Duplex With Separate
For Sale
$68,000
Pending
424 Standish St, Elmira, NY 14901
Two separate units make this duplex a practical option for investors seeking a manageable residential income property.
Property Size1,228 SF
Days on Market112
Property Features for 424 Standish St
General Information
Standard status
Pending
Size
1,228 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,741
Building Details
Building Size
1,228 SF
Year Built
1860
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Howard Hanna Horseheads
Listed By:
Leonard Ostrander · License #10401387515
(607) 857-6684
Source:
Elliman
Added: Jun 1
Changed: Sep 8
Last Checked: Sep 20 at 9:51AM
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 Howard Hanna Horseheads
Investment Insights
Based on property information with market context.
This duplex is set up as a residential income property with separate units, each with its own living space and functional layout. The property is being marketed as a value-add opportunity, with room for a new owner’s renovation plan and management approach.
Located in Elmira, the home is described as convenient to downtown, shopping, restaurants, public transportation, and major commuter routes. The surrounding walk/bike environment is noted as bikeable with a BikeScore of 53, while the area is described as car-dependent with a WalkScore of 26.
For investors, the separate-unit configuration can support strategies ranging from fix-and-hold to longer-term operation, depending on how you want to manage updates and leasing. This offering may also appeal to buyers looking for an entry point into residential rental ownership, given the duplex structure and the stated ability to renovate and reposition the units within an investor framework.
Located in Elmira, the home is described as convenient to downtown, shopping, restaurants, public transportation, and major commuter routes. The surrounding walk/bike environment is noted as bikeable with a BikeScore of 53, while the area is described as car-dependent with a WalkScore of 26.
For investors, the separate-unit configuration can support strategies ranging from fix-and-hold to longer-term operation, depending on how you want to manage updates and leasing. This offering may also appeal to buyers looking for an entry point into residential rental ownership, given the duplex structure and the stated ability to renovate and reposition the units within an investor framework.
Key Highlights
- Duplex built in 1860 with two separate units
- Separate units create a manageable residential income setup for investors
- Convenient location close to downtown, shopping, restaurants, public transportation, and major commuter routes
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
515
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units make this duplex a practical option for investors seeking a manageable residential income property.
Where is this duplex located?
The property is located at 424 Standish St Elmira, NY.
What is the asking price?
The asking price for this property is $68,000.
What are key features of this property?
This property features: Duplex built in 1860 with two separate units; Separate units create a manageable residential income setup for investors; Convenient location close to downtown, shopping, restaurants, public transportation, and major commuter routes
