Duplex Rental
179 Sly Ave Corning, NY 14830
179 Sly Ave, Corning, NY, 14830
$189,000
For Sale
$189,000
Duplex rental with private brick driveway and off-street parking near Market Street and local major employers.
Property Size2,111 SF
Price / SF$89.53
Days on Market381
Property Features for 179 Sly Ave
General Information
- Standard status
- Active
- Size
- 2,111 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1895
Listing agency
(607) 936-4663
Listed by
Howard Hanna Corning
(607) 765-0807
Source
Xome
Added: Jul 6, 2025 Updated: Jul 20 at 10:38PM Checked: Jul 21 at 3:04AM
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 Howard Hanna Corning
Investment Insights
Based on property information with market context.
This duplex rental property at 179 Sly Ave offers a convenient, commuter-friendly setup with off-street parking and a private, hand-laid brick driveway. The home is presented as an investor special, with a focus on classic character combined with practical updates.
The property is located in the heart of Corning, just minutes from downtown shopping and major employers. It is also described as being close to Market Street and the Corning Museum of Glass, with access to a major commuting route.
For sale as a rental-focused investment, the listing encourages buyers to schedule a private tour. The seller indicates motivation and will consider all offers.
The property is located in the heart of Corning, just minutes from downtown shopping and major employers. It is also described as being close to Market Street and the Corning Museum of Glass, with access to a major commuting route.
For sale as a rental-focused investment, the listing encourages buyers to schedule a private tour. The seller indicates motivation and will consider all offers.
Key Highlights
- Duplex rental at 179 Sly Ave with classic features and interior finishes including hardwood, tile, laminate, and carpet
- Private, beautifully hand‑laid brick driveway plus off‑street parking near Market Street and local major employers
- Fenced yard with rectangular lot dimensions of 66 x 56 and a shingle roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $10.20 |
| − Vacancy | −$1.1k | −$0.53 |
| EGI | $20.4k | $9.67 |
| − OpEx | −$6.1k | −$2.90 |
| NOI | $14.3k | $6.77 |
2,111 SF · lease $10.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$188.1K
$164.6K – $219.4K
NOI $13,166 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,024 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex rental with private brick driveway and off-street parking near Market Street and local major employers.
Where is this duplex located?
The property is located at 179 Sly Ave Corning, NY.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Duplex rental at 179 Sly Ave with classic features and interior finishes including hardwood, tile, laminate, and carpet; Private, beautifully hand‑laid brick driveway plus off‑street parking near Market Street and local major employers; Fenced yard with rectangular lot dimensions of 66 x 56 and a shingle roof
