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Turnkey Elmira Multifamily Investment Property

403 Walnut Street, Elmira, NY 14901

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For Sale

$249,000

MULTI_FAMILY - Elmira, NY

Property size:

3,052 SF

Price / SF:

$81/SF

HighLights

3‑unit multifamily property in Elmira, NY generating $2,850/month in rental income with no delinquency issues
New roof installed July 2024; most windows replaced; all work fully permitted
Two apartments renovated down to the studs with significant electrical and plumbing upgrades
Nearly 1,000 SF efficiency apartment converted from a former yoga studio with open‑concept layout
Large parking lot with abundant off‑street parking plus a detached garage
Coin‑operated laundry room; two units with separated utilities

We can help!

Contact an agent

Andrew Hughes

For Sale

$249,000

MULTI_FAMILY - Elmira, NY

Property size:

3,052 SF

Price / SF:

$81/SF

Added:: May 12, 2026
Days on Market:: 56
Last Refresh:: Jul 6 at 10:06 am

Property Features for 403 Walnut Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 3
Rooms: Bathroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 1
Appliances: GasWaterHeater
Standard status: Active
APN: 070400-089-018-0001-031-000-0000
Size: 3,052 SF

Taxes and HOA fees

Tax Annual Amount: 5007

Utilities

Heating system: Ductless (Heating), Forced Air, Natural Gas
Cooling system: Ductless
Water source: Public

Building Details

Year built: 1952
Floors in Building: 2
Number of units: 3
Flooring type: Vinyl, Varies, Carpet, Laminate
Building materials: VinylSiding
Roof type: Flat, Shingle

We can help!

Contact an agent

Andrew Hughes

Listing agent Andrew Hughes License #10401336330

Listing office Keller Williams Realty Southern Tier & Finger Lakes 21 E MARKET ST, SUITE 101, Elmira, NY

Listing date May 12, 2026

MLS# R1679872 Listing URL

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.

HighLights

3‑unit multifamily property in Elmira, NY generating $2,850/month in rental income with no delinquency issues
New roof installed July 2024; most windows replaced; all work fully permitted
Two apartments renovated down to the studs with significant electrical and plumbing upgrades
Nearly 1,000 SF efficiency apartment converted from a former yoga studio with open‑concept layout
Large parking lot with abundant off‑street parking plus a detached garage
Coin‑operated laundry room; two units with separated utilities

Overview

This is a well-maintained 3-unit multifamily property located in Elmira, NY. The property is an income-producing asset with a strong rental history. It has undergone major capital improvements and offers additional upside potential with ample parking, garage space, and room for future development. The property currently generates $2,850/month in rental income. Major improvements include a new roof installed in July 2024, mostly replaced windows, fully permitted work, and significant electrical and plumbing upgrades. Two apartments have been completely renovated down to the studs. One of the standout features is a nearly 1,000 square foot efficiency apartment converted from a former yoga studio, offering an open-concept layout. Additional highlights include a large parking lot with abundant off-street parking, a detached garage, a coin-operated laundry room for additional income, and two units with separated utilities. There is space and potential for future expansion or additional development. The property size is 3,052 square feet. The property combines stability, modernized systems, and future upside, making it suitable for investors looking for a solid multifamily asset with value-add potential. It offers a mix of cash flow, updates, and opportunity.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Elmira
County: Chemung
State: New York
Longitude: -76.818658
Latitude: 42.088887

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For sale
Triplexes
NY
Elmira
14901
403 Walnut Street

What type of property is this?

Triplex - Updated 3-unit property with parking, garage, and expansion potential.

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 $249,000.

What are key features of this property?

This property features: 3‑unit multifamily property in Elmira, NY generating $2,850/month in rental income with no delinquency issues; New roof installed July 2024; most windows replaced; all work fully permitted; Two apartments renovated down to the studs with significant electrical and plumbing upgrades

403 Walnut Street, Elmira, NY 14901

MULTI_FAMILY - Elmira, NY

Property Features for 403 Walnut Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four-Story Downtown Office Building

Freestanding Office Building with Parking

Updated Office Suite with Private Offices

Elmira Restaurant Opportunity

Corner Commercial Property with Offices

Redevelopment Property with Apartment

Two-Unit Building with Salon

Elmira Multifamily Investment Opportunity

Retail and Office Property with Storefront

Four-Unit Mixed-Use Income Property

Elmira Multifamily Investment Opportunity

Four-Unit Apartment Building

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