Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    213-215 Walnut Street Corning, NY 14830

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $200,000

    Two-unit property with remodeling and ample parking near Market Street.

    Type:Multi-Family
    Property size:
    3,600 SF
    Lot size:
    0.24 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 213-215 Walnut Street

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    0.24 Acres
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1880

    We can help!

    Listing Contact
    Kenneth Leath
    Kenneth Leath

    Listing agent Kenneth Leath License #10491208664

    Listing office KW Southern Tier & Finger Lakes

    Listing date Mar 11, 2026

    Source Kw

    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 KW Southern Tier & Finger Lakes

    Overview

    Two-Unit Property Near Market Street

    This two-unit property features apartments exceeding 1,800 square feet each. Each unit includes three bedrooms, one bathroom, and a first-floor laundry room. One unit has been completely remodeled and has a documented rental history. The other unit has been stripped to the studs, offering an opportunity for customization. The property includes a front porch and ample parking. The location provides convenient walking access to Market Street. Interior photos will be available soon. The property is suitable for use as a duplex, multifamily property, or residential income property.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Steuben
    State
    New York
    Longitude
    -77.0583
    Latitude
    42.1391

    Nearby Similar for Sale

    • $650,000
      5,880 SF

      Corning Investment Property with Tenant

      Four-unit building leased to Visionworks until 2027.
      107-113 W Market Street, Corning, NY 14830
      View Details
    • $190,000

      Retail Opportunity in Corning, NY

      Established market and deli with high foot traffic and parking.
      1613 Main Street, CORNING, NY 14898
      View Details
    • $1,795,000
      11,776 SF

      Commercial Building in Gaffer District

      High-quality commercial building in a historical district.
      2-4 E Market Street, Corning, NY 14830
      View Details
    • $139,000
      3,316 SF

      Mixed-Use Property in Corning, NY

      Commercial storefront with apartments and additional commercial space.
      135 Bridge Street, Corning, NY 14830
      View Details
    • $200,000
      3,600 SF

      Spacious Duplex Near Market Street

      Two-unit property with remodeling potential, near Market Street.
      213-215 Walnut Street, Corning, NY 14830
      View Details
    • $149,900
      2,740 SF

      Corning Multifamily Income Property

      Three-unit income property in Corning, NY with potential for improvements.
      148 W 3rd Street, Corning, NY 14830
      View Details
    • $197,000
      2,715 SF

      Versatile Home Zoned for Two-Family

      Well-maintained home with potential for multi-family conversion near Market Street.
      422 Watauga Avenue Extension, Corning, NY 14830
      View Details
    • $225,000
      2,170 SF

      Historical Mixed-Use Building on Market

      Mixed-use building with retail and apartment units on Market Street.
      88 E Market Street, Corning, NY 14830
      View Details
    • $124,000
      1,536 SF

      Charming Brick Home Near Market

      Multi-family home near Market Street, ideal for owner occupancy.
      173 Walnut Street, Corning, NY 14830
      View Details
    • $79,900
      2,099 SF

      Spacious Two-Unit Home with Garage

      Two-unit home with garage, renovation potential, near Market Street.
      360 E 1st Street, Corning, NY 14830
      View Details
    • $129,000
      2,640 SF

      Corning Triplex with Rented Units

      Investment opportunity: triplex in quiet neighborhood with separate utilities.
      63 Sterling Street, Corning, NY 14830
      View Details
    • $134,900
      2,120 SF

      Spacious Two-Unit Income Property

      Two-unit property with updated interiors, generating income in Corning.
      13-15 Maple Street, Corning, NY 14830
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property with remodeling and ample parking near Market Street.
    Where is this duplex located?
    The property is located at 213-215 Walnut Street Corning, NY.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Completely remodeled unit with good rental history.; Second unit stripped to studs, ready for custom finishing.; Two units, each with over 1,800 square feet.
    (607) 795-2922
    We can help!
    Listing Contact
    Kenneth Leath
    Kenneth Leath
    Real Estate License ID: 10491208664
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!