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Updated Triplex with Detached Garage
For Sale
$239,000

403 Walnut Street, Elmira, NY 14901

Updated systems, off-street parking, and coin laundry support ongoing multifamily use.

Property SizeContact for details
Days on Market110

Property Features for 403 Walnut Street

General Information

Standard status Active
Property subtype Multi-Family

Amenities

Ductless
Gas
Forced Air
Wall Furnace
Gas Water Heater
Sewer Connected, Water Connected, Flat, Shingle

Building Details

Year Built 1952
Stories 2
Listing Agency: KW Southern Tier & Finger Lakes
Listed By: Andrew Hughes · License #DRE
Source: Kw
Added: May 14 Changed: Aug 29 Last Checked: Aug 31 at 1:40AM

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 KW Southern Tier & Finger Lakes

Investment Insights

Based on property information with market context.

This 3,052-square-foot triplex, constructed in 1952, includes three apartments, a detached garage, a large parking area, and a coin-operated laundry room. Two apartments were rebuilt from the studs, while significant electrical and plumbing work has been completed. The roof was replaced in July 2024, and most windows have been replaced. The improvements were fully permitted.

A nearly 1,000-square-foot efficiency apartment occupies space formerly used as a yoga studio and provides an open layout within the property’s unit mix. Two apartments have separate utilities. Located at 403 Walnut St in Elmira, the property also includes room for potential expansion or additional development.

Key Highlights

  • 3‑unit multifamily property totaling 3,052 square feet
  • New roof installed July 2024; most windows replaced
  • Two apartments completely renovated down to the studs

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Catering Service Acupuncture Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

812
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 - Updated systems, off-street parking, and coin laundry support ongoing multifamily use.
Where is this triplex located?
The property is located at 403 Walnut Street Elmira, NY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 3‑unit multifamily property totaling 3,052 square feet; New roof installed July 2024; most windows replaced; Two apartments completely renovated down to the studs
More about this property
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