# 403 Walnut Street, Elmira, NY 14901

> **TL;DR:** 3bd/3ba residential multi family, $249,000 ($82/sqft), built 1952, 3,052 sqft.
> A/C. Est. $1,079/mo. Listed 20 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $249,000 |
| Price/sqft | $82 |
| Bedrooms | 3 |
| Bathrooms | 3 full |
| Square Feet | 3,052 |
| Year Built | 1952 |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 20 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,079 |
| **Total** | **$1,079** |

## 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
- **Brokerage:** Keller Williams Realty Southern Tier & Finger Lakes
- **Phone:** 6077312030
- **Email:** hughesstructures@kw.com

## Primary Photo

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

*22 total photos available on [listing page](https://www.propertysimple.com/listing/403-walnut-street-elmira-ny-14901-r1679872)*

---

**MLS#:** R1679872 | **Updated:** 2026-06-19
**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.com/listing/403-walnut-street-elmira-ny-14901-r1679872)

---

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  "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 imme",
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