Mixed-Use 4-Unit Property

406 Dewitt Ave, Elmira, NY 14901

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For Sale

$149,900

Well-maintained quadplex with three apartments and a vacant commercial space for storage in Elmira.

Type:Multi Family

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)
All residential tenants are on month‑to‑month leases, offering flexibility for rent adjustments or owner occupancy
Recently updated with modern flooring and refreshed interiors; one unit includes a tiled shower and updated bathroom finishes
On completion of commercial lease‑up, projected gross rent roll would be just under $4,000 per month

We can help!

Listing Contact

Nicholas Magera

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For Sale

$149,900

Well-maintained quadplex with three apartments and a vacant commercial space for storage in Elmira.

Type:Multi Family

Added:: Jun 7, 2026
Days on Market:: 8
Last Refresh:: Jun 10 at 2:12 am

Property Features for 406 Dewitt Ave

General Information

Standard status: Active
Property subtype: Multi Family

Building Details

Year Built: 1910

We can help!

Listing Contact

Nicholas Magera

Listing agent Nicholas Magera License #10401326121

Listing office RealtyUSA.com

Listing date Jun 7, 2026

Source Elliman

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

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)
All residential tenants are on month‑to‑month leases, offering flexibility for rent adjustments or owner occupancy
Recently updated with modern flooring and refreshed interiors; one unit includes a tiled shower and updated bathroom finishes
On completion of commercial lease‑up, projected gross rent roll would be just under $4,000 per month

Overview

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.

Location Intelligence

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Quadplexes

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Local Demand

City: Elmira
County: Chemung
State: New York
Longitude: -76.7997189
Latitude: 42.0943817

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For sale
Quadplexes
NY
Elmira
14901
406 Dewitt Ave

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 $149,900.

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)