# 403 Walnut Street, Elmira, NY 14901

> **TL;DR:** 3bd/3ba residential multi family, $239,000 ($78/sqft), built 1952, 3,052 sqft.
> A/C. Est. $1,279/mo. Listed 172 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $239,000 |
| Price/sqft | $78 |
| Bedrooms | 3 |
| Bathrooms | 3 full |
| Square Feet | 3,052 |
| Year Built | 1952 |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 172 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,209 |
| Estimated Insurance | $70 |
| **Total** | **$1,279** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1952
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 403 Walnut Street, Elmira, NY 14901
- **County:** Chemung
- **Coordinates:** 42.088887, -76.818658
- **Google Maps:** https://www.google.com/maps?q=42.088887,-76.818658

## Listing Agent

- **Name:** Andrew Hughes · **License:** 10401336330
- **Brokerage:** Keller Williams Realty Southern Tier & Finger Lakes
- **Broker Phone:** (607) 795-2900
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/403-Walnut-St_Elmira_NY_14901_M93162-61388?f=listhub&s=BNARNY&m=R1679872&c=propsimple)

## Photos

![403 Walnut Street - Photo 1](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f3794570033r.jpg)

![403 Walnut Street - Photo 2](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f3523470496r.jpg)

![403 Walnut Street - Photo 3](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f4151972846r.jpg)

![403 Walnut Street - Photo 4](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f2562151465r.jpg)

![403 Walnut Street - Photo 5](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f1091637910r.jpg)

![403 Walnut Street - Photo 6](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f3617993859r.jpg)

![403 Walnut Street - Photo 7](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f21509506r.jpg)

![403 Walnut Street - Photo 8](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f4030508867r.jpg)

![403 Walnut Street - Photo 9](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f2841335167r.jpg)

![403 Walnut Street - Photo 10](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f3652883675r.jpg)

![403 Walnut Street - Photo 11](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f2029241120r.jpg)

![403 Walnut Street - Photo 12](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f483492532r.jpg)

![403 Walnut Street - Photo 13](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f311921709r.jpg)

![403 Walnut Street - Photo 14](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f1245654241r.jpg)

![403 Walnut Street - Photo 15](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f4102350397r.jpg)

![403 Walnut Street - Photo 16](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f3773527215r.jpg)

![403 Walnut Street - Photo 17](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f3926652827r.jpg)

![403 Walnut Street - Photo 18](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f2395529410r.jpg)

![403 Walnut Street - Photo 19](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f394565273r.jpg)

![403 Walnut Street - Photo 20](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f578891580r.jpg)

![403 Walnut Street - Photo 21](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f3612654625r.jpg)

![403 Walnut Street - Photo 22](http://lh.rdcpix.com/2dfa0bf9cb2a4d5046f8c6e078c4f362l-f263192796r.jpg)

---

**MLS#:** R1679872 | **Updated:** 2026-10-22
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/403-walnut-street-elmira-ny-14901-1236a33a031a4617b13c4f48b3cb4e23)

---

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