511 Logan St · Elmira, NY 14901

$126,500

3 bd · 1.5 ba · 1,563 sqft · SingleFamily public records · 101 Days on market

Built 1930 9,959 sqft lot $81/sqft · 19% below area Est $156k · 19% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +12.1/30.0
• Appreciation +10.0/10.0
• 1% rule +5.5/10.0
• DSCR +3.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Welcome to 511 Logan Street, a fully renovated 3 bedroom one and a half bath home located in the city of Elmira. This charming home has undergone some major renovations such as a brand new roof which offers peace of mind for any buyer on the market. Enjoy the recent cosmetic upgrades all thru ought the house, like the brand bathroom with a tiled shower surround and tiled flooring, brand new kitchen countertops, and brand new vinyl flooring on the lower level as well as brand new carpet on the second floor. This is a home that maximizes your value for the price, and will not last long!

Key facts

• Fully renovated
• New carpet
• New roof

Tags

• FULLY RENOVATED
• NEW ROOF
• TILED SHOWER SURROUND
• NEW KITCHEN COUNTERTOPS
• NEW VINYL FLOORING
• NEW CARPET

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $126k.

Deal economics

• At list price, monthly cash flow is $-28 ($-338/yr) — negative.
• To cash-flow at today's rent, offer at most $122k (3.9% below list).
• Meets the 1% rule at list price ($1k rent vs $126k).
• Recommended offer: $115k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 10.1% in Elmira — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 62/100 on livability (#832 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Elmira City School District (urban): math 23% / reading 35% proficiency, ranked #580 of 590 in NY (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 81 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 91 units permitted in Chemung County in 2024 (63 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($875 loan paydown + $13k appreciation (10.0% local appreciation)).
• Chemung County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($115k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 18y ago; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $42k; list at $126k implies a 201% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $115,115 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 6.03%
• Cash-on-cash: -0.95%
• DSCR: 0.96
• GRM: 8.0

CMA / ARV

• ARV (median comp): $155,798
• List price: $126,500
• Delta: -18.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
511 Davis St	0.34mi	3/1.0	1,592 (+2%)	1mo	$63,000	$40	78
660 Walnut St	0.11mi	4/1.5 (+1)	1,400 (-10%)	1mo	$150,000	$107	72
460 W 3rd St	0.29mi	3/1.5	1,716 (+10%)	0mo	$40,000	$23	70
921 Grove St	0.29mi	3/1.0	1,414 (-10%)	5mo	$134,000	$95	64
625 Roe Ave	0.46mi	3/1.5	1,687 (+8%)	4mo	$230,000	$136	63
720 W Church St	0.60mi	2/1.5 (-1)	1,514 (-3%)	5mo	$33,000	$22	58
862 Magee St	0.63mi	3/1.0	1,440 (-8%)	1mo	$64,900	$45	55
319 Webber Pl	0.47mi	3/1.5	1,716 (+10%)	8mo	$145,000	$84	55
336 W Washington Ave	0.35mi	3/2.0	1,344 (-14%)	5mo	$119,900	$89	54
950 N Main St	0.63mi	4/1.5 (+1)	1,644 (+5%)	7mo	$37,000	$23	51
354 Euclid Ave	0.44mi	4/2.0 (+1)	1,716 (+10%)	8mo	$100,000	$58	49
455 Roe Ave	0.44mi	4/2.0 (+1)	1,764 (+13%)	6mo	$105,000	$60	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.6%
• Equity multiple: 2.90×
• Total profit: $67,247
• Equity at exit: $113,961

10-year hold

• IRR: 21.0%
• Equity multiple: 6.64×
• Total profit: $199,723
• Equity at exit: $245,762

Cash invested: $35,420 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14901

• Home prices YoY: 15.9%
• Active inventory: 81
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,324 high
• Mortgage (P&I): −$663
• Tax from tax record: −$358 /mo · $4,295/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $-28

Break-even live

Break-even rent $1,359

Max offer price $121,531

Occupancy floor 97%

Sensitivity live

Price	-10% $43	-5% $8	+0% $-28	+5% $-64	+10% $-100
Rent	-10% $-133	-5% $-80	+0% $-28	+5% $24	+10% $76
Rate	-1.0pp $36	-0.5pp $4	base $-28	+0.5pp $-61	+1.0pp $-94

