Calling all investors! This well-maintained multi-family property is a fantastic opportunity to add a stable, income-producing asset to your portfolio. Currently generating approximately $37,000 in annual rental income, the building is fully occupied with long-term tenants, providing immediate cash flow from day one.
With below-market rents, there is excellent potential to increase income over time. An added bonus is the expansive unfinished top floor, offering the opportunity to create two additional apartment units (subject to municipal approvals), significantly increasing the property’s earning potential.
Whether you’re looking for a turnkey investment with reliable tenants or a value-add project with room for substantial growth, this property offers both. Don’t miss your chance to own an investment with immediate returns and exceptional upside potential.
With below-market rents, there is excellent potential to increase income over time. An added bonus is the expansive unfinished top floor, offering the opportunity to create two additional apartment units (subject to municipal approvals), significantly increasing the property’s earning potential.
Whether you’re looking for a turnkey investment with reliable tenants or a value-add project with room for substantial growth, this property offers both. Don’t miss your chance to own an investment with immediate returns and exceptional upside potential.
Property Details
Price:
$170,000
MLS #:
R1700720
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
elmiracity070400
Listed Date:
Jul 23, 2026
Finished Sq Ft:
3,980
Total Sq Ft:
3,980
Lot Size:
14,375 sqft / 0.33 acres (approx)
Year Built:
1890
Units:
3
See this Listing
Schools
School District:
Elmira
Interior
Appliances
Electric Water Heater, Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Carpet, Hardwood, Varies, Vinyl
Heating
Electric, Baseboard
Exterior
Construction Materials
Wood Siding
Lot Features
Rectangular, Rectangular Lot
Parking Features
Common, Gravel
Patio And Porch Features
Open, Porch
Stories
3
Financial
Taxes
$4,004
Map
Community
- Address514 W Church Elmira City NY
- CityElmira City
- CountyChemung
- Zip Code14901
Market Summary
Current real estate data for Multi Family in Elmira City as of Sep 03, 2026
61
Multi Family Listed
118
Avg DOM
34
Avg $ / SqFt
$87,176
Avg List Price
Property Summary
- 514 W Church Elmira City NY is a Multi Family for sale in Elmira City, NY, 14901. It is listed for $170,000
Similar Listings Nearby
Courtesy of Signature Properties. 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. 514 W Church
Elmira City, NY