86 W SECOND Street, Corning, NY 14830
- Added:
- Apr 13, 2026
- Days on Market:
- 67
- Last Refresh:
- Jun 18 at 11:06 am
Property Features for 86 W SECOND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 4, Bedroom 5
- Interior features
- CeilingFans
- Exterior features
- Balcony
- Appliances
- ElectricWaterHeater
- Standard status
- Pending
- APN
- 317.52-01-054.000
- Size
- 2,374 SF
Taxes and HOA fees
- Tax Annual Amount
- 5495
Utilities
- Heating system
- Steam, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Vinyl, Hardwood
- Building materials
- AluminumSiding, AtticCrawlHatchwaysInsulated
- Roof type
- Shingle
Listing agent Michelle Simmons License #10301220041 (607) 738-8916
Listing office Howard Hanna Corning 45 E MARKET ST, Corning, NY (607) 936-4663
Listing date Apr 13, 2026
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.
HighLights
- Updated 2‑unit property ideal for owner‑occupancy with rental income potential.
- Completely renovated with new electric, plumbing, drywall, fixtures, water heaters, flooring, kitchens, and baths.
- Large apartment sizes: 1310 sq ft (1st floor) and 1064 sq ft (2nd floor).
- Convenient location within walking distance to Market St.
- Ample parking: 1‑car detached garage and off‑street parking for 5‑6 cars.
- Fenced‑in backyard.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.2k | $10.20 |
| − Vacancy | −$1.3k | −$0.53 |
| EGI | $23.0k | $9.67 |
| − OpEx | −$6.9k | −$2.90 |
| NOI | $16.1k | $6.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Corning
- County
- Steuben
- State
- New York
- Longitude
- -77.058978
- Latitude
- 42.140881
