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468 Spaulding St, Elmira, NY, 14904

2beds
1baths
1,855sqft
$60,000
$32price/sqft
$762/moest. monthly cost
$30,480/yrincome needed

About This Home

Calling all investors! 468 Spaulding St offers an exciting opportunity to bring new life to a two-unit property while building your rental portfolio. One side of this duplex is currently occupied, providing existing rental income, while the vacant unit is ready for a full renovation and your vision. Renovate, reposition, and unlock the property's income potential! Looking for an even bigger opportunity? The triplex at 464 Spaulding St is located directly next door and is also available for sale. Purchase 468 on its own or explore the opportunity to acquire both neighboring properties for a total of five residential units. A unique value-add opportunity for an investor looking to grow a multifamily portfolio in one convenient location!

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

--
Riverside SchoolGrades PK-20.2 mi
--
Broadway AcademyGrades 91.8 mi
3/10
Elmira High SchoolGrades 10-120.9 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1900

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 2

Features

  • Flooring: Carpet,Tile,Varies

Heating & Cooling

  • Heating features: Gas,Other,See Remarks
  • Cooling features: Other,See Remarks

Interior Area

  • Total structure area: 1,855
  • Total interior livable area: 1,855 sqft

Property

Details

  • Parcel number: 07040009900800050280000000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,800 sqft
  • Features: Adjacent To Public Land,Irregular Lot
  • Lot size dimensions: 60 x 80

Parking

  • Parking features: Other,See Remarks

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate

How This Home’s Risks Compare

Lightning

FEMA Declared Disasters in Chemung County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $303$3,636
Home Insurance *$53$636
Property Taxes $100$1,200
Electricity $306$3,678
Total$762$9,144
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,125/yr
40% on housing$22,860/yr
45% on housing$20,320/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.2%
2.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$32This listing

vs Other Active Listings

Avg $/sqft

ZIP 14904$56
Chemung County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 14904$70
Chemung County$98

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-23Listed for sale$60,000
2025-03-28Contingent$59,900
2024-11-26Price change$59,900
2024-05-29Listed for sale$69,900
2013-09-24Sold$25,500
2013-07-31Listed for sale$35,000

For Sale by Agent

AgentShivani Patel
BrokerageKeller Williams Realty

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