REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

CB Faith Utica Office

utica@centralnewyork.com +1(315) 735-2222

$ 499,000

Est. payment -/mo

Save

New

42204 State Hwy 28 Margaretville, NY 12455

8 Beds

4 Baths

1,664 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,664 sqft

Price per Sqft $299

MLS Listing ID R1700551

Style Triplex

Bedrooms 8

Full Baths 4

Construction Status Existing

HOA Y/N No

Year Built 1889

Annual Tax Amount $5,327

Lot Size 1.020 Acres

Acres 1.02

Lot Dimensions 160X301

Property Sub-Type Mixed Use

Property Description

CHARMING 1889 FARMHOUSE w/INCOME-PRODUCING 2-UNIT RENTAL BUILDING — WALK TO MARGARETVILLE Imagine having your own Catskills getaway where you can escape the city and walk into the village for dinner, shopping or coffee—and a separate two-unit rental building helps offset the cost of ownership. This unique property offers exactly that opportunity. Set on just over an acre, this lovingly maintained 1889 home has been cherished by four generations of the current owners. Now ready for its next chapter, the property combines historic character, recreational lifestyle and income potential. The 1,554-square-foot farmhouse offers two comfortable levels of living space. The main floor features a welcoming entry, bathroom/laundry room, spacious eat-in kitchen w/extensive wood cabinetry and counter space, and charming breakfast nook. The kitchen flows into a large, sun-filled formal dining room with pine paneling and then into a cozy wood-paneled living room w/beautiful coffered ceiling and raised-hearth brick wood-burning fireplace. An enclosed porch stretches across the front of the house. Upstairs are four generously sized bedrooms, including a primary bedroom with an adjoining smaller room ideal as a study, sitting room or additional sleeping space, plus a full bath. A full attic and standing-height dry basement provide excellent storage. The approximately 1,500-square-foot separate 2-story rental building contains two identical 2-bedroom apartments, both occupied by long-term tenants. Together they generate $1,400 per month, with tenants paying their own heat and electric. All units have separate utilities. The current owners have used the farmhouse as a short-term rental while enjoying it themselves between bookings—a model that could be continued, or the farmhouse could simply become your own private retreat. This is an opportunity to own a character-filled country home with established rental income helping subsidize your Catskills escape while you can easily walk to Margaretville's shops, restaurants and supermarket, and Belleayre Ski Center, the Pepacton Reservoir, hiking trails and countless four-season recreational opportunities are just minutes away.

Location

State NY

County Delaware

Area Margaretville-Village-124603

Direction From Bridge St, Margaretville, take a left on State Hwy 28 to 42204 (Property is on your right)

Rooms

Basement Full

Interior

Interior Features Ceiling Fan(s), Cathedral Ceiling(s), Sliding Glass Door(s), Natural Woodwork

Heating Oil, Zoned, Baseboard, Hot Water, Wood

Cooling Zoned, Attic Fan, Window Unit(s)

Flooring Ceramic Tile, Hardwood, Varies, Vinyl

Fireplaces Number 1

Fireplace Yes

Window Features Thermal Windows

Appliance Electric Water Heater, Oil Water Heater

Exterior

Exterior Feature Patio, Private Yard, See Remarks

Garage Spaces 2.0

Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Asphalt

Porch Patio

Garage Yes

Building

Lot Description Irregular Lot, Near Public Transit, Residential Lot

Story 2

Foundation Poured

Sewer Connected

Water Connected, Public, Well

Architectural Style Triplex

Level or Stories Two

Structure Type Frame,Vinyl Siding,Copper Plumbing,PEX Plumbing

Construction Status Existing

Schools

High Schools Margaretville Central

School District Margaretville

Others

Senior Community No

Tax ID 306.7-8-10

Security Features Security System Leased

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Keller Williams Upstate NY Properties 845-853-3255

NEARBY SCHOOLS & PROPERTIES

CB Faith Utica Office

Broker | License ID: 10301217569

+1(315) 735-2222

GET MORE INFORMATION

QUICK SEARCH

CB Faith Utica Office

42204 State Hwy 28 Margaretville, NY 12455

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

42204 State Hwy 28