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406 Dewitt Avenue, 
Elmira, NY 14901

$189,900


4

Beds


4

Baths


2,452

Sq Ft


Multi-Family

Active

Listed by

Nicholas Magera

Howard Hanna Horseheads

607-739-1444

Last updated:

March 3, 2026, 05:41 PM

MLS#

R1663513

Source:

NY GENRIS

About This Home

406 Dewitt Avenue

Potential for $3,800 per month gross rents! Seller offering $10k credit to help with buyers closing costs 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

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1910

Price Summary

189,900

$77 per Sq. Ft.

MLS #:

R1663513

Last Updated:

March 3, 2026, 05:41 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,452 Sq. Ft.


Structure

Structure

Building Area:

2,452 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

4,702


Finances & Disclosures

Finances

Price:

$189,900

Price per Sq. Ft:

$77 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.