Mixed-Use 4-Unit
For Sale
$129,900
406 Dewitt Ave, Elmira, NY 14901
Well-maintained quadplex with three apartments and a vacant commercial space for storage in Elmira.
Days on Market57
Property Features for 406 Dewitt Ave
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Year Built
1910
Listing Agency:
RealtyUSA.com
(607) 426-4541
Listed By:
Nicholas Magera · License #10401326121
(607) 426-4541
Source:
Elliman
Added: Jun 7
Changed: Jul 10
Last Checked: Aug 2 at 8:47AM
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 RealtyUSA.com
Investment Insights
Based on property information with market context.
This well-maintained mixed-use 4-unit property includes three residential apartments and one commercial space. The building has been recently updated with modern flooring and refreshed interiors, with notable unit improvements including updated bathroom finishes and a tiled shower. The residential units operate on month-to-month leases, providing flexibility for future use. Reported rents include one 1-bedroom at $900/month (utilities included except garbage), one 2-bedroom/1-bath at $1,200/month (utilities included except garbage), and one 2-bedroom/1-bath at $900/month plus gas and garbage. The commercial space is currently vacant and used for storage, and was most recently rented at $800/month (utilities included except garbage). The property is being sold as-is.
Located at 406 Dewitt Ave in Elmira, NY, the asset is described as bikeable with a BikeScore of 53 and car-dependent with a WalkScore of 26.
For investors and owner-operators, the combination of month-to-month residential income and a currently vacant commercial component can support a practical occupancy plan. The seller notes potential gross rents of approximately $3,800 per month, with a projection just under $4,000 per month once the commercial space is re-rented, based on the updated condition of the units and the ability to stabilize occupancy through lease-up.
Located at 406 Dewitt Ave in Elmira, NY, the asset is described as bikeable with a BikeScore of 53 and car-dependent with a WalkScore of 26.
For investors and owner-operators, the combination of month-to-month residential income and a currently vacant commercial component can support a practical occupancy plan. The seller notes potential gross rents of approximately $3,800 per month, with a projection just under $4,000 per month once the commercial space is re-rented, based on the updated condition of the units and the ability to stabilize occupancy through lease-up.
Key Highlights
- 1910‑built mixed‑use 4‑unit property in Elmira with three residential apartments and one commercial space
- Residential rents listed: $900/mo (utilities included except garbage), $1,200/mo (utilities included except garbage), and $900/mo plus gas and garbage
- Commercial space currently vacant and used for storage; previously rented for $800/mo (utilities included except garbage)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,249
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with three apartments and a vacant commercial space for storage in Elmira.
Where is this quadplex located?
The property is located at 406 Dewitt Ave Elmira, NY.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 1910‑built mixed‑use 4‑unit property in Elmira with three residential apartments and one commercial space; Residential rents listed: $900/mo (utilities included except garbage), $1,200/mo (utilities included except garbage), and $900/mo plus gas and garbage; Commercial space currently vacant and used for storage; previously rented for $800/mo (utilities included except garbage)
