Ad #7949820
MLS #R1693198
Mixed-use investment opportunity with over $30,000/year in
2096 College Ave, Elmira, NY 14903
$239,900
5Beds
4Baths
2,466Sqft
0.19Acres
About this property
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 lightingmercial 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.
Property Features
5 Beds
4 Baths
2,466 Sqft
Built in 1960
0.19 Acres
2 Stories
Siding: VinylSiding, PexPlumbing
Shingle Roof
Baseboard, Forced Air, Natural Gas, Electric (Heating)
$4,423 / yr property tax
Chemung County
Additional Photos
Contact Information
Pamela Pariso
Keller Williams Realty Southern Tier & Finger Lakes
607-742-1350
Location
Listing Agent: Pamela Pariso (License #: 10401278422) 607-742-1350
Broker: Keller Williams Realty Southern Tier & Finger Lakes 607-795-2900 Listing Site
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty Southern Tier & Finger Lakes 607-795-2900 Listing Site
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Sep 12, 2026
Photo Gallery
$239,900
5
Beds
4
Baths
2,466
Sqft
2096 College Ave, Elmira, NY 14903
By contacting this agent you agree to these Terms and Conditions.
MLS# R1693198
$239,900
2096 College Ave, Elmira, NY 14903
5
Beds
4
Baths
2,466
Sqft
0.19
Acres
$239,900
2096 College Ave, Elmira, NY 14903
5 Beds
4 Baths
2,466 Sqft
0.19 Acres
Accessibility Features
Accessible Approach with Ramp
Mixed-use investment opportunity with over $30,000/year in
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 lightingmercial 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.
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Property Details
HOME DETAILS
5 Beds
4 Baths
2,466 Sqft
Built in 1960
0.19 Acres
2 Stories
EXTERIOR
Siding: VinylSiding, PexPlumbing
Shingle Roof
INTERIOR
Baseboard, Forced Air, Natural Gas, Electric (Heating)
FINANCIAL & COMMUNITY
$4,423 / yr property tax
Chemung County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7949820
Viewed
55 times
Listing Status
Active
Added
Jun 23, 2026
Last Refreshed
Sep 12, 2026 03:45:08 PM
Listing Information
Data Source
New York State Alliance of MLSs, LLC
Source Property ID
R1693198
Listing Agent: Pamela Pariso (License #: 10401278422) 607-742-1350
Broker: Keller Williams Realty Southern Tier & Finger Lakes 607-795-2900 Listing Site
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty Southern Tier & Finger Lakes 607-795-2900 Listing Site
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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