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Duplex with Upper-Unit Balcony
New
For Sale
$75,000

516 Balsam Street, Elmira, NY 14904

Residential, Elmira, NY

Property Size2,232 SF
Lot Size0.17 Acres
Price / SF$33.60
Days on Market6

Property Features for 516 Balsam Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 5, Basement, Bedroom 4
Parking features Paved or Surfaced
Patio and Porch features Porch
Exterior features Balcony
Appliances GasWaterHeater
Lot features Rectangular, Rectangular Lot, Residential Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Directions South Ave to Balsam
Subdivision Elmira-City-070400
Standard status Active
APN 070400-099-014-0003-032-000-0000
Size 2,232 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Annual Amount 4367

Utilities

Heating system Forced Air, Natural Gas
Water source Public

Amenities

covered front porch
private balcony

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Building materials VinylSiding
Listing Agency: Howard Hanna Corning
Listed By: Jennifer Silata · License #10401284831
Added: Sep 30 Last Checked: Oct 5 at 8:06AM
MLS# R1718919

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 2,232-square-foot duplex contains two units, each with 3 bedrooms and 1 full bath. A covered porch serves the front of the property, and the upper residence has a balcony accessed from a bedroom. The building dates to 1900 and has vinyl siding, forced-air natural gas heat, and a gas water heater.

The property occupies 0.1731 acres. Public water and paved parking are among its site features.

Key Highlights

  • Two units, each with 3 bedrooms and 1 full bath
  • 2,232 square feet on a 0.1731‑acre lot
  • Upper unit includes a bedroom‑accessed balcony; covered porch at the front

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 - Each residence has three bedrooms and a full bath, with outdoor space provided by a porch and balcony.
Where is this duplex located?
The property is located at 516 Balsam Street 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 units, each with 3 bedrooms and 1 full bath; 2,232 square feet on a 0.1731‑acre lot; Upper unit includes a bedroom‑accessed balcony; covered porch at the front
More about this property
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