BEDS3
BATHS3 full
SQUARE FEET3,052
MLS#R1679872
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLElmira
Property Description
Turnkey 3-Unit Investment Property with Strong Updates, Parking, Garage & Expansion Potential Excellent opportunity to own a well-maintained and substantially updated 3-unit multifamily property in Elmira, NY. This income-producing asset offers strong rental history, major capital improvements, and additional upside potential with ample parking, garage space, and room for future development. The property currently generates $2,850/month in rental income with no delinquency issues, providing immediate cash flow for an investor or owner-operator. Major improvements include: New roof installed July 2024 Most windows replaced All work fully permitted Significant electrical and plumbing upgrades Two apartments completely renovated down to the studs One of the standout features is a massive nearly 1,000 square foot efficiency apartment converted from a former yoga studio, offering an open-concept layout with unique character and flexibility. Additional highlights include: Large parking lot with abundant off-street parking Detached garage Coin-operated laundry room for additional income Two units with separated utilities Space and potential for future expansion or additional development Strong tenant payment history This property combines stability, modernized systems, and future upside - ideal for investors looking for a solid multifamily asset with value-add potential already built into the site. Whether you are expanding your portfolio or looking for a property with long-term appreciation potential, 403 Walnut Street offers a compelling mix of cash flow, updates, and opportunity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Ductless
Heating: Ductless, Gas, Forced Air, Wall Furnace
Lot Size: 0.20 Acres
Roof Type: Flat, Shingle
Stories: 2.0
Taxes: $5,007
Year Built: 1952
Amenities
Other
See Remarks
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 3
Exterior: Vinyl Siding
Flooring: Carpet, Laminate, Varies, Vinyl
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 200X43
Parcel#: 89.18-1-31
Parking: Other, See Remarks
Parking Notes: Other, See Remarks
Sewer: Connected
Units: 3
Utilities: Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Elmira
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty Southern Tier & Finger Lakes
Agency Phone: (607) 795-2900
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 1,044.04 per month $554.17 Principal & Interest $417.25 Property Tax $72.63 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/16/2026. The listing information on this page last changed on 05/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 05/16/2026 12:34:08 AM EST) or GSMLS (last updated Sat 05/16/2026 12:24:22 AM EST) or SMART MLS (last updated Fri 05/15/2026 10:58:20 PM EST) or New York State Alliance MLS (last updated Sat 05/16/2026 12:30:53 AM EST) or Hudson Valley Catskill Region MLS (last updated Sat 05/16/2026 12:11:16 AM EST) or My State MLS (last updated Fri 05/15/2026 11:30:16 PM EST) or Berkshire MLS (last updated Fri 05/15/2026 8:14:05 PM EST) or OneKey MLS (last updated Sat 05/16/2026 12:28:19 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Choice Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
403 Walnut Street | MLS# R1679872
This multi-family property located at 403 Walnut Street, Elmira, NY 14901 is currently listed for sale with an asking price of $249,000. Walnut Street is located within the Elmira school district. Search Elmira real estate on www.coldwellbankerchoice.com today.