Two-Unit Residential Income
252 W 2nd Street Corning, NY 14830
For Sale
$209,900
MULTI_FAMILY - Other - Corning, NY
Property Size2,446 SF
Lot Size0.13 Acres
Price / SF$85.81
Days on Market471
Property Features for 252 W 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Rooms
Bedroom 4, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3
Appliances
ElectricWaterHeater
Standard status
Active
APN
460300-317-011-0002-050-000
Size
2,446 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
7161
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1886
Floors in Building
2
Number of units
2
Flooring type
Carpet, Varies, Hardwood, Laminate, Vinyl
Building materials
VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 795-2900
Listed By:
Kenneth Leath · License #10491208664
(607) 769-8263
Added: Apr 14, 2025
Changed: Jul 24
Last Checked: Jul 28 at 9:06AM
MLS# R1599345
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.
Investment Insights
Based on property information with market context.
This two-unit duplex offers two separate residences within a single property. The first-floor apartment includes three bedrooms, along with a spacious living room and dining room. That unit comes equipped with a refrigerator and range, plus washer and dryer, and it also features a small screened porch on the back of the unit. The second-floor apartment is configured with two bedrooms, also with a spacious living room and dining room. It includes a refrigerator and range, with hookups for laundry, and offers a small porch.
The property is located in Corning’s southside hill neighborhood and includes off-street parking accessed by a gravel driveway. In addition, there is a one-car garage with a large deck adjacent to it.
For buyers seeking an owner-occupied or investment-oriented residential income property, this duplex provides a practical, repeatable unit configuration with in-unit appliances and laundry options. The off-street parking and garage/deck area add convenience for residents, while the screened porch and porch elements provide outdoor space without adding complexity to the overall setup.
The property is located in Corning’s southside hill neighborhood and includes off-street parking accessed by a gravel driveway. In addition, there is a one-car garage with a large deck adjacent to it.
For buyers seeking an owner-occupied or investment-oriented residential income property, this duplex provides a practical, repeatable unit configuration with in-unit appliances and laundry options. The off-street parking and garage/deck area add convenience for residents, while the screened porch and porch elements provide outdoor space without adding complexity to the overall setup.
Key Highlights
- Two‑unit property with unit mix of a 3‑bedroom first‑floor apartment and a 2‑bedroom second‑floor apartment
- Each unit includes a refrigerator and range; first‑floor unit also has a washer and dryer
- Both units have a porch: a small screened porch on the back of the first‑floor unit and a small porch for the second‑floor unit
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 | $24.9k | $10.20 |
| − Vacancy | −$1.3k | −$0.53 |
| EGI | $23.6k | $9.67 |
| − OpEx | −$7.1k | −$2.90 |
| NOI | $16.6k | $6.77 |
2,446 SF · lease $10.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.5K
$206.9K – $275.9K
NOI $16,553 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$217.9K
$190.7K – $254.3K
NOI $15,256 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$596.3K
$521.8K – $695.7K
NOI $41,741 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with off-street parking and separate layouts, offering a straightforward residential income setup.
Where is this duplex located?
The property is located at 252 W 2nd Street Corning, NY.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑unit property with unit mix of a 3‑bedroom first‑floor apartment and a 2‑bedroom second‑floor apartment; Each unit includes a refrigerator and range; first‑floor unit also has a washer and dryer; Both units have a porch: a small screened porch on the back of the first‑floor unit and a small porch for the second‑floor unit
