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Elmira Multifamily Investment Opportunity
For Sale
$64,900

273 W Chemung Pl, Elmira, NY 14904

Three-unit multifamily property in Elmira, New York.

Property SizeContact for details
Days on Market102

Property Features for 273 W Chemung Pl

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1900
Listing Agency: RealtyUSA.com
Listed By: Keith C. Gustin · License #40GU1174840
Source: Elliman
Added: Apr 26 Changed: Jul 10 Last Checked: Aug 5 at 7:40AM

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 RealtyUSA.com

Investment Insights

Based on property information with market context.

This property presents an opportunity for investors, featuring a total of three units. The unit mix includes two one-bedroom apartments and one two-bedroom apartment. The property has a newer roof. While the exterior requires some attention, the interior is in good condition. The location is considered very bikeable with a score of 76 and very walkable with a score of 78.

Key Highlights

  • Three Units: Featuring two 1‑bedroom and one 2‑bedroom apartment, offering immediate rental income.
  • Priced to Sell: Don't miss this opportunity for profit.
  • Newer Roof: Reduces maintenance concerns.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Electrical Service Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,058
Businesses Nearby

Demographics for 14904, NY

15,102
Population
7,629
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
88%
High-School Grad
6.4 sq mi
ZIP Area
2,360
Density / Sq Mi
$54,563
Median Household Income
$35,128
Median Earnings
$1,005
Median Rent
$87,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three-unit multifamily property in Elmira, New York.
Where is this multifamily property located?
The property is located at 273 W Chemung Pl Elmira, NY.
What is the asking price?
The asking price for this property is $64,900.
What are key features of this property?
This property features: Three Units: Featuring two 1‑bedroom and one 2‑bedroom apartment, offering immediate rental income.; Priced to Sell: Don't miss this opportunity for profit.; Newer Roof: Reduces maintenance concerns.
More about this property
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