About This Home

This 7-bedroom, 3-bathroom residential multi family at 514 W Church in Elmira, NY is listed for $170,000 ($43 per sqft). Built in 1890, the home offers 3,980 sqft of living space on a 0.33 acres lot.

Key Features

  • Built in 1890
  • 0.33 acre lot
  • 3 stories

Property Details

3 stories
3 full
1890

Amenities

Hardwood
Listing Description

Calling all investors! This well-maintained multi-family property is a fantastic opportunity to add a stable, income-producing asset to your portfolio. Currently generating approximately $37,000 in annual rental income, the building is fully occupied with long-term tenants, providing immediate cash flow from day one.

With below-market rents, there is excellent potential to increase income over time. An added bonus is the expansive unfinished top floor, offering the opportunity to create two additional apartment units (subject to municipal approvals), significantly increasing the property's earning potential.

Whether you're looking for a turnkey investment with reliable tenants or a value-add project with room for substantial growth, this property offers both. Don't miss your chance to own an investment with immediate returns and exceptional upside potential.

Monthly Cost Estimate

$909/mo

20% down · 6.5% · 30 years

Principal$123
Interest$737
Insurance$50

Estimates only. Actual payments may vary.

Location

514 W Church

Elmira, NY 14901

Property Details

Flooring

HardwoodCarpetVariesVinyl

Construction

WoodSiding

Outdoor Features

Porch

Heating

Electric (Heating)Baseboard

Appliances

ElectricWaterHeaterGasWaterHeater

Questions & Answers

This 7-bedroom, 3-bathroom residential multi family at 514 W Church is listed at $170,000 ($43/sqft). The estimated monthly payment is $910 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.33 acre lot, 3 stories.

This property is listed by Victoria Simmons.

VS

Victoria Simmons

License 10401376567

Agent at Signature Properties

Listed by Signature Properties · Broker phone: (607) 796-9817 · View on Broker Site · Broker website

MLS# R1700720· Source: New York State Alliance of MLSs, LLC· 102 days on PropertySimple

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.

514 W Church, Elmira, NY 14901

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