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    600 W Gray St Elmira, NY 14905

    For Sale
    $80,000

    MULTI_FAMILY - Other - Elmira, NY

    Property size:
    3,447 SF
    Lot size:
    0.16 Acres
    Days on Market:
    132
    Last Refresh:
    Dec 9 at 5:06 am

    Property Features for 600 W Gray St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 2, Basement, Bedroom 3, Bathroom 1
    Bedrooms
    7
    Bathrooms
    5
    APN
    070400-099-006-0001-016-000-0000
    Parking features
    Paved or Surfaced
    Appliances
    GasWaterHeater
    Size
    3,447 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Steam, Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1886
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Laminate, Varies, Vinyl, Hardwood
    Building materials
    WoodSiding
    Architectural style
    Other

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

    Listing agent Morgan Leach (607) 936-4663 License #10401364003

    Listing date Jul 31, 2025

    MLS# R1626914 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 Multi-Unit Investment Opportunity

    This multi-family property in Elmira, NY, presents an opportunity with its current configuration of 3 units and the potential to create a fourth. The property, situated on a 0.1593-acre lot, includes a total of 3,447 square feet of space. The downstairs unit features 3 bedrooms and 2 full bathrooms. The upstairs unit offers 2 bedrooms and 1 full bathroom. The third unit can be configured as a spacious 2-bedroom, 2-bathroom apartment or divided into two studio apartments, each with 1 bedroom and 1 full bathroom. A 2-car attached garage provides added convenience. With updates, this multi-unit property has the potential to generate rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -76.81968
    Latitude
    42.085739

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    FAQs

    What type of property is this?
    Multifamily property - Multi-family property with potential for 4 units in Elmira.
    Where is this multifamily property located?
    The property is located at 600 W Gray St Elmira, NY.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Potential for 4 units to maximize rental income.; - Existing 3 units with flexible configuration options.; - Downstairs unit: **3 bedrooms, 2 full baths**.
    (607) 936-4663
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    600 W Gray 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
    600 W Gray St Elmira, NY 14905
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