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    615 W Gray St Elmira, NY 14905

    Sponsored
    For Sale
    Pending
    $178,000

    MULTI_FAMILY - Other - Elmira, NY

    Property size:
    3,089 SF
    Lot size:
    0.25 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 6 at 4:06 pm

    Property Features for 615 W Gray St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Basement, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1
    Bedrooms
    6
    Bathrooms
    4
    APN
    070400-099-006-0001-040-000-0000
    Interior features
    CeilingFans
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Size
    3,089 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Hardwood, Tile, Laminate, Varies
    Building materials
    WoodSiding
    Roof type
    Shingle
    Architectural style
    Other

    Keller Williams Realty Southern Tier & Finger Lakes (607) 795-2900 [email protected]

    Listing agent Daniel J. Mower (607) 795-2900 License #10301205665

    Listing date Dec 30, 2025

    MLS# R1655061 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.

    Overview

    Elmira Turn-Key Investment Property

    This turn-key 3-unit investment property offers immediate rental income, with all units fully leased. Each apartment features two bedrooms, hardwood floors, and distinctive historic character from the home's circa-1860 origins, including exposed brick, built-ins, and timeless architectural details. The property features a versatile layout with one spacious two-story unit and two over/under apartments, providing flexibility and broad rental appeal. All three units are currently leased, delivering immediate cash flow from day one. Outside, there is a flat, partially fenced yard and large porches in the front, ideal for tenant use and easy maintenance. The property is located in Elmira, NY, and sits on a 0.2543-acre lot. The building has a size of 3089 square feet. The combination of historic charm, solid tenancy, and functional layout makes this a compelling addition to any investment portfolio. It presents a rare chance to own a turn-key, income-producing property with character and long-term rental demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -76.820263
    Latitude
    42.085124

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    FAQs

    What type of property is this?
    Triplex - Turn-key 3-unit property with immediate rental income in Elmira.
    Where is this triplex located?
    The property is located at 615 W Gray St Elmira, NY.
    What is the asking price?
    The asking price for this property is $178,000.
    What are key features of this property?
    This property features: - Turn-key investment property with all units currently leased, providing immediate rental income.; - Three units: **one spacious two-story unit and two over/under apartments**, offering a versatile layout.; - Historic character with **exposed brick, built-ins, and timeless architectural details** from circa-1860 origins.
    (607) 207-6257
    Request Owner's contact information
    615 W Gray St Elmira, NY 14905
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    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
    615 W Gray St Elmira, NY 14905
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