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,625
• Closing costs: $3,795
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
454 W 2nd St Unit 1 Elmira, NY	2.0	1.0	1400	$1,000	$0.71	45d	1	0.40mi
357 W Clinton St Unit 1 Elmira, NY	2.0	1.5	1650	$1,500	$0.91	45d	1	0.41mi
355 W Clinton St Unit 1 Elmira, NY	3.0	1.5	1650	$1,400	$0.85	45d	1	0.41mi
514 W 1st St Unit A Elmira, NY	4.0	1.0	1416	$1,275	$0.90	45d	1	0.45mi
106 W 2nd St Unit A Elmira, NY	3.0	1.0	1395	$1,400	$1.00	45d	1	0.73mi
363 W Water St #2 Elmira, NY	3.0	1.0	1084	$1,250	$1.15	45d	1	0.74mi
715 W Water St Unit A Elmira, NY	2.0	1.0	2246	$1,100	$0.49	45d	1	0.76mi
160 Boardman St Unit B Elmira, NY	2.0	1.0	1727	$800	$0.46	45d	1	1.34mi
419 Jefferson St Unit A Elmira, NY	2.0	2.0	1100	$1,995	$1.81	45d	1	1.34mi
1210 W Water St Elmira, NY	2.0	2.0	1340	$1,995	$1.49	45d	1	1.37mi

Listing history 32 events

1. 2026-06-21
   days on market $126,500 Active 101 DOM
2. 2026-06-19
   days on market $126,500 Active 99 DOM
3. 2026-06-18
   days on market $126,500 Active 98 DOM
4. 2026-06-17
   days on market $126,500 Active 97 DOM
5. 2026-06-16
   days on market $126,500 Active 96 DOM
6. 2026-06-15
   days on market $126,500 Active 95 DOM
7. 2026-06-14
   days on market $126,500 Active 93 DOM
8. 2026-06-12
   days on market $126,500 Active 92 DOM
9. 2026-06-09
   days on market $126,500 Active 89 DOM
10. 2026-06-08
    days on market $126,500 Active 88 DOM
11. 2026-06-07
    days on market $126,500 Active 87 DOM
12. 2026-06-05
    days on market $126,500 Active 84 DOM
13. 2026-06-03
    days on market $126,500 Active 83 DOM
14. 2026-06-02
    days on market $126,500 Active 82 DOM
15. 2026-06-01
    days on market $126,500 Active 81 DOM
16. 2026-05-31
    days on market $126,500 Active 80 DOM
17. 2026-05-30
    days on market $126,500 Active 79 DOM
18. 2026-04-23
    price $126,500 591-char remark

    Show marketing remark (591 chars)

    Welcome to 511 Logan Street, a fully renovated 3 bedroom one and a half bath home located in the city of Elmira. This charming home has undergone some major renovations such as a brand new roof which offers peace of mind for any buyer on the market. Enjoy the recent cosmetic upgrades all thru ought the house, like the brand bathroom with a tiled shower surround and tiled flooring, brand new kitchen countertops, and brand new vinyl flooring on the lower level as well as brand new carpet on the second floor. This is a home that maximizes your value for the price, and will not last long!

19. 2026-03-28
    price $129,500 591-char remark

    Show marketing remark (591 chars)

    Welcome to 511 Logan Street, a fully renovated 3 bedroom one and a half bath home located in the city of Elmira. This charming home has undergone some major renovations such as a brand new roof which offers peace of mind for any buyer on the market. Enjoy the recent cosmetic upgrades all thru ought the house, like the brand bathroom with a tiled shower surround and tiled flooring, brand new kitchen countertops, and brand new vinyl flooring on the lower level as well as brand new carpet on the second floor. This is a home that maximizes your value for the price, and will not last long!

20. 2026-03-12
    listed $134,500 Active 591-char remark

    Show marketing remark (591 chars)

    Welcome to 511 Logan Street, a fully renovated 3 bedroom one and a half bath home located in the city of Elmira. This charming home has undergone some major renovations such as a brand new roof which offers peace of mind for any buyer on the market. Enjoy the recent cosmetic upgrades all thru ought the house, like the brand bathroom with a tiled shower surround and tiled flooring, brand new kitchen countertops, and brand new vinyl flooring on the lower level as well as brand new carpet on the second floor. This is a home that maximizes your value for the price, and will not last long!

