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  • $499,000

    42204 State Highway 28, Margaretville, NY 12455

    8beds
    1,664sqft
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    Mixed Use, Triplex, Multi Family
    Built in 1889
    -- sqft lot
    $-- Zestimate®
    $300/sqft
    $-- HOA

    What's special

    Four generously sized bedroomsWelcoming entryRaised-hearth brick wood-burning fireplaceCharming breakfast nookBeautiful coffered ceiling
    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.
    11 hours
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    96
    |
    8
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    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Upstate NY Properties 845-586-6220,

    Pamela Jean Orr 845-853-3255,

    Judy M. Black 917-364-6209,

    Keller Williams Upstate NY Properties

    Source: NYSAMLSs,MLS#: R1700551MLS LogoOriginating MLS: Otsego-Delaware

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Oil, Zoned, Baseboard, Hot Water, Wood
      Cooling
      • Zoned, Attic Fan, Window Unit(s)
      Appliances
      • Included: Electric Water Heater, Oil Water Heater
      Features
      • Ceiling Fan(s), Cathedral Ceiling(s), Sliding Glass Door(s), Natural Woodwork
      • Flooring: Ceramic Tile, Hardwood, Varies, Vinyl
      • Doors: Sliding Doors
      • Windows: Thermal Windows
      • Basement: Full
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 1,664
      • Total interior livable area: 1,664 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Parking Available, Two or More Spaces
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio
      • Exterior features: Patio, Private Yard, See Remarks
      Lot
      • Size: 1.02 Acres
      • Dimensions: 160 x 301
      • Features: Irregular Lot, Near Public Transit, Residential Lot
      Details
      • Parcel number: 306.7810
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Triplex
      • Property subtype: Mixed Use, Triplex, Multi Family
      Materials
      • Frame, Vinyl Siding, Copper Plumbing, PEX Plumbing
      • Foundation: Poured
      • Roof: Asphalt
      Condition
      • Resale
      • Year built: 1889

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Connected
      • Water: Connected, Public, Well
      • Utilities for property: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Security System Leased
      Location
      • Region: Margaretville

      Financial & listing details

      • Price per square foot: $300/sqft
      • Tax assessed value: $273,600
      • Annual tax amount: $5,327
      • Date on market: 8/21/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: All Utilities

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 12455

        Getting around

        37 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Margaretville Central
        • District: Margaretville

        Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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