Elmira Multifamily Investment
For Sale
$149,900
Pending
355 W Thurston Street, Elmira, NY 14901
MULTI_FAMILY - Other - Elmira, NY
Property Size4,350 SF
Lot Size0.13 Acres
Days on Market99
Property Features for 355 W Thurston Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Basement, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
Patio and Porch features
Porch
Exterior features
Balcony
Appliances
ElectricWaterHeater, GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Elmira
Middle school district
Elmira
High school district
Elmira
Directions
I-86 E to Horseheads exit, south toward Elmira via NY-14/Grand Central Ave. Continue into Elmira, then turn right onto W Thurston St. Property on left.
Subdivision
Elmira-City-070400
Standard status
Pending
APN
070400-079-017-0001-051-000-0000
Size
4,350 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
5385
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Laminate, Carpet, Varies
Building materials
Brick, Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 795-2900
Listed By:
Paul OBrien · License #10401362277
(607) 316-6468
Added: Apr 24
Changed: Jul 12
Last Checked: Jul 31 at 8:06AM
MLS# R1671293
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 is a fully occupied 4-unit multifamily property located in Elmira, NY. The property has been operated conservatively with long-term occupancy and generates a gross annual income of nearly $30,000. Rents appear to be below current market potential, offering the next owner the opportunity to improve performance over time through gradual rent increases and expense review. The property features separate heating/furnaces, laundry income, and a double lot. It is a rare 4-unit option for an investor seeking a steady multi-unit property with room to grow. The lot size is 0.1263 acres and the property size is 4350 square feet.
Key Highlights
- Fully occupied 4‑unit property with nearly $30,000 in current gross annual income
- Separate heating/furnaces and multiple heat sources including electric and natural gas
- Includes laundry income and utilities included in the listed rent
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
205
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied 4-unit property with income and growth potential.
Where is this quadplex located?
The property is located at 355 W Thurston Street Elmira, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Fully occupied 4‑unit property with nearly $30,000 in current gross annual income; Separate heating/furnaces and multiple heat sources including electric and natural gas; Includes laundry income and utilities included in the listed rent
