About This Home

This 5-bedroom, 3-bathroom residential multi family at 306 South Avenue in Elmira, NY is listed for $142,500 ($50 per sqft). Built in 1900, the home offers 2,832 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1900
  • 0.17 acre lot
  • 2 stories

Property Details

2 stories
3 full
1900
Listing Description

Attention investors - Immaculately maintained triplex in the city of Elmira! If you've been looking to start or grow your portfolio, don't look past this great deal. Take the stress out of investing with this completely turnkey money maker. Featuring vinyl siding, newer replacement windows, newer roof (2018), gravel driveway and plenty of parking outback, this home is low maintenance and ready for you to grow your income!

There is a spacious 3 bedroom unit downstairs, and two 1 bedroom units upstairs. The lower unit is vacant and ready for a tenant, or could be a great owner occupied apartment to cut down on living expenses. Each apartment has separate gas and electric meters, one 1 bedroom is rented for $825 plus, and the other 1 bedroom is rented for $950 plus, for a total of $1,775 plus utilities before renting out the downstairs apartment. Great cash flow for the price!

Monthly Cost Estimate

$762/mo

20% down · 6.5% · 30 years

Principal$103
Interest$618
Insurance$42

Estimates only. Actual payments may vary.

Location

306 South Avenue

Elmira, NY 14904

Property Details

Flooring

VariesVinylTile

Construction

VinylSiding

Heating

Natural GasForced Air

Appliances

GasWaterHeater

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 306 South Avenue is listed at $142,500 ($50/sqft). The estimated monthly payment is $763 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.17 acre lot, 2 stories.

This property is listed by Nicholas Magera.

NM

Nicholas Magera

License 10401326121

Agent at RealtyUSA.com

Listed by RealtyUSA.com · Broker phone: (607) 287-8439 · View on Broker Site · Broker website

MLS# R1717891· Source: New York State Alliance of MLSs, LLC· 34 days on PropertySimple

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.

306 South Avenue, Elmira, NY 14904

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