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Three-Unit Residential Triplex
For Sale
$142,000

1319 Lake Street, Elmira, NY 14901

Separate electric, gas, and water meters serve the property’s units.

Property Size3,194 SF
Price / SF$44.46
Days on Market77

Property Features for 1319 Lake Street

General Information

Standard status Active
Size 3,194 SF
Property subtype Residential Income
Zoning RES-Multiple, RES-Multiple

Property Condition

Severity Repairs Needed
Evidence additional updating opportunities

Units

Unit Mix 1 x 3BR/1BA, 1 x 4BR/1BA, 1 x 3BR
Multifamily Units 3
Individually Metered Utilities electric, gas, water

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $2,180

Amenities

Porch

Building Details

Building Size 3,194 SF
Year Built 1920
Buildings 2
Units 3
Listing Agency: EXIT REALTY HOMEWARD BOUND
Listed By: Shannan Crescente
Source: Lindakentrealestate
Added: Aug 15 Changed: Oct 27 Last Checked: Oct 30 at 11:24AM

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 EXIT REALTY HOMEWARD BOUND

Rey
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Investment Insights

Based on property information with market context.

This residential triplex in Elmira contains two two-story units in the front building and a separate house at the rear. The front units have open living, dining, and kitchen areas, with three- and four-bedroom layouts described upstairs; the rear house has three bedrooms. Improvements include fresh paint, replacement flooring, exterior doors, appliances, PEX plumbing, and vinyl windows. The property totals 3,194 square feet and was built in 1920.

Each unit has separate electric, gas, and water meters. The property is zoned RES-Multiple. Nearby neighborhood features include sidewalks and a park, with Wegmans, restaurants, and shopping close by.

Key Highlights

  • Three residential units: two in the front building and a separate rear house
  • 3,194 square feet; built in 1920
  • Front units are two stories, with 3- and 4‑bedroom layouts upstairs

Property Analytics

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Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

266
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Separate electric, gas, and water meters serve the property’s units.
Where is this triplex located?
The property is located at 1319 Lake Street Elmira, NY.
What is the asking price?
The asking price for this property is $142,000.
What are key features of this property?
This property features: Three residential units: two in the front building and a separate rear house; 3,194 square feet; built in 1920; Front units are two stories, with 3- and 4‑bedroom layouts upstairs
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