252 W 2nd Street Corning, NY 14830
MULTI_FAMILY - Other - Corning, NY
- Added:
- Apr 14, 2025
- Days on Market:
- 455
- Last Refresh:
- Jul 12 at 7:06 am
Property Features for 252 W 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 5
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 460300-317-011-0002-050-000
- Size
- 2,446 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7161
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1886
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Vinyl, Hardwood, Varies, Carpet
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Kenneth Leath License #10491208664 (607) 769-8263
Listing office Keller Williams Realty Southern Tier & Finger Lakes 21 E MARKET ST, SUITE 101, Elmira, NY (607) 795-2900
Listing date Apr 14, 2025
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in Corning’s southside hill neighborhood and includes off-street parking accessed by a gravel driveway. In addition, there is a one-car garage with a large deck adjacent to it.
For buyers seeking an owner-occupied or investment-oriented residential income property, this duplex provides a practical, repeatable unit configuration with in-unit appliances and laundry options. The off-street parking and garage/deck area add convenience for residents, while the screened porch and porch elements provide outdoor space without adding complexity to the overall setup.
Key Highlights
- Two‑unit property with unit mix of a 3‑bedroom first‑floor apartment and a 2‑bedroom second‑floor apartment
- Each unit includes a refrigerator and range; first‑floor unit also has a washer and dryer
- Both units have a porch: a small screened porch on the back of the first‑floor unit and a small porch for the second‑floor unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.9k | $10.20 |
| − Vacancy | −$1.3k | −$0.53 |
| EGI | $23.6k | $9.67 |
| − OpEx | −$7.1k | −$2.90 |
| NOI | $16.6k | $6.77 |
