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5-Unit Apartment Building with Laundry
For Sale
$125,000

450 Riverside Avenue, Elmira, NY 14904

Residential, Elmira, NY

Property Size4,769 SF
Lot Size0.14 Acres
Price / SF$26.21
Days on Market132

Property Features for 450 Riverside Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bathroom 1, Bedroom 3, Basement, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2
Appliances GasWaterHeater
Lot features Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Subdivision Elmira-City-070400
Standard status Active
APN 070400-099-008-0006-011-000-0000
Size 4,769 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 89097

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Amenities

coin-operated laundry

Building Details

Year built 1949
Floors in Building 2
Number of units 5
Flooring type Hardwood, Varies, Laminate
Building materials WoodSiding
Listing Agency: Keller Williams Realty Southern Tier & Finger Lakes
Listed By: Kelly N. Squires · License #10301205810
Added: May 27 Changed: Sep 16 Last Checked: Oct 5 at 4:06AM
MLS# R1685020

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5-unit apartment building contains 4,769 square feet and was constructed in 1949. The property is fully occupied, with all tenants on month-to-month leases. A coin-operated laundry area is located on the first floor. Building features include wood siding, varied flooring with laminate and hardwood, forced-air heating powered by natural gas, a gas water heater, and public water service.

The property occupies a 0.1435-acre corner lot at 450 Riverside Avenue in Elmira, New York. Its apartment configuration, established occupancy, and flexible lease structure provide a clear operating profile for a multifamily owner.

Key Highlights

  • 5‑unit apartment building with 4,769 square feet
  • Fully occupied with all tenants on month‑to‑month leases
  • First‑floor coin‑operated laundry area

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service HVAC Service Bakery Catering Service Barber Shop Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

771
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied building with month-to-month leases and a first-floor coin-operated laundry area.
Where is this apartment building located?
The property is located at 450 Riverside Avenue Elmira, NY.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 5‑unit apartment building with 4,769 square feet; Fully occupied with all tenants on month‑to‑month leases; First‑floor coin‑operated laundry area
More about this property
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