615 W Gray Street, Elmira, NY 14905

Pending

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Property Description

Turn-key 3-unit investment property offering immediate rental income with all units fully leased. Each apartment features two bedrooms, hardwood floors, and distinctive historic character from the home's circa-1860 origins, including exposed brick, built-ins, and timeless architectural details. The property features a versatile layout with one spacious two-story unit and two over/under apartments, providing flexibility and broad rental appeal. All three units are currently leased, delivering immediate cash flow from day one. Outside, enjoy a flat, partially fenced yard and large porches in the front-ideal for tenant use and easy maintenance. The combination of historic charm, solid tenancy, and functional layout makes this a compelling addition to any investment portfolio. A rare chance to own a turn-key, income-producing property with character and long-term rental demand.

615 W Gray Street | MLS# R1655061

This multi-family property located at 615 W Gray Street, Elmira, NY 14905 is currently listed for sale with an asking price of $178,000. W Gray Street is located within the Elmira school district. Search Elmira real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Other, See Remarks, Window Unit(s)
Heating: Gas, Other, See Remarks, Forced Air
Home Style: Triplex
Lot Size: 0.25 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $3,633
Year Built: 1890

Amenities

Ceiling Fan(s)
Fence

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 74
Exterior: Wood Siding
Fencing: Partial
Flooring: Ceramic Tile, Hardwood, Laminate, Varies
Laundry: Washer Hookup
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 62X180
Parcel#: 070400-099-006-0001-040-000-0000
Parking: Two or More Spaces
Parking Notes: Two or More Spaces
Sewer: Connected
Units: 3
Utilities: Sewer Connected, Water Connected
Water: Connected, Public
Window: Thermal Windows

Local Schools

Middle School: Ernie Davis Middle
Elementary School: Fassett Elementary
School District: Elmira

Estimate Your Payment

Estimated Payment

$ 750.82 per month $396.15 Principal & Interest $302.75 Property Tax $51.92 Homeowner's Insurance

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Keller Williams Realty Southern Tier & Finger Lakes
Agency Phone: (607) 795-2900

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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