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Updated 3-Unit Multifamily Property
For Sale
$239,000

403 Walnut Street, Elmira, NY 14901

Residential, Elmira, NY

Property Size3,052 SF
Price / SF$78.31
Days on Market147

Property Features for 403 Walnut Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Basement, Bathroom 1, Bathroom 2
Appliances GasWaterHeater
Lot features Rectangular, Rectangular Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Directions On corner of West 2nd Street and Walnut Street
Subdivision Elmira-City-070400
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), Natural Gas, Forced Air
Cooling system Ductless
Water source Public

Amenities

coin-operated laundry room
detached garage

Building Details

Year built 1952
Floors in Building 2
Number of units 3
Flooring type Varies, Laminate, Vinyl, Carpet
Building materials VinylSiding
Roof type Shingle, Flat
Listing Agency: Keller Williams Realty Southern Tier & Finger Lakes
Listed By: Andrew Hughes · License #10401336330
Added: May 12 Changed: Sep 16 Last Checked: Oct 5 at 2:06PM
MLS# R1679872

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 3,052-square-foot triplex in Elmira includes three apartments, a detached garage, a large parking area, and a coin-operated laundry room. The property combines laminate, carpet, and vinyl flooring with natural-gas heating, ductless cooling, public water, and flat and shingle roof sections. One apartment measures nearly 1,000 square feet and features an open layout after conversion from a former yoga studio.

Capital improvements include a roof installed in July 2024, replacement of most windows, substantial electrical and plumbing work, and full permitting for the completed work. Two apartments were renovated down to the studs, and two units have separately metered utilities. The site also includes space identified for future expansion or additional development. Located at 403 Walnut Street in Elmira, the property offers a three-unit multifamily configuration with on-site parking and garage space.

Key Highlights

  • 3,052‑square‑foot triplex with three apartments
  • Nearly 1,000‑square‑foot efficiency apartment with open‑concept layout
  • New roof installed July 2024; most windows replaced

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Catering Service Home Appliance Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Three-unit property with a detached garage, off-street parking, and updated building systems.
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: 3,052‑square‑foot triplex with three apartments; Nearly 1,000‑square‑foot efficiency apartment with open‑concept layout; New roof installed July 2024; most windows replaced
More about this property
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