansion Potential
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.
The property currently generates $2,850/month in rental income with no delinquency issues, providing immediate cash flow for an investor or owner-operator.
Major improvements include:
• New roof installed July 2024
• Most windows replaced
• All work fully permitted
• Significant electrical and plumbing upgrades
• Two apartments completely renovated down to the studs
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.
Additional highlights include:
• Large parking lot with abundant off-street parking
• Detached garage
• Coin-operated laundry room for additional income
• Two units with separated utilities
• Space and potential for future expansion or additional development
• Strong tenant payment history
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.
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....
Contact an agent
Home facts
- Year built:1952
- Listing ID #:R1679872
- Added:2 day(s) ago
- Updated:May 16, 2026 at 02:54 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Laminate, Varies, Vinyl
- Basement:Yes
- Basement Description:Full
- Living area:3,052 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas, Wall Furnace
Structure and exterior
- Roof:Flat, Shingle
- Year built:1952
- Building area:3,052 sq. ft.
- Lot Features:Rectangular
- Construction Materials:Vinyl Siding
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$249,000
- Price per sq. ft.:$81.59
- Tax amount:$5,007
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