355 Walnut St Elmira, NY 14901
Estimated payment $817/month
Highlights
- Wood Flooring
- Forced Air Heating System
- Rectangular Lot
About This Home
Investment Opportunity – Duplex with Strong Cash Flow & Upside Potential! This spacious duplex features two large 2-bedroom units with solid rental income and over $25,000 in recent improvements. The left unit is especially roomy, offering 1.5 bathrooms and extra living space. Currently rented at $1,125 per side ($2,250/month gross), this property has already generated over $17,000 in 2025 income. Utilities are included under existing leases but could be restructured to boost your net operating income. Two spacious 2BR units Over $25K in updates since purchase in 2024 Long-term tenants in place Gross rents: $2,250/month with room to increase Potential to separate utilities for higher returns Strong bones and a layout that supports rent increases with further improvements
Listing Agent
Listing by Keller Williams Realty Southern Tier & Finger Lakes License #10401336330 Listed on: 10/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,852
Year Built
- Built in 1875
Lot Details
- Rectangular Lot
Interior Spaces
- 1,864 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Assessor Parcel Number 89.18-3-12
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,844 | $44,000 | $6,500 | $37,500 |
| 2023 | $2,848 | $44,000 | $6,500 | $37,500 |
| 2022 | $1,558 | $44,000 | $6,500 | $37,500 |
| 2021 | $1,535 | $44,000 | $6,500 | $37,500 |
| 2020 | $1,603 | $44,000 | $6,500 | $37,500 |
| 2019 | $508 | $44,000 | $6,500 | $37,500 |
| 2018 | $3,506 | $44,000 | $6,500 | $37,500 |
| 2017 | $1,557 | $44,000 | $6,500 | $37,500 |
| 2016 | $1,547 | $44,000 | $6,500 | $37,500 |
| 2015 | -- | $44,000 | $6,500 | $37,500 |
| 2014 | -- | $44,000 | $6,500 | $37,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | Pending | -- | -- | -- |
| 10/09/2025 10/09/25 | For Sale | $110,000 | -- | $59 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $7,500 | None Available | |
| Deed | $25,000 | Lewis W Jr Morse | |
| Deed | $25,000 | Lewis W Jr Morse |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $60,000 | Purchase Money Mortgage |
Source: Elmira-Corning Regional Association of REALTORS®
MLS Number: R1643372
APN: 070400-089-018-0003-012-000-0000