Quadplex with Unfinished
2096 College Avenue, Elmira, NY 14903
For Sale
$239,900
Residential, Elmira, NY
Property Size2,466 SF
Lot Size0.19 Acres
Price / SF$97.28
Days on Market143
Property Features for 2096 College Avenue
General Information
Property type
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Bedrooms
Bathrooms
Full bathrooms
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Window features
Patio and Porch features
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Lot features
Elementary school
Middle school
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Middle school district
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Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
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Amenities
laundry hookups
exterior lighting
Building Details
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Floors in Building
Number of units
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Buildings
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 795-2900
Listed By:
Pamela Pariso · License NY #10401278422
(607) 742-1350
Added: Jun 23
Changed: Oct 30
Last Checked: Nov 12 at 6:06PM
MLS# R1693198
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,466-square-foot residential property includes three income-producing apartments in the main building, each with a private entrance. The layout includes a two-bedroom apartment with laundry hookup and vaulted ceilings, a studio with kitchenette and walk-in shower, and a one-bedroom apartment with separate utilities and its own furnace. A lower rear unit provides ramp access, while the basement adds two laundry hookups and finished space with electricity and a sink.
The detached garage includes an unfinished ADU that requires a range and bathroom completion before potential residential use. A paved parking lot accommodates approximately 12 cars and has exterior lighting. Commercial signage on the front and side conveys with the sale. The property is zoned for both commercial and residential use and includes a porch, public water, natural-gas heating, and a shingle roof.
The detached garage includes an unfinished ADU that requires a range and bathroom completion before potential residential use. A paved parking lot accommodates approximately 12 cars and has exterior lighting. Commercial signage on the front and side conveys with the sale. The property is zoned for both commercial and residential use and includes a porch, public water, natural-gas heating, and a shingle roof.
Key Highlights
- 2,466 SF property with three income‑producing residential units
- Detached garage ADU requires a range and bathroom completion
- Zoned for both commercial and residential use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,197
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,940
$403.9K
Cap Rate 7%
$288,529
$288.5K
Cap Rate 9%
$224,411
$224.4K
Market Conditions
NOI Build-Up for 2,466 SF
Gross rent
$35.5K $14.40/SF
− Vacancy
−$3.2K −$1.30/SF
EGI
$32.3K $13.10/SF
− OpEx
−$12.1K −$4.91/SF
NOI
$20.2K $8.19/SF
Area
Chemung County, NY
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,940
Cap Rate 7%
$288,529
Cap Rate 9%
$224,411
Alternative Uses
Best Use
Mixed Use
$288.5K
$252.5K – $336.6K
NOI $20,197 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.6K
$399.5K – $532.7K
NOI $31,959 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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Business Placement
Demographics for 14903, NY
7,279
Population
3,344
Households
2.2
Avg Household Size
42
Median Age
28%
College-Educated
95%
High-School Grad
21.6 sq mi
ZIP Area
337
Density / Sq Mi
$66,142
Median Household Income
$41,182
Median Earnings
$943
Median Rent
$123,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Elmira, NY
Properties on Market for Quadplexes in Elmira
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three income-producing apartments and a detached garage conversion support flexible residential use with additional unit potential.
Where is this quadplex located?
The property is located at 2096 College Avenue Elmira, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2,466 SF property with three income‑producing residential units; Detached garage ADU requires a range and bathroom completion; Zoned for both commercial and residential use
