Elmira Four-Unit Multifamily
For Sale
$89,900
Pending
1015 Lake St, Elmira, NY 14901
Four-unit property with income potential in Elmira, New York.
Days on Market97
Property Features for 1015 Lake St
General Information
Standard status
Pending
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 316-6468
Listed By:
Paul OBrien · License #10401362277
(607) 316-6468
Source:
Elliman
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 23 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Southern Tier & Finger Lakes
Investment Insights
Based on property information with market context.
This four-unit multi-family property is located in Elmira. Three units are occupied by long-term tenants, providing immediate income. The fourth unit is gutted, with construction materials on-site included, and is ready to be completed for additional income. Tenants benefit from the convenient location, access to public transportation, and on-site coin-operated laundry, which offers an additional income stream. A new roof was installed less than two years ago. This property is suitable for investors looking to expand their rental portfolio or buyers seeking a project with potential.
Key Highlights
- Immediate income from three occupied units with long‑term tenants.
- Fourth unit gutted and ready for renovation, offering potential for increased income.
- New roof installed less than two years ago.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 14901, NY
14,893
Population
6,739
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
80%
High-School Grad
33.2 sq mi
ZIP Area
449
Density / Sq Mi
$40,524
Median Household Income
$28,369
Median Earnings
$835
Median Rent
$90,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with income potential in Elmira, New York.
Where is this quadplex located?
The property is located at 1015 Lake St Elmira, NY.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: Immediate income from three occupied units with long‑term tenants.; Fourth unit gutted and ready for renovation, offering potential for increased income.; New roof installed less than two years ago.
