# 406 Dewitt Avenue, Elmira, NY 14901

> **TL;DR:** 4bd/4ba residential multi family, $159,900 ($65/sqft), built 1910, 2,452 sqft. Est. $693/mo. Listed 46 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $159,900 |
| Price/sqft | $65 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Square Feet | 2,452 |
| Year Built | 1910 |
| Lot Size | 4,700 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 46 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $693 |
| **Total** | **$693** |

## Property Highlights

- Built in 1910
- 0.11 acre lot
- 2 stories

## Description

### Agent Description
Potential for $3,800 per month gross rents! Excellent opportunity to acquire a well-maintained mixed-use 4-unit property in Elmira featuring three residential apartments and one commercial space. The building has been recently updated with modern flooring, refreshed interiors, and overall well-maintained units, making it ideal for both seasoned investors and owner-operators. The residential portion consists of one 1-bedroom apartment renting for $900/month (utilities included except garbage), one 2-bedroom/1-bath apartment renting for $1,200/month (utilities included except garbage), and one 2-bedroom/1-bath apartment renting for $900/month plus gas and garbage. One unit features a beautifully tiled shower and updated bathroom finishes. All residential tenants are currently on month-to-month leases, providing flexibility for future rent adjustments or owner occupancy. The commercial space, previously rented for $800/month (utilities included except garbage), is currently vacant and used for storage, offering immediate upside potential through lease-up. Once the commercial space is re-rented, the projected gross rent roll would be just under $4,000 per month, with additional room to increase rents over time given the updated condition of the units and strong demand for quality rentals in the area. This property offers a strong mix of residential stability and commercial income potential, with updated interiors and minimal deferred maintenance. Ideal opportunity to increase cash flow through lease-up of the commercial space and optimization of rents over time. Don't miss this chance to add a versatile mixed-use asset to your portfolio in a steadily improving rental market. Building being sold as-is

## Location

- **Address:** 406 Dewitt Avenue, Elmira, NY 14901
- **County:** Chemung
- **Coordinates:** 42.094404, -76.799668
- **Google Maps:** https://www.google.com/maps?q=42.094404,-76.799668

## Listing Agent

- **Name:** Nicholas Magera
- **Brokerage:** Howard Hanna Horseheads
- **Phone:** 6074264541
- **Email:** nicholasmagera@howardhanna.com

## Primary Photo

![406 Dewitt Avenue - Primary Photo](http://lh.rdcpix.com/fb00de3fe68895bc2e2d29ad2bd18da3l-f1490854037r.jpg)

*24 total photos available on [listing page](https://www.propertysimple.com/listing/406-dewitt-avenue-elmira-ny-14901-r1663513)*

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**MLS#:** R1663513 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/406-dewitt-avenue-elmira-ny-14901-r1663513)

---

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