Corner Lot 5-Unit Apartment
For Sale
$150,000
450 Riverside Ave, Elmira, NY 14904
Fully occupied 5-unit building with coin-operated laundry and month-to-month leases in Elmira.
Property SizeContact for details
Days on Market67
Property Features for 450 Riverside Ave
General Information
Standard status
Active
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Year Built
1949
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 215-9395
Listed By:
Kelly N. Squires · License #10301205810
(607) 215-9395
Source:
Elliman
Added: Jun 1
Changed: Jul 10
Last Checked: Aug 5 at 10:15AM
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 Keller Williams Realty Southern Tier & Finger Lakes
Investment Insights
Based on property information with market context.
This for-sale multi-family property is a fully occupied 5-unit apartment building on a corner lot. Each of the units is leased on a month-to-month basis, providing flexibility for management decisions going forward. The building also includes a coin-operated laundry area on the first floor, which can support additional on-site revenue alongside residential rents.
Located at 450 Riverside Ave in Elmira, New York, the property’s corner-lot positioning contributes to its overall presence. With all units currently occupied, the building presents a straightforward ownership path for a buyer seeking an income-producing apartment asset with existing in-place tenancy.
For tenant and operator fit, the combination of month-to-month leasing and an on-site laundry amenity can appeal to residents who want convenience without fixed lease timing. For buyers, the fully occupied status reduces near-term leasing downtime, while the month-to-month structure may simplify future rent and resident-management adjustments. The property is offered as a turnkey multi-family investment with ongoing resident occupancy and a functional building amenity already in place.
Located at 450 Riverside Ave in Elmira, New York, the property’s corner-lot positioning contributes to its overall presence. With all units currently occupied, the building presents a straightforward ownership path for a buyer seeking an income-producing apartment asset with existing in-place tenancy.
For tenant and operator fit, the combination of month-to-month leasing and an on-site laundry amenity can appeal to residents who want convenience without fixed lease timing. For buyers, the fully occupied status reduces near-term leasing downtime, while the month-to-month structure may simplify future rent and resident-management adjustments. The property is offered as a turnkey multi-family investment with ongoing resident occupancy and a functional building amenity already in place.
Key Highlights
- Fully occupied 5‑unit multi‑family building
- Coin‑operated laundry area on the first floor
- All tenants on month‑to‑month leases, providing flexibility for future adjustments
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 14904, NY
15,102
Population
7,629
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
88%
High-School Grad
6.4 sq mi
ZIP Area
2,360
Density / Sq Mi
$54,563
Median Household Income
$35,128
Median Earnings
$1,005
Median Rent
$87,200
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?
Apartment building - Fully occupied 5-unit building with coin-operated laundry and month-to-month leases in Elmira.
Where is this apartment building located?
The property is located at 450 Riverside Ave Elmira, NY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Fully occupied 5‑unit multi‑family building; Coin‑operated laundry area on the first floor; All tenants on month‑to‑month leases, providing flexibility for future adjustments
