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About This Home

This 3-bedroom, 3-bathroom residential multi family at 403 Walnut Street in Elmira, NY is listed for $249,000 ($82 per sqft). Built in 1952, the home offers 3,052 sqft of living space on a N/A lot.

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 a

dditional 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.

Key Features

  • Built in 1952
  • 2 stories

Property Details

2 stories
3 full
1952

Amenities

A/C

Monthly Cost Estimate

$1,332/mo

20% down · 6.5% · 30 years

Principal$180
Interest$1,079
Insurance$73

Estimates only. Actual payments may vary.

Location

403 Walnut Street

Elmira, NY 14901

Property Details

Flooring

VinylLaminateCarpetVaries

Construction

VinylSiding

Heating

Ductless (Heating)Natural GasForced Air

Cooling

Ductless

Appliances

GasWaterHeater

Questions & Answers

This 3-bedroom, 3-bathroom residential multi family at 403 Walnut Street is listed at $249,000 ($82/sqft). The estimated monthly payment is $1,079 based on 20% down at 6.5% interest.

Key features include: Built in 1952, 2 stories.

This property is listed by Andrew Hughes and can be reached at 6077312030 or hughesstructures@kw.com.

AH

Andrew Hughes

Agent at Keller Williams Realty Southern Tier & Finger Lakes

(607) 731-2030

Listed by Keller Williams Realty Southern Tier & Finger Lakes · View on Broker Site

MLS# R1679872· Source: listhub· Updated 20 days ago

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.

403 Walnut Street, Elmira, NY 14901

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