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    401 Lower Pace Rd Corning, NY 14830

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    For Sale
    $155,000

    Two-unit multi-family property with long-term tenants and separate utilities.

    Lot size:
    0.52 Acres

    Property Features for 401 Lower Pace Rd

    General Information

    Lot size
    0.52 Acres

    Building Details

    Year built
    1900

    Source: Cabins to Castles Agent Stacey L. Parrish

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

    Overview

    Corning Investment Opportunity

    This two-unit multi-family property presents an investment opportunity in Corning. The property is currently rented to long-term tenants. The lower level unit, currently configured as a two-bedroom apartment, features hardwood floors and wood moldings throughout, along with a large kitchen. The upstairs unit also has two bedrooms. Each unit has separate driveways and utilities. A detached two-car garage is included. The property also features a washer and dryer in the basement with walkout access and a large wooded backyard. The property is located across the street from a wooded lot.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Steuben
    State
    New York
    Longitude
    -77.0711411
    Latitude
    42.145785

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    FAQs

    What type of property is this?
    Duplex - Two-unit multi-family property with long-term tenants and separate utilities.
    Where is this duplex located?
    The property is located at 401 Lower Pace Rd Corning, NY.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Investment opportunity with long-term tenants in place.; - Two separate units, each with 2 bedrooms.; - Separate driveways and utilities for each unit.
    (607) 351-7425
    Request Owner's contact information
    401 Lower Pace Rd Corning, NY 14830
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    Corning, NY 14830
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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
    401 Lower Pace Rd Corning, NY 14830
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