Excellent investment opportunity! This well-maintained 3-unit property features all separate utilities, making management simple and efficient. Currently occupied by long-term tenants generating $2,250 per month in rental income, with strong potential for future rent increases. A solid addition to any portfolio with immediate cash flow and upside opportunity.
Property Details
Price:
$190,000
MLS #:
R1677995
Status:
ActiveUnderContract
Beds:
4
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
elmiracity070400
Listed Date:
Apr 30, 2026
Finished Sq Ft:
2,883
Total Sq Ft:
2,883
Lot Size:
11,030 sqft / 0.25 acres (approx)
Year Built:
1890
Units:
3
See this Listing
Schools
School District:
Elmira
Interior
Appliances
Electric Water Heater
Bathrooms
3 Full Bathrooms
Fireplaces Total
1
Flooring
Ceramic Tile, Hardwood, Tile, Varies
Heating
Electric, Gas, Baseboard, Forced Air
Levels
Two
Exterior
Architectural Style
Triplex
Construction Materials
Wood Siding
Lot Features
Other, Rectangular, Rectangular Lot, See Remarks
Parking Features
Two Or More Spaces
Stories
2
Financial
Taxes
$4,970
Map
Community
- Address708 West Water Street Elmira City NY
- CityElmira City
- CountyChemung
- Zip Code14905
Market Summary
Current real estate data for Multi Family in Elmira City as of Jul 20, 2026
51
Multi Family Listed
121
Avg DOM
39
Avg $ / SqFt
$97,442
Avg List Price
Property Summary
- 708 West Water Street Elmira City NY is a Multi Family for sale in Elmira City, NY, 14905. It is listed for $190,000
Similar Listings Nearby
Courtesy of Keller Williams Realty Southern Tier & Finger Lakes. 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. 708 West Water Street
Elmira City, NY