Profitable multifamily investment opportunity in Waverly, NY. This 2-unit has been family owned for over 30 years and consists of a 2 BR apartment on the left side of the home, and a 3 BR apartment on the right side. When fully occupied, the home brings in $2200 GMI or 26k annually, offering a 5-year ROI. Minor TLC needed in each unit. Structurally solid home. Off street parking for both units. Separate utilities. The backyard/porch overlooks Cayuta Creek. Both units are currently vacant and ready for a new lease! Located across the street from Sopranos Market. 1 minute from I-86. An excellent addition to your portfolio!
Closed
$85,000
612 Cayuta Ave, Waverly, NY 14892
5beds
2,500sqft
Multi Family
Built in 1890
-- sqft lot
$85,000 Zestimate®
$34/sqft
$1,308 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 29, 2025 at 11:41am
Listed by:
Joseph Schwartz 607-361-2667,
Signature Properties Corning
Bought with:
Tracie Shambo/Reciprocal, 10301220350
Reciprocal-I
Source: NYSAMLSs,MLS#: EC276607
Originating MLS: Elmira Corning Regional Association Of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air, Wall Furnace
Cooling
- Window Unit(s)
Appliances
- Included: Free-Standing Range, Gas Water Heater, Oven, Refrigerator
- Laundry: Main Level
Features
- Ceiling Fan(s)
- Flooring: Carpet, Varies, Vinyl
- Basement: Dirt Floor,Full
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
Property
Parking
- Parking features: Off Street, Parking Available
Features
- Patio & porch: Deck, Enclosed, Porch
- Exterior features: Deck
- Waterfront features: River Access, Stream
- Body of water: None
Lot
- Size: 8,712 sqft
- Dimensions: 123 x 152
Details
- Parcel number: 166.12332
- Zoning: Res2
- Special conditions: Estate
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Resale
- Year built: 1890
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Waverly
- Subdivision: None