This well-maintained Elmira duplex offers two spacious 2-bed, 2-bath units, each with formal dining, in-unit laundry, and separate utilities—features that typically command premium rents. Based on recent Elmira multi-family comps and average rents ranging from $1,477 to $2,150 per unit, monthly gross rental revenue potential is estimated at $2,954–$4,300, or $35.5K–$51.6K annually[1][3]. At the current $265K list price, the payback period is approximately 5–7.5 years (excluding expenses), which is attractive for this market. Situated near top employers and colleges, the neighborhood benefits from steady rental demand and moderate rent growth, though school ratings may limit some tenant pools. The property’s classic charm, modern touches, garage, and decks further enhance rentability.

To maximize rental income, consider modest upgrades like refreshed kitchens or bathrooms, adding smart home features, and ensuring curb appeal stays high. If selling, highlight the separate utilities, owner-occupant flexibility, and proximity to major institutions. Set rents at the upper end of the market range if the property is freshly updated. Professional management may help target medical, academic, or relocating tenants for stable occupancy and premium rates.