Well-Maintained Multifamily Income
For Sale
$240,000
514 W Church, Elmira, NY 14901
Fully occupied multi-family building with long-term tenants and approximately $34,000 in annual rental income.
Property Size3,980 SF
Days on Market12
Property Features for 514 W Church
General Information
Standard status
Active
Size
3,980 SF
Property subtype
Multi Family
Occupancy
100%
Building Details
Building Size
3,980 SF
Year Built
1890
Tenancy
Multi
Listing Agency:
Signature Properties
(607) 481-3174
Listed By:
Victoria Simmons · License #10401376567
(607) 481-3174
Source:
Elliman
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 5 at 12:06PM
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 Signature Properties
Investment Insights
Based on property information with market context.
This well-maintained multifamily property is fully occupied with long-term tenants and is currently generating approximately $34,000 in annual rental income. The building also includes an expansive unfinished top floor, which offers the opportunity to create two additional apartment units, subject to municipal approvals.
The property is rated Very Walkable and Very Bikeable, with a walkScore of 78 and bikeScore of 76.
As presented, the current configuration provides immediate rental income while the unfinished top floor presents a potential space to expand the number of units, pending required approvals.
The property is rated Very Walkable and Very Bikeable, with a walkScore of 78 and bikeScore of 76.
As presented, the current configuration provides immediate rental income while the unfinished top floor presents a potential space to expand the number of units, pending required approvals.
Key Highlights
- 1890‑built, fully occupied multi‑family building with long‑term tenants
- Approximately $34,000 in annual rental income
- Expansive unfinished top floor that could allow creation of two additional units (subject to municipal approvals)
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
771
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied multi-family building with long-term tenants and approximately $34,000 in annual rental income.
Where is this multifamily property located?
The property is located at 514 W Church Elmira, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1890‑built, fully occupied multi‑family building with long‑term tenants; Approximately $34,000 in annual rental income; Expansive unfinished top floor that could allow creation of two additional units (subject to municipal approvals)
