Well-Maintained Three-Unit Investment
For Sale
$190,000
708 W Water Street, Elmira, NY 14905
Three-unit property with separate utilities and immediate cash flow.
Property Size2,883 SF
Days on Market119
Property Features for 708 W Water Street
General Information
Standard status
Active
Size
2,883 SF
Property subtype
Multi Family Home
Zoning
Residential Multi Use
Taxes and HOA fees
Annual Taxes
$4,970
Building Details
Building Size
2,883 SF
Year Built
1890
Stories
2
Units
3
Listing Agency:
Keller Williams Realty Southern Tier & Finger Lakes
(607) 731-2030
Listed By:
Andrew Hughes · License #10401336330
(607) 731-2030
Source:
Wcirealty
Added: Apr 30
Changed: Aug 25
Last Checked: Aug 25 at 8:38AM
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 Keller Williams Realty Southern Tier & Finger Lakes
Investment Insights
Based on property information with market context.
This well-maintained three-unit property presents an excellent investment opportunity. The property features separate utilities for each unit, which simplifies property management. The property is currently occupied by long-term tenants and generates $2,250 per month in rental income. There is strong potential for future rent increases. The property offers immediate cash flow and upside opportunity. The location has a bike score of 76, indicating it is very bikeable, and a walk score of 78, indicating it is very walkable.
Key Highlights
- Immediate cash flow with $2,250 monthly rental income.
- Strong potential for future rent increases.
- Well‑maintained 3‑unit property.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 14905, NY
8,645
Population
4,303
Households
2
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
2,336
Density / Sq Mi
$85,888
Median Household Income
$44,209
Median Earnings
$1,112
Median Rent
$169,600
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?
Triplex - Three-unit property with separate utilities and immediate cash flow.
Where is this triplex located?
The property is located at 708 W Water Street Elmira, NY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Immediate cash flow with $2,250 monthly rental income.; Strong potential for future rent increases.; Well‑maintained 3‑unit property.
