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Three-Unit Triplex with Separate Meters
New
For Sale
$64,900

316 W 1st St, Elmira, NY 14901

Unit mix includes two one-bedroom apartments and one two-bedroom apartment.

Property Size2,369 SF
Days on Market6

Property Features for 316 W 1st St

General Information

Standard status Active
Size 2,369 SF
Property subtype Multi Family

Property Condition

Severity Repairs Needed
Evidence needs some TLC

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $5,066

Building Details

Building Size 2,369 SF
Year Built 1902
Stories 2
Units 3
Listing Agency: RealtyUSA.com
Listed By: Jennifer Silata · License #10401284831
Source: Elliman
Added: Aug 23 Changed: Aug 28 Last Checked: Aug 28 at 3:45AM

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.

Built in 1902, this three-unit residential income property contains two 1-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. The layouts include living areas, with the first unit described as open and spacious and the third as compact. Each apartment has its own gas and electric meters, supporting separate utility management. The property needs some TLC.

Located at 316 W 1st St in Elmira, NY 14901, the property is near schools and shopping. Its Walk Score is 0, classified as Car-Dependent, while its BikeScore is 53, classified as Bikeable.

Key Highlights

  • Three rental units with two 1‑bedroom, 1‑bath layouts and one 2‑bedroom, 1‑bath layout
  • Separate gas and electric meters for each unit
  • Built in 1902

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Hair Salon Building Supply Storage Facility (Bike/Boat/Book/etc) Store

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

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,168
Businesses Nearby

Demographics for 14901, NY

14,893
Population
6,739
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
80%
High-School Grad
33.2 sq mi
ZIP Area
449
Density / Sq Mi
$40,524
Median Household Income
$28,369
Median Earnings
$835
Median Rent
$90,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Unit mix includes two one-bedroom apartments and one two-bedroom apartment.
Where is this triplex located?
The property is located at 316 W 1st St 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 rental units with two 1‑bedroom, 1‑bath layouts and one 2‑bedroom, 1‑bath layout; Separate gas and electric meters for each unit; Built in 1902
More about this property
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