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!
Property Details
Price:
$142,500
MLS #:
R1717891
Status:
ActiveUnderContract
Beds:
5
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
elmiracity070400
Listed Date:
Sep 26, 2026
Finished Sq Ft:
2,832
Total Sq Ft:
2,832
Lot Size:
7,392 sqft / 0.17 acres (approx)
Year Built:
1900
Units:
3
See this Listing
Schools
School District:
Elmira
Interior
Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Tile, Varies, Vinyl
Heating
Gas, Forced Air, Wall Furnace
Levels
Two
Exterior
Construction Materials
Vinyl Siding
Lot Features
Rectangular, Rectangular Lot
Parking Features
Gravel, Two Or More Spaces
Stories
2
Financial
Taxes
$4,934
Map
Community
- Address306 South Avenue Elmira City NY
- CityElmira City
- CountyChemung
- Zip Code14904
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
- 306 South Avenue Elmira City NY is a Multi Family for sale in Elmira City, NY, 14904. It is listed for $142,500
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Courtesy of Howard Hanna Horseheads. 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. 306 South Avenue
Elmira City, NY

