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    112 E Chemung Pl Elmira, NY 14904

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    For Sale
    $64,900

    Two-unit property with long-term tenants, generating monthly income.

    Lot size:
    0.16 Acres

    Property Features for 112 E Chemung Pl

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1920
    Source: Elliman

    Listing Agent: Thomas Easton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elmira Duplex Investment Opportunity

    This is a two-unit investment property that is fully occupied. The lower unit features 3 bedrooms and 1 full bathroom. A long-term tenant has occupied this unit for approximately 10+ years and is paying $650 monthly plus utilities. The upper unit includes 1 bedroom and 1 full bathroom, with the tenant paying $750 monthly plus utilities. A garage is located on the back side of the property.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.8022438
    Latitude
    42.0850125

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with long-term tenants, generating monthly income.
    Where is this duplex located?
    The property is located at 112 E Chemung Pl Elmira, NY.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: - Fully occupied 2-unit investment property; - Long-term tenant (10+ years) in the lower 3-bedroom unit; - Two units provide combined rental income
    (607) 398-8887
    Request Owner's contact information
    112 E Chemung Pl Elmira, NY 14904
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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
    112 E Chemung Pl Elmira, NY 14904
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