Pending

$281,300

5 Pearl St, Newfield, NY 14867

5beds

4,409sqft

Duplex, Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$64/sqft

$-- HOA

What's special

Side-by-side duplex

Investment opportunity in the heart of Newfield! This side-by-side duplex is being sold as a package with neighboring 3 Pearl Street, creating an excellent opportunity for investors seeking immediate cash flow and long-term upside. Each unit has its own furnace, allowing for separate heating systems and simplified property management. Located within easy 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. Well Maintained property close to the 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 3 Pearl Street required. A rare opportunity to acquire two income-producing properties in one convenient location. #3 Pearl st is MLS # 1689623

94 days
37
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Gas, Forced Air

Appliances

Included: See Remarks, Water Heater

Features

Flooring: Hardwood, Tile, Varies, Vinyl
Basement: Full
Has fireplace: No

Interior area

Total structure area: 4,409
Total interior livable area: 4,409 sqft

Property

Parking

Parking features: Gravel, Two or More Spaces

Features

Patio & porch: Open, Porch

Lot

Size: 0.65 Acres
Dimensions: 134 x 202
Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Details

Parcel number: 50340001400000020250000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex, Multi Family

Materials

Frame, Wood Siding
Roof: Asphalt

Condition

Resale
Year built: 1900

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Location

Region: Newfield

Financial & listing details

Price per square foot: $64/sqft
Tax assessed value: $240,000
Annual tax amount: $5,779
Date on market: 6/21/2026
Cumulative days on market: 81 days
Listing terms: Cash,Conventional,FHA
Tenant pays: All Utilities

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/8/2026	Pending sale	$281,300$64/sqft
Source: NYSAMLSs #R1689622 Report a problem
6/25/2026	Contingent	$281,300$64/sqft
Source: NYSAMLSs #R1689622 Report a problem
6/21/2026	Listed for sale	$281,300$64/sqft
Source: NYSAMLSs #R1689622 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$240,000
2024	--	$240,000 +14.3%
2023	--	$210,000
2022	--	$210,000 +2.4%
2021	--	$205,000
2020	--	$205,000
2019	--	$205,000 +13.9%
2018	--	$180,000
2017	$5,431	$180,000
2016	--	$180,000
2015	--	$180,000 +5.9%
2014	--	$170,000
2013	--	$170,000
2010	--	$170,000
2009	--	$170,000
2008	--	$170,000 +17.2%
2007	--	$145,000
2006	--	$145,000
2005	--	$145,000 +11.5%
2004	--	$130,000 +18.2%
2002	--	$110,000
2000	--	$110,000