Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Unit Residential Income Duplex Title is generated by Realmo AI

    241 Decatur St, Corning, NY 14830

    View on Map
    Claim this Listing
    New
    For Sale
    $150,000

    Well-maintained duplex with separate utilities and laundry for each unit, supporting rental income and owner-occupant flexibility.

    Type:Multi Family
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 6:08 am

    Property Features for 241 Decatur St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1897

    We can help!

    Listing Contact
    Daniel J. Mower
    Daniel J. Mower

    Listing agent Daniel J. Mower License #10301205665

    Listing office Keller Williams Realty Southern Tier & Finger Lakes

    Listing date Jun 3, 2026

    Source Elliman

    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 Keller Williams Realty Southern Tier & Finger Lakes

    HighLights

    • 2‑unit duplex at 241 Decatur St, built in 1897, in a very walkable Corning neighborhood (Walk Score 80).
    • Unit mix: first‑floor 2BR/1BA and second‑floor 3BR/1BA, both with in‑unit laundry facilities.
    • Utilities are separately metered and tenant‑paid; owner currently pays water/sewer.
    • Second‑floor unit is occupied by a long‑term tenant of ~6 years.
    • Recent updates include replacement windows, vinyl siding, and a roof installed in 2010.
    • Lower unit will be vacated shortly; first‑floor layout includes 2 bedrooms, a full laundry, kitchen, and living room.

    Overview

    This well-kept 2-unit property offers two separate residences within one duplex setup. The first-floor unit features 2 bedrooms and 1 full bath, with a full kitchen and living room and in-unit laundry. The second-floor unit has 3 bedrooms and 1 full bath, also with its own laundry facilities. Utilities are separately metered and tenant-paid, while the owner is currently responsible for water and sewer. Recent exterior and building improvements include replacement windows, vinyl siding, and a roof installed in 2010.

    Located in Corning, the property is described as highly convenient and very walkable, with proximity to grocery stores, Market Street, downtown Corning, restaurants, shops, museums, and everyday amenities. The upstairs unit is currently occupied by a stable, long-term tenant of approximately 6 years, paying below-market rent and receiving a $100 per month discount for lawn care and snow removal. The lower unit is scheduled to be vacated shortly.

    For tenants and buyers seeking straightforward rental structure, this duplex provides separate utilities and in-unit laundry for both apartments, reducing shared utility complexity. The mix of bedroom sizes can appeal to a range of households, and the ability to occupy one unit while renting the other may support an owner-occupant plan to offset housing costs with rental income.
    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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Steuben
    State
    New York
    Longitude
    -77.0598268
    Latitude
    42.15598

    Nearby Similar for Sale

    • $800,000
      11,558 SF

      Historic Victorian Multifamily Investment Property

      Turn-key investment opportunity in Corning's historic district.
      201 Pine Street, Corning, NY 14830
      View Details
    • $600,000
      5,880 SF

      Single-Story Four-Unit Office Building

      Well-maintained investment property leased to a long-term national franchise tenant with renewal options through 2032.
      107-113 W Market Street, Corning, NY 14830
      View Details
    • $1,575,000
      11,776 SF

      Commercial Building in Gaffer District

      High-visibility commercial building in Corning's historic Gaffer District.
      2-4 E Market Street, Corning, NY 14830
      View Details
    • $150,000
      1,844 SF

      Two-Unit Residential Income Duplex

      Well-kept 2-unit duplex with separate utilities and in-unit laundry, offering existing income and upside potential.
      241 Decatur Street, Corning, NY 14830
      View Details
    • $190,000

      Main Street Market & Deli

      Established market and deli in high-traffic area, CORNING, NY
      1613 Main Street, CORNING, NY 14898
      View Details
    • $150,000
      2,743 SF

      Two-Unit Property Near Downtown Corning

      Income potential with two units and off-street parking.
      259 Sunset Drive, Corning, NY 14830
      View Details
    • $140,000
      2,048 SF

      Two-Unit Property with Recent Upgrades

      Two-unit property in Corning, NY with many recent upgrades.
      176 W Pulteney Street, Corning, NY 14830
      View Details
    • $175,000
      1,986 SF

      Modern Duplex Near Denison Park

      Two-unit property with modern interiors and convenient location.
      170 Park Avenue, 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
    • $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
    • $256,000
      2,374 SF

      Updated Two-Unit Multifamily Property

      Newly updated two-unit property near Market St in Corning, NY.
      86 W SECOND Street, Corning, NY 14830
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with separate utilities and laundry for each unit, supporting rental income and owner-occupant flexibility.
    Where is this duplex located?
    The property is located at 241 Decatur St Corning, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 2‑unit duplex at 241 Decatur St, built in 1897, in a very walkable Corning neighborhood (Walk Score 80).; Unit mix: first‑floor 2BR/1BA and second‑floor 3BR/1BA, both with in‑unit laundry facilities.; Utilities are separately metered and tenant‑paid; owner currently pays water/sewer.
    (607) 207-6257
    We can help!
    Listing Contact
    Daniel J. Mower
    Daniel J. Mower
    Real Estate License ID: 10301205665
    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

    Thank You for Inquiry
    241 Decatur St, Corning, NY 14830
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!