Duplex Renovation
For Sale
Contact for pricing
353 Columbia Street, Elmira, NY 14901
Residential, Elmira, NY
Property Size2,082 SF
Lot Size0.06 Acres
Price / SF$9.56
Days on Market70
Property Features for 353 Columbia Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Paved or Surfaced
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school district
Elmira
Middle school district
Elmira
High school district
Elmira
Subdivision
Elmira-City-070400
Standard status
Active
APN
070400-089-018-0007-025-000-0000
Size
2,082 SF
Lot size
0.06 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
3274
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood
Building materials
ShakeSiding
Listing Agency:
Howard Hanna Horseheads
(607) 739-1444
Listed By:
Nicholas Magera · License #10401326121
(607) 426-4541
Added: Aug 22
Changed: Oct 30
Last Checked: Oct 30 at 7:06PM
MLS# R1709178
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,082 square feet and is currently stripped to the studs, providing a reconstruction project with two separate residential units. The layout is configured for 2/3 bedrooms per unit, with two bathrooms, a basement, hardwood flooring in portions of the property, shake siding, and paved or surfaced parking. Each unit has its own electric meter. Natural gas forced-air heat and a gas water heater are in place, while the property is served by public water.
Built in 1870, the property occupies 0.0645 acres at 353 Columbia Street in Elmira, NY. It is within walking distance of LECOM and Arnot Hospital, with access to I-86 a short drive away. The central Elmira setting provides proximity to identified medical and educational destinations.
Built in 1870, the property occupies 0.0645 acres at 353 Columbia Street in Elmira, NY. It is within walking distance of LECOM and Arnot Hospital, with access to I-86 a short drive away. The central Elmira setting provides proximity to identified medical and educational destinations.
Key Highlights
- 2,082‑square‑foot duplex stripped to the studs
- Two‑unit layout configured for 2/3 bedrooms per unit
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,306,185
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,123,700
$26.1M
Cap Rate 7%
$18,659,786
$18.7M
Cap Rate 9%
$14,513,167
$14.5M
Market Conditions
NOI Build-Up for 2,082 SF
Gross rent
$2.42M $1,160.40/SF
− Vacancy
−$41.1K −$19.73/SF
EGI
$2.37M $1,140.67/SF
− OpEx
−$1.07M −$513.30/SF
NOI
$1.31M $627.37/SF
Area
Chemung County, NY
Vacancy
1.70%
Lease Rate
$1,160.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,123,700
Cap Rate 7%
$18,659,786
Cap Rate 9%
$14,513,167
Alternative Uses
Best Use
Multifamily LT 5
$18.95M
$16.58M – $22.11M
NOI $1,326,677 @ 7.0% cap · market cap 6,666.72%
Second Best
Apartment 5plus
$18.66M
$16.33M – $21.77M
NOI $1,306,185 @ 7.0% cap · market cap 6,563.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Gutted interior with separate electric metering and a two-unit residential layout ready for reconstruction.
Where is this duplex located?
The property is located at 353 Columbia Street Elmira, NY.
What are key features of this property?
This property features: 2,082‑square‑foot duplex stripped to the studs; Two‑unit layout configured for 2/3 bedrooms per unit; Separate electric meters for each unit
