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Triplex with Separate Utilities
New
For Sale
$190,000

708 W Water Street, Elmira, NY 14905

Residential, Elmira, NY

Property Size2,883 SF
Lot Size0.25 Acres
Price / SF$65.90
Days on Market2

Property Features for 708 W Water Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2
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 Active
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, Forced Air, Electric (Heating), Natural Gas
Water source Public

Building Details

Year built 1890
Floors in Building 2
Number of units 3
Flooring type Tile, Hardwood, Varies
Building materials WoodSiding
Architectural style Other
Listing Agency: Keller Williams Realty Southern Tier & Finger Lakes
Listed By: Andrew Hughes · License #10401336330
Added: Sep 1 Last Checked: Sep 2 at 5:06AM
MLS# R1711474

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 three-unit residential property at 708 W Water Street provides 2,883 square feet on a 0.25-acre lot. The building dates to 1890 and has wood siding, three bathrooms, and four bedrooms across the listed rooms. Flooring includes tile and hardwood, with finishes varying throughout the property.

Each unit is served by separate utilities, while the property receives public water. All three units are occupied by long-term tenants, providing existing residential tenancy at the time of listing. Located in Elmira, the property combines a multifamily configuration with established occupancy and separately metered utility service.

Key Highlights

  • Three‑unit property with 2,883 square feet of building area
  • Separate utilities for each unit
  • All three units occupied by long‑term tenants

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

3
Residential units

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 occupied units with established long-term tenancy and public water service in Elmira.
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: Three‑unit property with 2,883 square feet of building area; Separate utilities for each unit; All three units occupied by long‑term tenants
More about this property
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