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    509 W 1St St Elmira, NY 14905

    Pending
    For Sale
    $59,000

    MULTI_FAMILY - Other - Elmira, NY

    Property size:
    2,014 SF
    Lot size:
    0.13 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 509 W 1St St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 2, Basement
    Bedrooms
    5
    Bathrooms
    2
    APN
    070400-089-018-0003-051-000-0000
    Parking features
    Driveway, On Street
    Appliances
    GasWaterHeater
    Size
    2,014 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Hardwood, Varies
    Building materials
    CompositeSiding
    Architectural style
    Other

    RealtyUSA.com (607) 287-8439 [email protected]

    Listing agent Keith C. Gustin (607) 733-2700 License #40GU1174840

    Listing date Nov 12, 2025

    MLS# R1646678 Listing URL

    Copyright © 2025 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.

    Overview

    Elmira Two-Unit Investment Opportunity

    This two-unit property in Elmira, New York, presents an investment opportunity. The property has a size of 2014 square feet and sits on a lot of 0.1286 acres. The lower unit is currently occupied by a tenant of over 10 years. The upper unit is vacant and ready for a new tenant. The property is being sold as is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.818428
    Latitude
    42.087667

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    FAQs

    What type of property is this?
    Duplex - Two-unit property in Elmira, great investment opportunity.
    Where is this duplex located?
    The property is located at 509 W 1St St Elmira, NY.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: - Great investment opportunity with two units.; - Lower unit has a long-term tenant (10+ years).; - Upper unit is vacant and ready for a new tenant.
    (607) 733-2700
    Request Owner's contact information
    509 W 1St St Elmira, NY 14905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    509 W 1St St Elmira, NY 14905
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