21. 2026-01-06
    soldstatus $42,000 Closed 1253-char remark

    Show marketing remark (1253 chars)

    Here’s a fantastic fixer-upper opportunity located at 511 Logan St. , Elmira, NY, priced to sell well below its estimated value of $90,000! This 1,800 sq. ft. , 3-bedroom, 1.5-bathroom home, built in 1920, is located conveniently between Walnut and Grove Streets. It’s got solid bones but needs some work — perfect for someone with contractor skills. The main floor features a classic L-shaped living/dining room, flowing into an open country kitchen with a breakfast bar and countertop island. Much of the kitchen is salvageable. A handy half-bathroom sits off the kitchen, and a spacious covered back porch leads to a deep 0.2-acre backyard with a small garage/shed for storage. The enclosed front porch has a roof leak, but it’s fixable. Upstairs, you’ll find original hardwood floors, three bedrooms (one with extra space), and a full bathroom that needs a partial reno. The full basement offers room for storage or a workshop. Utilities are off, and the home is sold strictly “as is” to settle an estate. Cash or rehab loan only. With off-street parking for two cars, this bargain is ready for your skills to transform it into a gem. Don’t wait—schedule a showing. .. and bring your flashlight.

22. 2025-12-03
    status Pending 1253-char remark

    Show marketing remark (1253 chars)

    Here’s a fantastic fixer-upper opportunity located at 511 Logan St. , Elmira, NY, priced to sell well below its estimated value of $90,000! This 1,800 sq. ft. , 3-bedroom, 1.5-bathroom home, built in 1920, is located conveniently between Walnut and Grove Streets. It’s got solid bones but needs some work — perfect for someone with contractor skills. The main floor features a classic L-shaped living/dining room, flowing into an open country kitchen with a breakfast bar and countertop island. Much of the kitchen is salvageable. A handy half-bathroom sits off the kitchen, and a spacious covered back porch leads to a deep 0.2-acre backyard with a small garage/shed for storage. The enclosed front porch has a roof leak, but it’s fixable. Upstairs, you’ll find original hardwood floors, three bedrooms (one with extra space), and a full bathroom that needs a partial reno. The full basement offers room for storage or a workshop. Utilities are off, and the home is sold strictly “as is” to settle an estate. Cash or rehab loan only. With off-street parking for two cars, this bargain is ready for your skills to transform it into a gem. Don’t wait—schedule a showing. .. and bring your flashlight.

23. 2025-11-25
    status Active 1253-char remark

    Show marketing remark (1253 chars)

    Here’s a fantastic fixer-upper opportunity located at 511 Logan St. , Elmira, NY, priced to sell well below its estimated value of $90,000! This 1,800 sq. ft. , 3-bedroom, 1.5-bathroom home, built in 1920, is located conveniently between Walnut and Grove Streets. It’s got solid bones but needs some work — perfect for someone with contractor skills. The main floor features a classic L-shaped living/dining room, flowing into an open country kitchen with a breakfast bar and countertop island. Much of the kitchen is salvageable. A handy half-bathroom sits off the kitchen, and a spacious covered back porch leads to a deep 0.2-acre backyard with a small garage/shed for storage. The enclosed front porch has a roof leak, but it’s fixable. Upstairs, you’ll find original hardwood floors, three bedrooms (one with extra space), and a full bathroom that needs a partial reno. The full basement offers room for storage or a workshop. Utilities are off, and the home is sold strictly “as is” to settle an estate. Cash or rehab loan only. With off-street parking for two cars, this bargain is ready for your skills to transform it into a gem. Don’t wait—schedule a showing. .. and bring your flashlight.

24. 2025-08-24
    status Pending 1253-char remark

    Show marketing remark (1253 chars)

    Here’s a fantastic fixer-upper opportunity located at 511 Logan St. , Elmira, NY, priced to sell well below its estimated value of $90,000! This 1,800 sq. ft. , 3-bedroom, 1.5-bathroom home, built in 1920, is located conveniently between Walnut and Grove Streets. It’s got solid bones but needs some work — perfect for someone with contractor skills. The main floor features a classic L-shaped living/dining room, flowing into an open country kitchen with a breakfast bar and countertop island. Much of the kitchen is salvageable. A handy half-bathroom sits off the kitchen, and a spacious covered back porch leads to a deep 0.2-acre backyard with a small garage/shed for storage. The enclosed front porch has a roof leak, but it’s fixable. Upstairs, you’ll find original hardwood floors, three bedrooms (one with extra space), and a full bathroom that needs a partial reno. The full basement offers room for storage or a workshop. Utilities are off, and the home is sold strictly “as is” to settle an estate. Cash or rehab loan only. With off-street parking for two cars, this bargain is ready for your skills to transform it into a gem. Don’t wait—schedule a showing. .. and bring your flashlight.

