Great Investment Opportunity! This attractive three-unit rental property offers strong income potential and a convenient location near schools and shopping. Unit 1 features a spacious 1-bedroom, 1-bath layout with an open and comfortable living area. Unit 2 offers a functional 2-bedroom, 1-bath floor plan, ideal for families or roommates. Unit 3 is a cozy 1-bedroom, 1-bath unit, perfect for singles or working professionals. Each unit has separate gas and electric meters, making utility management simple and efficient. While the property needs some TLC, it presents an excellent opportunity for investors looking to add value and maximize returns.
Property Details
Price:
$64,900
MLS #:
R1708709
Status:
Active
Beds:
4
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
elmiracity070400
Listed Date:
Aug 21, 2026
Finished Sq Ft:
2,369
Total Sq Ft:
2,369
Lot Size:
9,178 sqft / 0.21 acres (approx)
Year Built:
1902
Units:
3
See this Listing
Schools
School District:
Elmira
Interior
Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Laminate, Varies
Heating
Gas, Forced Air
Levels
Two
Exterior
Construction Materials
Brick, Vinyl Siding, Wood Siding
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
Two Or More Spaces
Roof
Architectural, Shingle
Stories
2
Financial
Taxes
$5,066
Map
Community
- Address316 West 1st Street Elmira City NY
- CityElmira City
- CountyChemung
- Zip Code14901
Market Summary
Current real estate data for Multi Family in Elmira City as of Sep 04, 2026
61
Multi Family Listed
119
Avg DOM
34
Avg $ / SqFt
$87,176
Avg List Price
Property Summary
- 316 West 1st Street Elmira City NY is a Multi Family for sale in Elmira City, NY, 14901. It is listed for $64,900
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Courtesy of Howard Hanna Corning. 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. 316 West 1st Street
Elmira City, NY