Back to Search

Turnkey Elmira Multifamily Investment Property

403 Walnut Street Elmira, NY 14901

For Sale

$249,000

MULTI_FAMILY - Elmira, NY

Property size:

3,052 SF

Price / SF:

$81/SF

For Sale

$249,000

MULTI_FAMILY - Elmira, NY

Property size:

3,052 SF

Price / SF:

$81/SF

Added:: May 12, 2026
Days on Market:: 62
Last Refresh:: Jul 12 at 8:06 am

Property Features for 403 Walnut Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 3
Rooms: Bedroom 1, Basement, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
Appliances: GasWaterHeater
Standard status: Active
APN: 070400-089-018-0001-031-000-0000
Size: 3,052 SF

Taxes and HOA fees

Tax Annual Amount: 5007

Utilities

Heating system: Natural Gas, Forced Air, Ductless (Heating)
Cooling system: Ductless
Water source: Public

Building Details

Year built: 1952
Floors in Building: 2
Number of units: 3
Flooring type: Vinyl, Laminate, Varies, Carpet
Building materials: VinylSiding
Roof type: Shingle, Flat

Listing agent Andrew Hughes License #10401336330

Listing office Keller Williams Realty Southern Tier & Finger Lakes 21 E MARKET ST, SUITE 101, Elmira, NY

Listing date May 12, 2026

MLS# R1679872 Listing URL

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.

This is a well-maintained 3-unit multifamily property located in Elmira, NY. The property is an income-producing asset with a strong rental history. It has undergone major capital improvements and offers additional upside potential with ample parking, garage space, and room for future development. The property currently generates $2,850/month in rental income. Major improvements include a new roof installed in July 2024, mostly replaced windows, fully permitted work, and significant electrical and plumbing upgrades. Two apartments have been completely renovated down to the studs. One of the standout features is a nearly 1,000 square foot efficiency apartment converted from a former yoga studio, offering an open-concept layout. Additional highlights include a large parking lot with abundant off-street parking, a detached garage, a coin-operated laundry room for additional income, and two units with separated utilities. There is space and potential for future expansion or additional development. The property size is 3,052 square feet. The property combines stability, modernized systems, and future upside, making it suitable for investors looking for a solid multifamily asset with value-add potential. It offers a mix of cash flow, updates, and opportunity.

Key Highlights

3‑unit multifamily property built in 1952 with public water service
New roof installed July 2024; major permitted improvements include significant electrical and plumbing upgrades
Two apartments were renovated down to the studs, including updates to flooring found as vinyl, laminate, and carpet

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Similar For Sale Nearby

$1,400,000

37,752 SF

Four-Story Downtown Office Building

Four-story CBD office building with secure restrooms and after-hours entry access for tenants.

100 N Main Street, Elmira, NY 14901

View Details
$299,000

4,000 SF

Freestanding Office Building with Parking

A freestanding office building with multiple private offices, conference rooms, and central air, with blacktop parking.

215 W Church Street, Elmira, NY 14901

View Details
$109,900

4,378 SF

Updated Office Suite with Private Offices

Move-in-ready office space with private offices, kitchenette, and dual bathrooms, plus a flexible layout and full basement storage.

108 Lake Street, Elmira, NY 14901

View Details
$269,900

4,658 SF

Turnkey Restaurant with Apartment

For sale, turnkey restaurant operation with an additional fully functional apartment next door.

1157 N Main Street, Elmira, NY 14901

View Details
$350,000

8,761 SF

Remodeled Restaurant with Full Bar

Remodeled restaurant with two dining rooms, full bar, and outdoor patio seating, plus handicap restrooms and about 300 seats.

500 S Main Street, Elmira, NY 14904

View Details
$154,900

4,400 SF

Corner Office Building with Parking

Corner commercial office space totaling 4,400 SF, currently laid out into six private offices with on-site parking.

357 E 5th Street, Elmira City, NY 14901

View Details
$185,000

2,559 SF

Two-Unit Mixed-Use Building

Two-unit building with a full-service beauty salon on the first floor and an apartment with separate entrance above.

1105 Walnut Street, Elmira, NY 14905

View Details
$575,000

3,960 SF

Elmira Multifamily Investment Opportunity

Eight-unit apartment complex in West Elmira, excellent investment property.

919-921 W 1st Street, Elmira, NY 14905

View Details
$135,000

2,426 SF

Retail and Office Storefront

Available retail and office space with storefront display window, private parking lot, and overhead door with garage space.

1252 College Avenue, Elmira, NY 14901

View Details
$239,900

2,466 SF

Four-Unit Mixed-Use Income Property

Well-maintained mixed-use income property with three residential units and a detached garage ADU with conversion potential.

2096 College Avenue, Elmira, NY 14903

View Details
$120,000

5,544 SF

Four-Unit Apartment Building

Two upper and two lower 2-bedroom units with enclosed porches and separate gas and electric services.

319 Sylvester Place, Elmira, NY 14904

View Details
$599,000

21,257 SF

Former Funeral Home Redevelopment Site

Two-level building with elevator, multiple entrances, and additional garage structures plus a vacant adjacent property.

1050 Pennsylvania Ave, Elmira, NY 14904

View Details

For sale
Triplexes
NY
Elmira
14901
403 Walnut Street

What type of property is this?

Triplex - Updated 3-unit property with parking, garage, and expansion potential.

Where is this triplex located?

The property is located at 403 Walnut Street Elmira, NY.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: 3‑unit multifamily property built in 1952 with public water service; New roof installed July 2024; major permitted improvements include significant electrical and plumbing upgrades; Two apartments were renovated down to the studs, including updates to flooring found as vinyl, laminate, and carpet

403 Walnut Street Elmira, NY 14901

MULTI_FAMILY - Elmira, NY

Property Features for 403 Walnut Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Four-Story Downtown Office Building

Freestanding Office Building with Parking

Updated Office Suite with Private Offices

Turnkey Restaurant with Apartment

Remodeled Restaurant with Full Bar

Corner Office Building with Parking

Two-Unit Mixed-Use Building

Elmira Multifamily Investment Opportunity

Retail and Office Storefront

Four-Unit Mixed-Use Income Property

Four-Unit Apartment Building

Former Funeral Home Redevelopment Site

FAQs