450 Riverside Avenue, Elmira City, NY 14904
Chemung County
Key Facts
Description
Excellent investment opportunity with strong rental history and immediate cash flow potential. This fully occupied 5-unit property sits on a desirable corner lot and features long-term tenants, all currently on month-to-month leases, offering flexibility for future rent adjustments or management strategies. The building includes a convenient coin-operated laundry area on the first floor, providing additional income potential. With consistent occupancy, this property is ideal for investors looking to expand their portfolio with a turnkey multi-family asset offering steady income and upside potential. Don’t miss this rare opportunity to own a solid income-producing property.
Property Information
Property Type
Residential
Sub-Type
Multi Family
Year Built
1949
Stories
2
Living Area
4,769 sq ft
Lot Size
0.14 acres
Lot Dimensions
50X125
Days on Market
44
MLS® Listing#
R1685020
Property Features
- Appliances:
- Gas Water Heater, Water Heater
- Heating:
- Forced Air, Natural Gas
- Flooring:
- Hardwood, Laminate, Varies
- Basement:
- Full
- Lot Features:
- Corner Lot, Near Public Transit, Rectangular Lot
- Construction:
- Wood Siding
- Utilities:
- Sewer Connected, Water Connected
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $89,097
- Assessed Value:
- $47,000
- Parcel #:
- 070400-099-008-0006-011-000-0000
Affordability Calculator
$25,000
Estimated monthly payment
$665/mo
Principal $100,000 · Est. interest $139,509 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elmira City, NY
- $254,000
- Median Listing Price
- 51
- Median Days on Market
- 1,734
- Median Sq Ft
- $127
- Median Price / Sq Ft
- 639
- Active Listings
- This home’s price is 51% below the area median.
- Its price per sq ft is 79% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Elmira City, NY.
Location
- 450 Riverside Avenue, Elmira City, NY 14904
Nearby Schools
Riverside Elementary School
Elementary · 0.0 mi away
Family Enrichment Center
School · 0.5 mi away
Coburn Elementary School
Elementary · 0.6 mi away
Holy Family Elementary School
Elementary · 0.7 mi away
Beecher Elementary School
Elementary · 0.7 mi away
Finn Academy: an Elmira Charter School
Elementary · 0.9 mi away
Ernie Davis Community Center
Elementary · 1.0 mi away
Elmira High School
Secondary · 1.1 mi away
Notre Dame High School
Secondary · 1.5 mi away
Diven Elementary School
Elementary · 1.7 mi away
Holy Family Middle School
School · 1.8 mi away
Ernie Davis Academy
School · 2.0 mi away
Elmira City School District
School · 2.0 mi away
Broadway Elementary School
Elementary · 2.0 mi away
Fassett Elementary School
Elementary · 2.4 mi away
Hendy Elementary School
Elementary · 2.6 mi away
Thomas A Edison High School
Secondary · 3.1 mi away
Elmira Heights Central School District
School · 3.1 mi away
Cohen Middle School
Secondary · 3.1 mi away
Cohen Elementary School
Elementary · 3.1 mi away
Commute Calculator
Nearby Homes
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Moving Cost Estimate
EXIT Agents in Elmira City
Listing Courtesy: Keller Williams Realty Southern Tier & Finger Lakes - 6077952900
Presented by: Kelly N. Squires
IDX information is provided exclusively 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. This data is deemed reliable by is not guaranteed accurate by the MLS.
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Fair Housing NoticeLast Updated: 2026-05-27