Mixed-Use Four-Unit Income
406 Dewitt Avenue Elmira, NY 14901
406 Dewitt Avenue, Elmira, NY, 14901
$129,900
For Sale
$129,900
MULTI_FAMILY - Elmira, NY
Property Size2,452 SF
Lot Size0.11 Acres
Price / SF$52.98
Days on Market48
Property Features for 406 Dewitt Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Basement
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 070400-089-016-0001-032-000-0000
- Size
- 2,452 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2520
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- CompositeSiding
Listing agency
Howard Hanna Horseheads
(607) 739-1444
Listed by
Nicholas Magera · License #10401326121
(607) 426-4541
Added: Jun 4 Updated: Jul 12 at 12:35PM Checked: Jul 21 at 5:06PM
MLS# R1687931
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Investment Insights
Based on property information with market context.
This well-maintained four-unit mixed-use property includes three residential apartments and one commercial space. The residential units are configured as one 1-bedroom apartment and two 2-bedroom/1-bath apartments. Public remarks indicate the building has recently been updated with modern flooring and refreshed interiors, and that one unit includes a tiled shower and updated bathroom finishes. All residential tenants are currently on month-to-month leases. The commercial space is currently vacant and is being used for storage, with previously noted rent of $800 per month.
The property is located at 406 Dewitt Avenue in Elmira, NY 14901, in Chemung County. It is being sold as-is.
Based on the information provided in the remarks, the residential portion has reported rents totaling $3,000 per month, and utilities are described as included for most tenants except garbage, with one unit additionally noting gas responsibility. The commercial space has been previously rented and offers leasing potential once re-occupied.
The property is located at 406 Dewitt Avenue in Elmira, NY 14901, in Chemung County. It is being sold as-is.
Based on the information provided in the remarks, the residential portion has reported rents totaling $3,000 per month, and utilities are described as included for most tenants except garbage, with one unit additionally noting gas responsibility. The commercial space has been previously rented and offers leasing potential once re-occupied.
Key Highlights
- Mixed‑use 4‑unit property: three residential apartments plus one commercial space (currently vacant and used for storage).
- Current rents: 1BR $900/mo (utilities except garbage included), 2BR/1BA $1,200/mo (utilities except garbage included), 2BR/1BA $900/mo (+gas and garbage).
- Commercial space was rented for $800/mo (utilities except garbage included). Projected gross rent roll just under $4,000/mo once re‑rented.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with three residential apartments and one commercial space, sold as-is.
Where is this quadplex located?
The property is located at 406 Dewitt Avenue 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: Mixed‑use 4‑unit property: three residential apartments plus one commercial space (currently vacant and used for storage).; Current rents: 1BR $900/mo (utilities except garbage included), 2BR/1BA $1,200/mo (utilities except garbage included), 2BR/1BA $900/mo (+gas and garbage).; Commercial space was rented for $800/mo (utilities except garbage included). Projected gross rent roll just under $4,000/mo once re‑rented.
