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Two-Unit Residential Income Property
For Sale
$45,000

501 Spaulding St, Elmira, NY 14904

Two-unit multifamily offered as-is, with a brand-new roof and ready for the right renovation plan.

Property SizeContact for details
Days on Market23

Property Features for 501 Spaulding St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1900
Tenancy Multi
Listing Agency:
Listed By: Megan Schmidt
Source: Elliman
Added: Jul 15 Changed: Jul 21 Last Checked: Aug 5 at 10:24AM

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 Megan Schmidt

Investment Insights

Based on property information with market context.

This two-unit residential income property is being sold as-is, where is. The structure is a duplex/multifamily setup with one roof improvement already completed, with a brand new roof installed. The remainder of the building is described as ready for additional design and work as needed by the buyer.

The property is located at 501 Spaulding St in Elmira, NY 14904. Public comments note bike and walk scores of 53 and 26, respectively, indicating a more car-dependent area.

Given the as-is sale terms and the current state of remaining work, this offering is best suited for buyers prepared to complete the necessary improvements for the units.

Key Highlights

  • 2‑unit multifamily property offered as‑is, where is
  • Brand‑new roof
  • Year built: 1900

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Catering Service Furniture & Home Goods

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

599
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

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?
Duplex - Two-unit multifamily offered as-is, with a brand-new roof and ready for the right renovation plan.
Where is this duplex located?
The property is located at 501 Spaulding St Elmira, NY.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: 2‑unit multifamily property offered as‑is, where is; Brand‑new roof; Year built: 1900
More about this property
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