Turnkey Elmira Multifamily Investment
403 Walnut Street, Elmira, NY 14901
New
- Added:
- May 12, 2026
- Days on Market:
- 6
- Last Refresh:
- May 17 at 11:06 pm
Property Features for 403 Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 89.18-1-31
- 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
- Carpet, Laminate, Vinyl, Varies
- Building materials
- VinylSiding
- Roof type
- Shingle, Flat
Listing agent Andrew Hughes License #10401336330 (607) 731-2030
Listing office Keller Williams Realty Southern Tier & Finger Lakes 21 E MARKET ST, SUITE 101, Elmira, NY (607) 795-2900
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
- Turnkey 3‑unit property with immediate cash flow of $2,850/month and strong tenant payment history.
- Major capital improvements including a new roof (July 2024), mostly new windows, and significant electrical/plumbing upgrades (all permitted).
- Large, nearly 1,000 sq ft renovated efficiency apartment converted from a former yoga studio.
- Ample parking with a large parking lot and detached garage.
- Expansion potential for future development.
- Two units with separated utilities and coin‑operated laundry room for additional income.
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
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Elmira
- County
- Chemung
- State
- New York
- Longitude
- -76.818658
- Latitude
- 42.088887
Nearby Similar for Sale
FAQs
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: Turnkey 3‑unit property with immediate cash flow of $2,850/month and strong tenant payment history.; Major capital improvements including a new roof (July 2024), mostly new windows, and significant electrical/plumbing upgrades (all permitted).; **Large, nearly 1,000 sq ft renovated efficiency apartment converted from a former yoga studio.**
