3 Pearl St, Newfield, NY 14867

Investment opportunity in the heart of Newfield! This side-by-side duplex offers two spacious 2-bedroom, 1-bath units and is being sold as a package with neighboring 5 Pearl Street, creating an excellent opportunity for investors seeking immediate cash flow and long-term upside. Unit 1 is currently rented thru summer 2027 and has historically rented for $1,200/month, featuring a charming fireplace, large living areas, and strong rental appeal. Unit 2 is also occupied and generates $1,000/month in rental income. Each unit has its own furnace, allowing for separate heating systems and simplified property management. Located within walking distance of Newfield schools, the library, park, banking, shopping, and other downtown amenities, this property offers the convenience tenants desire while remaining just a short drive from Ithaca, Cornell University, and Ithaca College. Recent interior improvements include updated flooring, matching interior doors, attractive windows, and spacious open-concept living and dining areas. Easy walking distance to Covered Bridge Market. Please note: Both buildings are situated on the tax parcel associated with 5 Pearl Street. The tax parcel for 3 Pearl Street is vacant land. Package sale with 5 Pearl Street required. A rare opportunity to acquire two income-producing properties in one convenient location. 3 and 5 are both listed. Both are on the #5 tax parcel #. #3 MLS #1689623 #5 MLS # 168922