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For sale
  • Price cut: $30K (7/6)
    $539,000

    5017 S Fallsburg Main Street #5019, South Fallsburg, NY 12779

    9beds
    2,931sqft
    Loading
    Duplex, Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $184/sqft
    $-- HOA

    What's special

    Beautiful grounds
    WOW! Prime, prime location in the heart of South Fallsburg! Situated directly on highly visible Route 42, right next to Heiden Rd and Lavista Rd, this property offers some of the best road frontage and exposure you will find in the area. Surrounded by bungalow colonies, shopping, and constant local traffic, the location alone makes this a rare and exciting opportunity for investors, business owners, or end users looking to secure a truly strategic piece of Catskills real estate. This fully legal 4-family / mixed-use property features 2 separate structures on one property, with a total of 4 apartments — currently almost fully occupied with solid year-round tenants, creating strong and stable income from day one. The property sits on beautiful grounds with plenty of flexibility and future upside. Whether you are looking for a smart investment, a property for extended family and friends to enjoy together, a central Catskills escape, or a prime location for a business opportunity, this property offers endless possibilities. There is still additional potential for the right buyer to upgrade the property, increase rents, and further maximize value over time, making this not just a stable investment, but an exciting value-add opportunity as well. The unmatched visibility and frontage on Route 42 make this an incredibly tasteful and smart investment choice. Opportunities like this — combining prime location, multiple income-producing units, mixed-use potential, strong occupancy, and future upside — are extremely hard to find, especially in one of the most desirable and rapidly growing areas of South Fallsburg. Inventory remains very limited while demand continues to grow. Priced well and expected to move fast. Whether you are an investor or an end user, opportunities like this rarely become available — Act quickly, bring your vision, and make this unique property yours!
    99 days
    204
    9

    Zillow last checked:

    Listing updated:

    Listed by:

    eRealty Advisors, Inc 914-712-6330,

    Shaye I. Teitelbaum 347-709-7507

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1003041MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Baseboard, Electric
      Cooling
      • Wall/Window Unit(s)
      Features
      • First Floor Bedroom, Built-in Features, Original Details
      • Basement: Common
      • Has fireplace: No
      Interior area
      • Total structure area: 2,931
      • Total interior livable area: 2,931 sqft

      Property

      Parking
      • Parking features: Driveway, Parking Lot
      • Has uncovered spaces: Yes
      Lot
      • Size: 0.69 Acres
      Details
      • Parcel number: 288905400001007000
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Aluminum Siding, Frame, Vinyl Siding
      Condition
      • Year built: 1900

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected, Phone Connected

      Community & HOA

      Location
      • Region: South Fallsburg

      Financial & listing details

      • Price per square foot: $184/sqft
      • Tax assessed value: $75,000
      • Annual tax amount: $6,060
      • Date on market: 5/26/2026
      • Cumulative days on market: 100 days
      • Listing agreement: Exclusive Right To Sell
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,588/mo

        Price history

        DateEventPrice
        7/6/2026Price change$539,000-5.3%$184/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1003041 Report a problem
        5/27/2026Listed for sale$569,000$194/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1003041 Report a problem

        Public tax history

        Tax history is unavailable.

        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: 12779

        Getting around

        8 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Benjamin Cosor Elementary School
        • Middle: Fallsburg Junior-Senior High School
        • High: Fallsburg Junior-Senior High School

        Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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