603-605 W 1st St, Elmira, NY, 14905
About This Home
Unlock the possibilities with this versatile downtown Elmira duplex, a foreclosure opportunity perfectly suited for investors or those looking to craft their own custom residence. This property offers a unique "blank canvas" appeal, featuring two distinct living spaces with the structural flexibility to easily be converted back into a spacious single-family home. The main level provides a comfortable one-bedroom, one-bathroom layout enhanced by a dedicated office space—ideal for today’s remote work lifestyle. Upstairs, you’ll find a quaint, studio-style one-bedroom apartment that functions as an efficient rental or private guest suite. Practicality meets potential here, as the heavy lifting on mechanicals has already begun with a newer furnace and hot water tank recently installed. The property is currently optimized for effortless management with two separate meters, allowing for easy utility separation between units. Outdoor amenities are a rare find for the area, including a semi-private yard for relaxation and a detached two-car garage that provides coveted off-street parking or additional storage. Whether you choose to renovate and rent or restore it to its original single-family glory, this property is a standout project in a central location. Sold as-is—bring your vision and seize this downtown value play.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex,Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet,Laminate,Varies
Heating
- Heating features: Gas,Forced Air
Interior Area
- Total structure area: 1,672
- Total interior livable area: 1,672 sqft
Property
Details
- Parcel number: 07040008901800020310000000
- Special condition: Real Estate Owned
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Fence,Patio
- Fencing: Partial
Lot
- Lot size: 10,724 sqft
- Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
- Lot size dimensions: 75 x 143
Parking
- Total spaces: 2
- Parking features: Garage,Gravel,Two or More Spaces
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters in Chemung County and New York
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $176 | $2,112 |
| Home Insurance * | $18 | $216 |
| Property Taxes | $58 | $696 |
| Electricity | $276 | $3,315 |
| Total | $528 | $6,336 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
No price history available
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