450 Riverside Ave

4,769 Sq. Ft.
$26 / Sq. Ft.
4,769
Sq. Ft.
$26
per Sq. Ft.

Description

Excellent investment opportunity with strong rental history and immediate cash flow potential. This fully occupied 5-unit property sits on a desirable corner lot and features long-term tenants, all currently on month-to-month leases, offering flexibility for future rent adjustments or management strategies. The building includes a convenient coin-operated laundry area on the first floor, providing additional income potential. With consistent occupancy, this property is ideal for investors looking...Excellent investment opportunity with strong rental history and immediate cash flow potential. This fully occupied 5-unit property sits on a desirable corner lot and features long-term tenants, all currently on month-to-month leases, offering flexibility for future rent adjustments or management strategies. The building includes a convenient coin-operated laundry area on the first floor, providing additional income potential. With consistent occupancy, this property is ideal for investors looking to expand their portfolio with a turnkey multi-family asset offering steady income and upside potential. Don’t miss this rare opportunity to own a solid income-producing property.

Property Details for 450 Riverside Avenue

On Waterfront
No
Parking Description
Two Or More Spaces
Nearest Cross Street
Caldwell
LISTING UPDATED: 07/10/2026 12:45 PM

Property Details for 450 Riverside Avenue

StatusActive
MLS #R1685020
Days on Market48
Taxes$89,097 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Residential
Year Built1949
Lot Size0.14 AC / 6,250 SF
CountyChemung County

Location

Listing Courtesy of Keller Williams Realty Southern Tier & Finger Lakes
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Building Information for 450 Riverside Avenue

Stories2Residences5Year Built1949Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$8,048 per month

30 year fixed, 6.36% Interest

Principal and Interest

$623

Property Taxes

$7,425

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 450 Riverside Avenue

Summary
Location and General Information
  • Elementary School District: Elmira
  • High School District: Elmira
  • Middle Or Junior School District: Elmira
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Elmira-City-070400
  • Tax Annual Amount: $89,097.00
Property
Lot Information
  • Building Area Total: 4769.0
  • Land Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
  • Num Of Acres: 0.1435
  • Lot Size Area: 0.1435
  • Lot Size Square Feet: 6250.0
  • Lot Size Units: Acres
  • Parcel Number: 070400-099-008-0006-011-000-0000
  • Lot Number: 11
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $47,000
  • Year Built: 1949
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 1
  • Num Of Gas Meters: 1
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 6
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Laminate, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 4769.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 5
  • Operating Expense Includes: Utilities
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $540.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Dining Area With Living Room
  • Unit Type Total Rent: $540.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 540
Unit 2
  • Unit Type Actual Rent: $570.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Dining Area With Living Room
  • Unit Type Total Rent: $570.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 570
Unit 3
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Dining Area With Living Room
  • Unit Type Total Rent: $600.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 600
Unit 4
  • Unit Type Actual Rent: $240.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Dining Area With Living Room
  • Unit Type Total Rent: $240.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 240
Rental
Rental Information
  • Rent Includes: All Utilities

Property History for 450 Riverside Avenue

DateEvent & SourcePriceAppreciation
Jul 10, 2026

Price Change

New York State Alliance of MLSs (Buffalo) #R1685020

$125,000
Jul 10, 2026

Price Change

WNYREIS #R1685020

$125,000
May 27, 2026

Listed (Active)

New York State Alliance of MLSs (Buffalo) #R1685020

$150,000
DateEvent & SourcePrice
07/10/2026

Price Change

New York State Alliance of MLSs (Buffalo) #R1685020

$125,000
07/10/2026

Price Change

WNYREIS #R1685020

$125,000
05/27/2026

Listed (Active)

New York State Alliance of MLSs (Buffalo) #R1685020

$150,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 450 Riverside Avenue

Taxable ValueLand$7,000Additions$40,000Total$47,000
Tax Record2024$4,931 ($411 / month)
Home Facts
Total Finished SqFt2,971 SqFtAbove Grade Finished SqFt2,971 SqFtUnfinished Basement SqFt1,798 SqFtStories2Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningRACountyCHEMUNGAPN070400 99.08-6-11

Schools near 450 Riverside Avenue

This home is within Elmira City School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 9
Public - 10 to 12
Rating
School
Distance
Riverside School
PublicPK to 2

Parley Coburn School
Public3 to 6

Broadway Academy
Public9

Elmira High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

450 Riverside Avenue is a multi-family home for sale in Elmira, NY 14904. This property was listed for sale on May 27, 2026 by Keller Williams Realty Southern Tier & Finger Lakes, it's currently listed at $125,000. This listing's school district is Elmira City School District. Nearby schools include Riverside School, Parley Coburn School and Broadway Academy. 450 Riverside Avenue is a 6-bed, 4-bath, 4,769 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Southern Tier & Finger Lakes

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.