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Three-Unit Triplex with Separate Utilities
For Sale
$190,000
Pending

708 W Water Street, Elmira, NY 14905

MULTI_FAMILY - Other - Elmira, NY

Property Size2,883 SF
Lot Size0.25 Acres
Days on Market98

Property Features for 708 W Water Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential Multi Use
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Fireplace 1
Appliances ElectricWaterHeater
Lot features Rectangular, Rectangular Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Subdivision Elmira-City-070400
Standard status Pending
APN 070400-099-005-0003-032-000-0000
Size 2,883 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Annual Amount 4970

Utilities

Heating system Baseboard, Electric (Heating), Natural Gas, Forced Air
Water source Public

Building Details

Year built 1890
Floors in Building 2
Number of units 3
Flooring type Hardwood, Varies, Tile
Building materials WoodSiding
Architectural style Other
Listing Agency: Keller Williams Realty Southern Tier & Finger Lakes
Listed By: Andrew Hughes · License #10401336330
Added: Apr 30 Changed: Aug 4 Last Checked: Aug 5 at 7:06PM
MLS# R1677995

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.

708 W Water Street in Elmira, NY offers a well-maintained three-unit triplex on a 0.2532-acre lot. The property totals 2,883 square feet and was built in 1890. Each unit has separate utilities, supporting straightforward day-to-day management.

The triplex is currently occupied by long-term tenants. Interior features include wood siding, flooring that varies by area with hardwood and tile, and an electric water heater. Heating is provided via electric and natural gas systems, including baseboard and forced air.

Additional property notes include the presence of a fireplace and public water service. Layout includes multiple bedrooms and bathrooms across the home.

Key Highlights

  • 0.2532‑acre lot with a 2,883 SF three‑unit triplex
  • Separate utilities for each unit
  • Long‑term tenants currently in place

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Electrical Service Skin Care Clinic Big Box & Wholesale Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

304
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit triplex on a public-water lot with separate utilities and long-term tenants.
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: 0.2532‑acre lot with a 2,883 SF three‑unit triplex; Separate utilities for each unit; Long‑term tenants currently in place
More about this property
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