Opportunity Awaits! Legal dwelling conversion to 3 units (triplex) overlooking downtown Elmira! Don't miss this charming century-old home offering strong income potential. Two separate 1BR/1BA apartments plus a primary unit provide flexibility to live in one and rent the others, or rent all three for estimated gross income of at least $5,000/month. Features of the home include a large welcoming front porch and upper balcony, updated eat-in kitchen with white cabinetry and granite counters, formal dining room, living room, office/den, original wood floors and natural wood staircase. Three spacious bedrooms, two full bathrooms, walk-up attic space oozing with potential, and a large finished rec room with gas fireplace. Property features an addition to the back of the home where you'll find an attached oversized deep garage and 2 separate apartments with their own storage space and separate entrances; Apartment unit 1 was fully renovated in 2022 and vacant as of May 1 allowing you to pick your own tenant; second unit rented month-to-month with long-term tenant. Outside provides ample parking, private partially fenced yard with interlocking patio and storage shed. Mechanical upgrades: furnace and central air replaced in 2019, owned water heater 2025. This one is a must see! Book your showing today and start earning where you live tomorrow.
Data was last updated July 5, 2026 at 07:50 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$864,450
Min list price:
$449,000
Max list price:
$1,549,000
Avg days on market:
38
Min days on market:
2
Max days on market:
178
Avg price per sq.ft.:
$380.21
These statistics are generated based on the current listing's property type
and located in
550 - Elmira. Average values are
derived using median calculations. This data is not produced by
the MLS® system.