Multifamily Property with Expansion
For Sale
$240,000
514 W Church, Elmira, NY 14901
Fully occupied multifamily property with long-term tenants and an unfinished top floor for future apartment development.
Property Size3,980 SF
Price / SF$60.30
Days on Market38
Property Features for 514 W Church
General Information
Standard status
Active
Size
3,980 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$34,000
Building Details
Year Built
1890
Listing Agency:
Signature Properties
(607) 481-3174
Listed By:
Victoria Simmons · License #10401376567
Source:
Skinnercnyrealty
Added: Jul 27
Changed: Aug 29
Last Checked: Sep 1 at 10:41PM
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 3,980-square-foot multifamily property was built in 1890 and is currently fully occupied by long-term tenants. The existing building provides an established residential income operation, while the unfinished top floor adds a defined redevelopment component to the asset.
The upper level may accommodate the creation of two additional apartment units, subject to municipal approvals. Located at 514 W Church in Elmira, New York, the property combines in-place occupancy with additional unfinished space for a buyer evaluating future expansion.
The upper level may accommodate the creation of two additional apartment units, subject to municipal approvals. Located at 514 W Church in Elmira, New York, the property combines in-place occupancy with additional unfinished space for a buyer evaluating future expansion.
Key Highlights
- 3,980‑square‑foot multifamily property
- Built in 1890
- Fully occupied with long‑term tenants
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied multifamily property with long-term tenants and an unfinished top floor for future apartment development.
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: 3,980‑square‑foot multifamily property; Built in 1890; Fully occupied with long‑term tenants
