403 Walnut Street, Elmira, NY 14901
Local realty services provided by:CENTURY 21 North East
403 Walnut Street,Elmira, NY 14901
$239,000
- 3 Beds
- 3 Baths
- 3,052 sq. ft.
- Multi-family
- Active
Listed by: andrew hughes
Office: keller williams realty southern tier & finger lakes
MLS#:R1679872
Source:NY_GENRIS
Price summary
- Price:$239,000
- Price per sq. ft.:$78.31
About this home
Turnkey 3-Unit Investment Property with Strong Updates, Parking, Garage & Expansion Potential
Excellent opportunity to own a well-maintained and substantially updated 3-unit multifamily property in Elmira, NY. This income-producing asset offers strong rental history, major capital improvements, and additional upside potential with ample parking, garage space, and room for future development.
The property currently generates $2,850/month in rental income with no delinquency issues, providing immediate cash flow for an investor or owner-operator.
Major improvements include:
• New roof installed July 2024
• Most windows replaced
• All work fully permitted
• Significant electrical and plumbing upgrades
• Two apartments completely renovated down to the studs
One of the standout features is a massive nearly 1,000 square foot efficiency apartment converted from a former yoga studio, offering an open-concept layout with unique character and flexibility.
Additional highlights include:
• Large parking lot with abundant off-street parking
• Detached garage
• Coin-operated laundry room for additional income
• Two units with separated utilities
• Space and potential for future expansion or additional development
• Strong tenant payment history
This property combines stability, modernized systems, and future upside — ideal for investors looking for a solid multifamily asset with value-add potential already built into the site.
Whether you are expanding your portfolio or looking for a property with long-term appreciation potential, 403 Walnut Street offers a compelling mix of cash flow, updates, and opportunity....
Contact an agent
Home facts
- Year built:1952
- Listing ID #:R1679872
- Added:162 day(s) ago
- Updated:October 23, 2026 at 03:18 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Laminate, Varies, Vinyl
- Basement:Yes
- Basement Description:Full
- Living area:3,052 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas, Wall Furnace
Structure and exterior
- Roof:Flat, Shingle
- Year built:1952
- Building area:3,052 sq. ft.
- Lot Features:Rectangular
- Construction Materials:Vinyl Siding
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$239,000
- Price per sq. ft.:$78.31
- Tax amount:$5,007
New listings near 403 Walnut Street
- New
$120,000Active4 beds 2 baths1,724 sq. ft.227 Crete Avenue, Elmira, NY 14901
MLS# R1724484Listed by: HOWARD HANNA CORNING - New
$99,000Active4 beds 2 baths1,975 sq. ft.377 Diven Avenue, Elmira, NY 14901
MLS# R1724463Listed by: SIGNATURE PROPERTIES - New
$79,000Active3 beds 1 baths1,504 sq. ft.726 Erie Street, Elmira, NY 14904
MLS# R1724314Listed by: HOWARD HANNA CORNING - New
$77,500Active6 beds 2 baths2,232 sq. ft.420 Partridge Street, Elmira, NY 14904
MLS# R1721603Listed by: HOWARD HANNA CORNING - New
$279,000Active3 beds 3 baths2,901 sq. ft.504 Pinewoods Circle, Elmira, NY 14905
MLS# R1723873Listed by: HOWARD HANNA HORSEHEADS - New
$70,300Active3 beds 2 baths3,138 sq. ft.457 Maple Avenue, Elmira, NY 14904
MLS# R1723845Listed by: RICHARD WINTERS REAL ESTATE - New
$159,900Active3 beds 1 baths1,500 sq. ft.811 Walnut Street, Elmira, NY 14901
MLS# R1723885Listed by: HOWARD HANNA HORSEHEADS - New
$50,000Active6 beds 2 baths1,936 sq. ft.309 Davis Street, Elmira, NY 14901
MLS# R1723345Listed by: HOWARD HANNA HORSEHEADS - New
$185,000Active2 beds 2 baths1,680 sq. ft.97 Coleman Avenue, Elmira, NY 14905
MLS# R1722253Listed by: KELLER WILLIAMS REALTY SOUTHERN TIER & FINGER LAKES - New
$139,900Active3 beds 1 baths1,104 sq. ft.958 Scio Street, Elmira, NY 14901
MLS# R1722713Listed by: HOWARD HANNA HORSEHEADS