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    517-519 Pennsylvania Ave Elmira, NY 14904

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    For Sale
    $175,000

    Eight-unit multifamily property in Elmira's Southside with strong rental income.

    Lot size:
    0.21 Acres

    Property Features for 517-519 Pennsylvania Ave

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1930

    Source: Warren Real Estate Agent Khalid Osman

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

    Overview

    Elmira Multifamily Investment Opportunity

    This multifamily property, located in the Southside of Elmira, features eight units within its 6,834 square feet. Constructed in 1930, the building contains a mix of six one-bedroom apartments and two two-bedroom apartments. The property has updated electrical and plumbing systems. This property offers rental income potential.
    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
    -76.8033978
    Latitude
    42.0762832

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in Elmira's Southside with strong rental income.
    Where is this apartment building located?
    The property is located at 517-519 Pennsylvania Ave Elmira, NY.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Strong rental income potential in a desirable Elmira neighborhood.; - Updated electrical and plumbing systems enhance functionality and tenant appeal.; - 8-unit multifamily property provides portfolio diversification or entry into the multifamily market.
    (607) 398-4969
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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
    517-519 Pennsylvania Ave Elmira, NY 14904
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