Deal of the day! $89,900! Huge potential! Look at that tile roof! 8,152 sq ft in New York.
This is a big stucco house in Elmira, New York, listed as a multi-family property with 8,152 square feet on a corner lot of about half an acre. It was run as an assisted living home and is being sold as a redevelopment project. The listing says plainly that it needs extensive renovation.
301 Grove St, Elmira, NY 14905 — $89,900
Curb Appeal
The house has a stucco exterior and a red clay tile roof with dormers and a tall chimney. A wide front porch runs along the front under a pergola-style roof. The yard is overgrown, and there is a detached garage with a matching tile roof.
- Stucco exterior
- Tile roof with dormers
- Covered front porch
- Detached garage
- Corner lot, about 0.49 acres
What the Listing Says About Size
The listing counts 20 bedrooms and 3 bathrooms, but it says those numbers are approximate and the buyer should verify them. It also says the layout could support 20 or more residential units, depending on the final design.
- 8,152 square feet
- Bedroom and bath counts are approximate
- 20+ unit potential, per the listing
- Attic
- Hardwood flooring
A Redevelopment Project
The listing calls this a large value-add project and says the building is not turnkey. It suggests apartments, student housing, senior or supportive housing, or a mix of owner-occupied and rental. Elmira College is only minutes away.
- Apartment conversion
- Student housing
- Senior or supportive housing
- Owner and investor combination
- Sold in present condition
Systems and Lot
Heat is gas, and the basement has a dirt floor. Paved parking has room for two or more cars. Zillow’s listing has no room-by-room breakdown or appliance list.
- Gas heat
- Dirt floor basement
- Paved parking, two or more spaces
- Corner, rectangular lot
Schools
Ernie Davis Academy (grades 7-8) is 0.8 miles away. Thomas K Beecher School (grades 3-6) is 1.5 miles away, and Elmira High School is 1.7 miles.
- Ernie Davis Academy, 7-8, GreatSchools 3
- Thomas K Beecher School, 3-6, GreatSchools 1
- Elmira High School, 10-12, GreatSchools 3
Price History
The asking price is $89,900, about $11 a square foot. It was listed at $174,900 in 2024 and went pending in February 2025 before the listing came off the market that August. Earlier asking prices were $249,900 in 2022 and $200,000 after a cut that October. Property tax is about $6,458 a year, and the assessed value is $98,000.
- Listed Sept. 2026 at $89,900
- Listed at $174,900 in 2024
- Listed at $249,900 in 2022
- Listed again Oct. 2026
At $89,900 this is a very low price for the size, but the building needs a lot of work and the listing tells buyers to check zoning, permitted uses, and unit count themselves. It suits a contractor or developer with a plan and a budget.
Full Listing Description
Exceptional Redevelopment Opportunity | Former Assisted Living Facility | 20+ Unit Potential!
Investors, developers, and visionaries—this is the opportunity you’ve been waiting for!
Formerly operated as an assisted living/adult home, 301 Grove offers an enormous amount of space and virtually unlimited redevelopment potential. The property has the size, layout, and location to accommodate a variety of investment concepts, with the potential for 20+ residential units depending on the final design.
Located just minutes from Elmira College, the property is ideally positioned for an investor looking to capitalize on the demand for housing in a convenient location. 8,152 square feet of building area, with the property historically operating as an adult/assisted-living facility.
This is not a turnkey property. The building requires extensive renovation and will be best suited for an investor, contractor, or developer who can see beyond its current condition and is willing to put in the work. With the right vision and a substantial amount of sweat equity, the possibilities are extensive.
Potential uses may include: Conversion to multiple residential apartments; Student housing; Multifamily redevelopment; Senior or supportive housing; Other residential concepts; Owner-occupied/investor combination projects.
The existing configuration offers a substantial amount of space to work with, and the bedroom and bathroom counts should be considered approximate and subject to buyer verification.
If you’re looking for a large-scale value-add project where you can create significant value through renovation and redevelopment, 301 Grove Street deserves a serious look.
Bring your contractor, architect, and imagination. The opportunity is here—the next chapter is up to you.
Property is being sold in its present condition. Buyer to conduct their own due diligence regarding zoning, permitted uses, building requirements, utilities, unit count, square footage, and all necessary approvals.
All Photos
