57 S Main St, Elmira, NY 14904
For Sale
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Exceptional investment opportunity awaits in Elmira, NY, with this four-unit apartment building situated at 57 S Main St. This 5,400 square foot property, built in 1958, sits on a 0.1-acre lot (42 x 100 feet) and offers a compelling price point of $75,000, or $18,750 per unit. The two-story building features four spacious units, each boasting one or two bedrooms and one bathroom. Modern kitchens are equipped with granite countertops. All units are serviced by public sewer and water, and each has natural gas hookups. Two units are located on the first floor, and two are on the second floor. The property's convenient location near downtown Elmira presents a unique advantage. The building's configuration allows for mixed-use potential, with the possibility of converting one unit into a commercial space while maintaining three residential rentals. This property is being sold "AS IS." This presents a remarkable opportunity for an investor to capitalize on its potential and realize significant returns. The property's strong fundamentals and strategic location make it an attractive investment prospect.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.