$189,999

1103-1105 College Avenue, Elmira City, NY 14901

6 beds |
2 baths |
2,720 sqft

Multi-Family Home
Built in 1929
0.32acre lot
2 car garage
$70/sqft
Listed 1 month ago

Property Description

This duplex at 1103–1105 College Ave is a rare opportunity to secure both immediate income and long-term growth in one of Elmira’s most desirable rental corridors. With one unit currently rented month-to-month at $950, investors benefit from steady cash flow from day one. The second unit has just been finalized, offering flexibility for an owner-occupant or the ability to lease at market rates of $1,200–$1,400, significantly increasing gross rental income potential. The property’s location is a major driver of demand: just minutes from LECOM Medical School and Arnot Ogden Medical Center, ensuring a consistent tenant pool of medical students, residents, and healthcare professionals. This proximity translates into strong rental stability and premium rates compared to other Elmira neighborhoods. With projected gross rents of $2,150–$2,350 per month, investors can achieve attractive returns while benefiting from a property that is already cash-flowing. The duplex’s updated finishes, spacious layouts, and professional presentation—including a 3D tour—make it easy to attract quality tenants and minimize vacancy. Whether you’re seeking a turnkey addition to your portfolio or a smart owner-occupant strategy with rental support, this property delivers a compelling blend of location, income, and appreciation potential.

Listing Status:: Active
Date Added:: November 14, 2025 at 06:00AM
Listing Office:: Keller Williams Realty Southern Tier & Finger Lakes : (607) 795-2900
Listing Agent:: Andrew Mitchell : (607) 481-0780
MLS ID:: R1651002

Appliances: Gas Water Heater
Basement: Full
Flooring: HardwoodVariesVinyl
Heating: GasForced Air
Fireplace: Fireplaces: 0

Style: Duplex
Parking: CommonParking Available

Roofing: ArchitecturalShingle
General: Vinyl Siding2BlockSlab

Road/Access: City Street
Originating MLS: NYS_EC
School District: Elmira
County: Chemung

Zoning: 070400-089-006-0003-017-000-0000

Utilities: Electricity ConnectedSewer ConnectedWater Connected
Water: ConnectedPublic
Sewer: Connected

Source: NYS_EC

This listing courtesy of Andrew Mitchell, Keller Williams Realty Southern Tier & Finger Lakes

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Diven School

1115 Hall St, Elmira, NY, 14901

Grades PK-2

0.59 miles away

Ernie Davis Academy

933 Hoffman St, Elmira, NY, 14905

Grades 7-8

0.84 miles away

Elmira High School

777 S Main St, Elmira, NY, 14904

Grades 10-12

2.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.