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Listed price in listed location currency (USD).
$249,000

330

MLS® R1679872

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 3052 sqft
Garage 
Taxes $5,007
Days Active 2
Lot Size 
Approx. Age 1952
Avg. Price Per Sqft $81
MLS® Number R1679872

Property Address: 403 Walnut St, Elmira, NY, 14901-2406

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberR1679872
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1952
BasementFull
DrivewayOther, See Remarks
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 14, 2026List Date
$249,000List Price
  • Commute

Commute

Starting Address
Destination Address
403 Walnut St, Elmira, NY

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