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USANYElmira406 Dewitt Ave
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406 Dewitt Ave, Elmira, NY

House

For Sale

Listed price in listed location currency (USD).
$149,900

542

MLS® R1687931

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 2452 sqft
Garage Yes
Taxes $2,520
Days Active 2
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $61
MLS® Number R1687931

Property Address: 406 Dewitt Ave, Elmira, NY, 14901-2511

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

Description

Potential for $3, 800 per month gross rents! Excellent opportunity to acquire a well-maintained mixed-use 4-unit property in Elmira featuring three residential apartments and one commercial space. The building has been recently updated with modern flooring, refreshed interiors, and overall well-maintained units, making it ideal for both seasoned investors and owner-operators. The residential portion consists of one 1-bedroom apartment renting for $900/month (utilities included except garbage), one 2-bedroom/1-bath apartment renting for $1, 200/month (utilities included except garbage), and one 2-bedroom/1-bath apartment renting for $900/month plus gas and garbage. One unit features a beautifully tiled shower and updated bathroom finishes. All residential tenants are currently on month-to-month leases, providing flexibility for future rent adjustments or owner occupancy. The commercial space, previously rented for $800/month (utilities included except garbage), is currently vacant and used for storage, offering immediate upside potential through lease-up. Once the commercial space is re-rented, the projected gross rent roll would be just under $4, 000 per month, with additional room to increase rents over time given the updated condition of the units and strong demand for quality rentals in the area. This property offers a strong mix of residential stability and commercial income potential, with updated interiors and minimal deferred maintenance. Ideal opportunity to increase cash flow through lease-up of the commercial space and optimization of rents over time. Don’t miss this chance to add a versatile mixed-use asset to your portfolio in a steadily improving rental market. Building being sold as-is
MLS® NumberR1687931
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1910
BasementFull
DrivewayTwo Or More Spaces
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 4, 2026List Date
$149,900List Price
  • Commute

Commute

Starting Address
Destination Address
406 Dewitt Ave, Elmira, NY

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