$110,000

355 Walnut Street, Elmira City, NY 14901

4 beds |
3 baths |
1,864 sqft

Multi-Family Home
Built in 1875
—— sqft lot
—— car garage
$59/sqft
Listed 2 months ago

Property Description

Investment Opportunity – Duplex with Strong Cash Flow & Upside Potential! This spacious duplex features two large 2-bedroom units with solid rental income and over $25,000 in recent improvements. The left unit is especially roomy, offering 1.5 bathrooms and extra living space. Currently rented at $1,125 per side ($2,250/month gross), this property has already generated over $17,000 in 2025 income. Utilities are included under existing leases but could be restructured to boost your net operating income. Two spacious 2BR units Over $25K in updates since purchase in 2024 Long-term tenants in place Gross rents: $2,250/month with room to increase Potential to separate utilities for higher returns Strong bones and a layout that supports rent increases with further improvements

Listing Status:: Pending
Date Added:: October 9, 2025 at 05:00AM
Listing Office:: Keller Williams Realty Southern Tier & Finger Lakes : (607) 795-2900
Listing Agent:: Andrew Hughes : (607) 731-2030
MLS ID:: R1643372

Appliances: Gas Water Heater
Basement: Dirt Floor
Flooring: HardwoodLaminateVaries
Heating: GasForced Air
Fireplace: Fireplaces: 0

Parking: No Driveway

Roofing: Shingle
General: OtherSee Remarks2

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

Zoning: 89.18-3-12

Utilities: Sewer ConnectedWater Connected
Water: ConnectedPublic
Sewer: Connected

Source: NYS_EC

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

Monthly Payment

$Est. Payment

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

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Parley Coburn School

216 Mount Zoar St, Elmira, NY, 14904

Grades 3-6

0.90 miles away

Ernie Davis Academy

933 Hoffman St, Elmira, NY, 14905

Grades 7-8

0.83 miles away

Elmira High School

777 S Main St, Elmira, NY, 14904

Grades 10-12

1.73 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.