Exceptional Redevelopment Opportunity | Former Assisted Living Facility | 20+ Unit Potential!
Investors, developers, and visionaries—this is the opportunity you’ve been waiting for!
Formerly operated as an assisted living/adult home, 301 Grove offers an enormous amount of space and virtually unlimited redevelopment potential. The property has the size, layout, and location to accommodate a variety of investment concepts, with the potential for 20+ residential units depending on the final design.
Located just minutes from Elmira College, the property is ideally positioned for an investor looking to capitalize on the demand for housing in a convenient location. 8,152 square feet of building area, with the property historically operating as an adult/assisted-living facility.
This is not a turnkey property. The building requires extensive renovation and will be best suited for an investor, contractor, or developer who can see beyond its current condition and is willing to put in the work. With the right vision and a substantial amount of sweat equity, the possibilities are extensive.
Potential uses may include:
* Conversion to multiple residential apartments
* Student housing
* Multifamily redevelopment
* Senior or supportive housing
* Other residential concepts
* Owner-occupied/investor combination projects
The existing configuration offers a substantial amount of space to work with, and the bedroom and bathroom counts should be considered approximate and subject to buyer verification.
If you’re looking for a large-scale value-add project where you can create significant value through renovation and redevelopment, 301 Grove Street deserves a serious look.
Bring your contractor, architect, and imagination. The opportunity is here—the next chapter is up to you.
Property is being sold in its present condition. Buyer to conduct their own due diligence regarding zoning, permitted uses, building requirements, utilities, unit count, square footage, and all necessary approvals.
Investors, developers, and visionaries—this is the opportunity you’ve been waiting for!
Formerly operated as an assisted living/adult home, 301 Grove offers an enormous amount of space and virtually unlimited redevelopment potential. The property has the size, layout, and location to accommodate a variety of investment concepts, with the potential for 20+ residential units depending on the final design.
Located just minutes from Elmira College, the property is ideally positioned for an investor looking to capitalize on the demand for housing in a convenient location. 8,152 square feet of building area, with the property historically operating as an adult/assisted-living facility.
This is not a turnkey property. The building requires extensive renovation and will be best suited for an investor, contractor, or developer who can see beyond its current condition and is willing to put in the work. With the right vision and a substantial amount of sweat equity, the possibilities are extensive.
Potential uses may include:
* Conversion to multiple residential apartments
* Student housing
* Multifamily redevelopment
* Senior or supportive housing
* Other residential concepts
* Owner-occupied/investor combination projects
The existing configuration offers a substantial amount of space to work with, and the bedroom and bathroom counts should be considered approximate and subject to buyer verification.
If you’re looking for a large-scale value-add project where you can create significant value through renovation and redevelopment, 301 Grove Street deserves a serious look.
Bring your contractor, architect, and imagination. The opportunity is here—the next chapter is up to you.
Property is being sold in its present condition. Buyer to conduct their own due diligence regarding zoning, permitted uses, building requirements, utilities, unit count, square footage, and all necessary approvals.
Property Details
Price:
$89,900
MLS #:
R1719734
Status:
Active
Beds:
20
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
elmiracity070400
Listed Date:
Oct 4, 2026
Finished Sq Ft:
8,152
Total Sq Ft:
8,152
Lot Size:
21,450 sqft / 0.49 acres (approx)
Year Built:
1975
Units:
2
See this Listing
Schools
School District:
Elmira
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Other, See Remarks
Flooring
Hardwood, Varies
Heating
Gas, Other, See Remarks
Interior Features
Attic
Exterior
Construction Materials
Stucco
Garage Spaces
2
Lot Features
Corner Lot, Rectangular, Rectangular Lot
Parking Features
Paved, Parking Available, Two Or More Spaces
Stories
3
Financial
Taxes
$6,458
Map
Community
- Address301 Grove Street Elmira City NY
- CityElmira City
- CountyChemung
- Zip Code14905
Market Summary
Current real estate data for Multi Family in Elmira City as of Oct 17, 2026
71
Multi Family Listed
127
Avg DOM
34
Avg $ / SqFt
$86,813
Avg List Price
Property Summary
- 301 Grove Street Elmira City NY is a Multi Family for sale in Elmira City, NY, 14905. It is listed for $89,900
Similar Listings Nearby
Courtesy of Renowned Realty,LLC.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 301 Grove Street
Elmira City, NY