25. 2025-08-19
    listed $41,900 Active 1253-char remark

    Show marketing remark (1253 chars)

    Here’s a fantastic fixer-upper opportunity located at 511 Logan St. , Elmira, NY, priced to sell well below its estimated value of $90,000! This 1,800 sq. ft. , 3-bedroom, 1.5-bathroom home, built in 1920, is located conveniently between Walnut and Grove Streets. It’s got solid bones but needs some work — perfect for someone with contractor skills. The main floor features a classic L-shaped living/dining room, flowing into an open country kitchen with a breakfast bar and countertop island. Much of the kitchen is salvageable. A handy half-bathroom sits off the kitchen, and a spacious covered back porch leads to a deep 0.2-acre backyard with a small garage/shed for storage. The enclosed front porch has a roof leak, but it’s fixable. Upstairs, you’ll find original hardwood floors, three bedrooms (one with extra space), and a full bathroom that needs a partial reno. The full basement offers room for storage or a workshop. Utilities are off, and the home is sold strictly “as is” to settle an estate. Cash or rehab loan only. With off-street parking for two cars, this bargain is ready for your skills to transform it into a gem. Don’t wait—schedule a showing. .. and bring your flashlight.

26. 2020-01-22
    historical
27. 2019-07-22
    listed $58,000
28. 2019-07-22
    historical
29. 2018-12-03
    listed $60,000
30. 2008-11-10
    soldstatus $49,500
31. 2008-11-07
    soldstatus $49,500
32. 2008-06-10
    listed $53,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $4,295 · $358/mo
• Projected year-2 tax: $4,295 · $358/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 70% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 8 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,887
• − Mortgage interest: −$7,086
• − Property taxes: −$4,295
• − Insurance: −$632
• − Repairs & maintenance: −$1,271
• − Management: −$1,271
• − Depreciation: −$3,680
• Taxable loss: −$2,349
• Est. tax savings @ 24.0%: +$564
• After-tax cash flow: $226/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Elmira City School District
• NCES district ID: 3610560
• Math proficiency: 23% ▼ -7.00%
• Reading proficiency: 35% ▲ 7.00%
• Median HH income: $40,180
• Composite: 24.39/100
• National rank: #7688
• State rank: #580 of 590 in NY

Livability — Elmira

• Score: 62/100
• State rank: #832
• US rank: #16139

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elmira, NY
• City population: 14,276
• Population (ZIP): 14,430

Population outlook (Chemung County) Hauer SSP2

• Today (2025): 82,931 people
• By 2030: 80,356 · -3.1%
• By 2040: 74,745 · -9.9%
• By 2050: 69,012 · -16.8%
• By 2075: 55,689 · -32.8%
• By 2100: 41,428 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 15% Two or more races 7% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Romanian 4% Slovak 3% Iranian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 93% English-only · Spanish 3% Russian/Polish/Slavic 1% Chinese 1%

Political lean MEDSL · Chemung

• 2024 margin: R (+16.8) · D 41.6% · R 58.4%
• 2008→2024 swing: -15.6pp toward R · 2008: -1.2pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+13.4 2016: R+20.0 2012: R+2.9 2008: R+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 32.34%
• Current HPI: 236.2674
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+134.7% since first listed

15 events — show timeline

• 2026-04-23 Price Changed $126,500 UNYREIS
• 2026-03-28 Price Changed $129,500 UNYREIS
• 2026-03-12 Listed $134,500 UNYREIS
• 2026-01-06 Sold (MLS) $42,000 UNYREIS
• 2025-12-03 Pending — UNYREIS
• 2025-11-25 Relisted — UNYREIS
• 2025-08-24 Pending — UNYREIS
• 2025-08-19 Listed $41,900 UNYREIS
• 2020-01-22 Listing Removed — UNYREIS
• 2019-07-22 Listing Removed — UNYREIS
• 2019-07-22 Listed $58,000 UNYREIS
• 2018-12-03 Listed $60,000 UNYREIS
• 2008-11-10 Sold (Public Records) $49,500 Public Records
• 2008-11-07 Sold (MLS) $49,500 UNYREIS
• 2008-06-10 Listed $53,900 UNYREIS

Property tax history

+14.7%/yr

Latest (2025): $4,295 · +1.6% YoY. Source: county tax records.