Five-Unit Residential Income
For Sale
$99,500
424 W 4th St, Elmira, NY 14901
Five-unit residential building with four one-bedroom units and one two-bedroom unit, recently refreshed with a new roof and hot water tanks.
Property SizeContact for details
Days on Market53
Property Features for 424 W 4th St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
5
Building Details
Year Built
1957
Tenancy
Multi
Listing Agency:
Warren Real Estate Elmira/Corning/Horseheads
(607) 207-0307
Listed By:
Adrian Irvin · License #10401328761
(607) 207-0307
Source:
Elliman
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 5 at 11:07AM
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 Warren Real Estate Elmira/Corning/Horseheads
Investment Insights
Based on property information with market context.
This is a five-unit residential income property configured with four one-bedroom units and one two-bedroom unit. The building has been partially updated by the current owner, including a brand-new roof and new hot water tanks. The remaining value-add is largely in cosmetic improvements, providing flexibility for an investor or buyer to tailor finishes to their plan.
The property is located in Elmira, NY and offered for sale as a single multifamily asset. While no additional building system details or unit-by-unit features were provided, the recent exterior and water-heating replacements are key building components to review during due diligence.
For buyers seeking a small multifamily investment, the unit mix offers a straightforward rental profile: multiple one-bedroom apartments alongside a two-bedroom apartment. This configuration can appeal to tenants looking for either smaller or larger layouts, and it provides an owner with several independently rentable units within one property. Prospective investors should confirm unit conditions, rents, and operating expenses during their inspection and review process.
The property is located in Elmira, NY and offered for sale as a single multifamily asset. While no additional building system details or unit-by-unit features were provided, the recent exterior and water-heating replacements are key building components to review during due diligence.
For buyers seeking a small multifamily investment, the unit mix offers a straightforward rental profile: multiple one-bedroom apartments alongside a two-bedroom apartment. This configuration can appeal to tenants looking for either smaller or larger layouts, and it provides an owner with several independently rentable units within one property. Prospective investors should confirm unit conditions, rents, and operating expenses during their inspection and review process.
Key Highlights
- Five‑unit residential building (4 one‑bedroom units and 1 two‑bedroom unit) in Elmira.
- Year built: 1957.
- Recently refreshed with a new roof.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,173
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?
Apartment building - Five-unit residential building with four one-bedroom units and one two-bedroom unit, recently refreshed with a new roof and hot water tanks.
Where is this apartment building located?
The property is located at 424 W 4th St Elmira, NY.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: Five‑unit residential building (4 one‑bedroom units and 1 two‑bedroom unit) in Elmira.; Year built: 1957.; Recently refreshed with a new roof.
