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    451 E Market St Elmira, NY 14901

    For Sale
    $899,000

    17-unit mixed-use property with income potential on high-visibility street.

    Lot size:
    0.21 Acres

    Property Features for 451 E Market St

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1900

    Source: Warren Real Estate Greater Binghamton Agent Ethan Cook

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

    Overview

    Mixed-Use Property on East Market

    This is a 17-unit mixed-use property located on East Market Street in Elmira. The property includes 15 residential apartments and 2 commercial spaces. The unit mix features 4 one-bedroom, 9 two-bedroom, and 2 three-bedroom apartments. Gas utilities are tenant-paid. There are also 6 secure basement storage units available, including four 1520 sq ft units and two 1010 sq ft units, that offer the potential to generate additional income. The property benefits from its location on East Market Street and includes off-street parking at 154 & 158 Fox Street. The property consists of three parcels. Tax Map ID # for 154 Fox St: 89.20-2-58, Tax Map ID # for 158 Fox St: 89.20-2-59.
    Insight Report Location Intelligence

    Current Use by Public Records

    Open Door Baptist ... Baptist Church

    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
    -76.8001168
    Latitude
    42.0906035

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    FAQs

    What type of property is this?
    Mixed-use property - 17-unit mixed-use property with income potential on high-visibility street.
    Where is this mixed-use property located?
    The property is located at 451 E Market St Elmira, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High 8.2% Cap Rate; - Income-Generating 17-Unit Mixed-Use Property (15 Residential, 2 Commercial); - Prime, High-Visibility East Market Street Location
    (315) 719-2259
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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
    451 E Market St Elmira, NY 14901
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