Active

2096 College Avenue

Elmira, NY 14903
Mark as Favorite
Bed 5

Bed

Bath 4

Bath

SqFt2,466

Sqft

Acres0.19

Acre(Lot)

Mixed-use investment opportunity with over $30,000/year in current rental income and additional upside from a 4th unit! This well-maintained property features 3 income-producing residential units in the main building, each with a private entrance, plus a detached garage ADU that, with just a couple finishing projects, could generate an additional $800/month or more. Zoned for both commercial and residential use, the property offers excellent flexibility for investors, owner-occupants, or entrepreneurs. Formerly home to Angela's Hair Salon, the building has been thoughtfully converted to residential use while retaining the potential for future commercial use. The 1st floor includes a 2-bedroom apartment with laundry hookup and vaulted ceilings, plus a studio apartment with vaulted ceilings, kitchenette, walk-in shower, and flexible living space. Upstairs is a 1-bedroom apartment with separate utilities and its own furnace. The lower rear unit is handicap accessible with ramp access. Everything is in great shape and well maintained. A large paved parking lot accommodates approximately 12 cars and includes exterior lighting. Commercial signage on the front and side of the building conveys with the sale. The basement offers 2 laundry hookups and additional finished space formerly used as a salon break room, complete with electricity and a sink, providing flexibility for storage, tenant amenities, or future use. The detached garage ADU is a hidden bonus. Take a look at the photos—who would have guessed a secret studio could be so gorgeous? All it needs is a range and completion of the bathroom to become a possible 4th unit. Current rents: Unit A $975/month (utilities included), Unit B $763/month plus utilities, and Unit C $800/month (utilities included). Unit D, the garage ADU, has never been rented and offers significant additional income potential. Current rents are below market rates. Add the potential 4th unit and you have true cash flow potential, PLUS the sellers also own the 2-unit next door and may be willing to sell both properties together for the right package price. Showings require 48 hours' notice and must be accompanied by the seller's agent.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $239,900

AD Id : 85787283

MLS Id : R1693198

Beds : 5

Lot Size : 0.19 Acre

Living Area Size : 2,466

Year Built : 1960

County : Chemung

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4 Full Baths: 3 Half Baths: 1

    Room Information

    Has Basement: Yes Basement: Exterior Entry, Full, Walk-Up Access
  • Flooring Information

    Carpet, Laminate, Varies, Vinyl
  • Roofing Information

    Shingle
  • Interior Features

    Ceiling Fan(s) Roof: Shingle Appliances: Gas Water Heater, Water Heater Laundry Features: Washer Hookup Window Features: Skylight(s)
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Electric, Forced Air, Natural Gas Has Cooling: Yes Cooling: Ceiling Fan(s)

  • Building Information

    Year Built: 1960 Building Area Total: 2466 Construction Materials: Vinyl Siding Stories: 2 Patio And Porch Features: Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 60X140 Main Square Feet: 0.1928 Acres Lot Size Acres: 0.1928 Lot Size Square Feet: 8400 Lot Description: Irregular Lot, Near Public Transit

  • Listing Price Information

    Listing Price: $239900 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 79.09-6-32 Tax Lot: 31 Annual Tax: $4423

  • School Information

    Elementary School: Cohen Elementary
    Junior High School: Cohen Middle
    Senior High School: Thomas A Edison High
  • Utility Information

    Cable Available, Electricity Available, Sewer Connected, Water Connected
  • Location Information

    Direction: Easy to find directly across the street from Edison High School in Elmira Heights. WaterSource: Public
Sell a home like this and save $13,895 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
118 Hope St, Elmira, NY, 14903 $59,500 2 2 839 839 SqFt
133 Marian Avenue, Elmira, NY, 14903 $285,000 5 3 1,784 1,784 SqFt
67 Thornapple Drive, Elmira, NY, 14903 $499,900 4 3 3,513 3,513 SqFt
176 Coleman Avenue, Elmira, NY, 14903 $254,900 3 2 1,360 1,360 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

ByOwner last updated this listing 06/24/2026 @ 13:56

MLS: R1693198 LISTED BY: Pamela Pariso, Keller Williams Realty Southern Tier & Finger Lakes 607-795-2900 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)

Selling? Save $13,895 when you sell a home like this

Tour with a ByOwner Agent