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    • $499,000

    42204 State Hwy 28, Margaretville, NY 12455

    4beds
    2baths
    1,664sqft
    Duplex
    Built in 1889
    -- sqft lot
    $-- Zestimate®
    $300/sqft
    $-- HOA

    What's special

    Four generously sized bedroomsWelcoming entryCozy breakfast nook
    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 over an acre, this lovingly maintained 1889 home has been cherished by 4 generations of the current owners. Now ready for its next chapter, the property combines charm, 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, a bathroom/laundry room, spacious eat-in kitchen w/extensive wood cabinetry and counter space, and a cozy breakfast nook. The kitchen flows into a large, sun-filled formal dining room with pine paneling and then into a warm 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. There is also a garage w/upstairs storage. The separate 1,500-square-foot 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 become your own private retreat. This is an opportunity to own a character-filled country home with established rental income helping to 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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Upstate NY Pro 845-586-6220,

    Pamela Jean Orr 845-853-3255,

    Judy Black 917-364-6209,

    Keller Williams Upstate NY Pro

    Source: HVCRMLS,MLS#: 20264865MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Heating
      • Baseboard, Fireplace(s), Hot Water, Oil, Separate Meters, Varies by Unit, Wood
      Cooling
      • Ceiling Fan(s), Wall/Window Unit(s)
      Appliances
      • Included: Water Heater, Washer, Refrigerator, Range Hood, Free-Standing Electric Oven, Electric Water Heater, Dryer, Built-In Electric Range
      • Laundry: Laundry Room, Main Level, Sink
      Features
      • Beamed Ceilings, Ceiling Fan(s), Coffered Ceiling(s), Eat-in Kitchen, High Ceilings, High Speed Internet, His and Hers Closets, Laminate Counters, Natural Woodwork, Pantry, Storage
      • Flooring: Ceramic Tile, Hardwood, Linoleum, Vinyl, Wood
      • Doors: Sliding Doors
      • Windows: Bay Window(s), Insulated Windows, Screens, Window Coverings, Window Treatments
      • Basement: Concrete,Walk-Up Access
      • Number of fireplaces: 1
      • Fireplace features: Living Room, Masonry, Raised Hearth
      Interior area
      • Total structure area: 1,664
      • Total interior livable area: 1,664 sqft
      • Finished area above ground: 1,664
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Open, Off Street, Lighted, Common
      • Garage spaces: 1
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Entry location: Front of home, or through sunroom addition
      • Patio & porch: Deck, Front Porch, Glass Enclosed, Patio
      • Exterior features: Lighting, Paved Walkway, Private Entrance, Private Yard, Rain Gutters
      • Pool features: None
      • Fencing: None
      • Has view: Yes
      • View description: Downtown, Mountain(s), Trees/Woods
      Lot
      • Size: 1.02 Acres
      • Features: Back Yard, Garden, Gentle Sloping, Landscaped, Private, Views
      Details
      • Additional structures: Garage(s), Outbuilding, Residence, Second Residence, See Remarks
      • Parcel number: 124603 306.7810
      • Zoning: GV
      • Zoning description: Grandview, mixed use-historic district
      • Special conditions: Standard
      • Other equipment: Fuel Tank(s)

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Farmhouse,Other
      • Property subtype: Duplex
      Materials
      • Frame, Vinyl Siding
      • Foundation: Concrete Perimeter, Slab
      • Roof: Asphalt,Shingle
      Condition
      • New construction: No
      • Year built: 1889

      Utilities & green energy

      • Electric: 200+ Amp Service, Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public, Well
      • Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Street Lights
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      HOA
      • Has HOA: No
      Location
      • Region: Margaretville

      Financial & listing details

      • Price per square foot: $300/sqft
      • Tax assessed value: $273,600
      • Annual tax amount: $5,326
      • Date on market: 8/23/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: All Utilities
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,215/mo

        Price history

        DateEventPrice
        8/21/2026Listed for sale$499,000$300/sqft
        Source: NYSAMLSs #R1700551 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $273,600
        2024-- $273,600
        2023-- $273,600
        2022-- $273,600
        2021-- $273,600
        2020-- $273,600
        2019-- $273,600
        2018-- $273,600
        2017$4,768 $273,600
        2016-- $273,600
        2015-- $273,600
        2014-- $273,600
        2013-- $273,600
        2011-- $273,600 +150.3%
        2010-- $109,300
        2009-- $109,300
        2008-- $109,300
        2007-- $109,300
        2006-- $109,300
        2005-- $109,300
        2004-- $109,300
        2003-- $109,300
        2001-- $109,300
        2000-- $109,300
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 12455

        Getting around

        37 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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