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Duplex with Bedroom Balcony
For Sale
$75,000

516 Balsam St, Elmira, NY 14904

Both apartments are configured with three bedrooms and one full bath.

Property Size2,232 SF
Days on Market9

Property Features for 516 Balsam St

General Information

Standard status Active
Size 2,232 SF
Property subtype Multi Family

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,367

Building Details

Building Size 2,232 SF
Year Built 1900
Buildings 1
Stories 2
Units 2
Listing Agency: Howard Hanna Corning
Listed By: Jennifer Silata · License #10401284831
Source: Elliman
Added: Oct 2 Changed: Oct 3 Last Checked: Oct 9 at 9:21PM

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 Howard Hanna Corning

Investment Insights

Based on property information with market context.

Built in 1900, this duplex contains two apartments, each with three bedrooms and one full bath. A covered porch serves the front of the building, while a bedroom in the upper apartment opens onto a private balcony.

The property is at 516 Balsam St in Elmira, New York. Its Walk Score is 63, rated Somewhat Walkable, and its Bike Score is 42, rated Somewhat Bikeable.

Key Highlights

  • Two apartments, each with 3 bedrooms and 1 full bath
  • Upper apartment includes a private balcony accessed from a bedroom
  • Covered front porch

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service HVAC Service Auto Parts Store Kitchen & Bath Showroom Daycare Center

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

Location Intelligence

Trade Area within ½ mile

242
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?
Duplex - Both apartments are configured with three bedrooms and one full bath.
Where is this duplex located?
The property is located at 516 Balsam St Elmira, NY.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 full bath; Upper apartment includes a private balcony accessed from a bedroom; Covered front porch
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