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!
For sale
Price cut: $30K (7/6)
$539,000
5017 S Fallsburg Main Street #5019, South Fallsburg, NY 12779
9beds
2,931sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$184/sqft
$-- HOA
What's special
Beautiful grounds
- 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#: 1003041
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
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $539,000-5.3%$184/sqft |
Source: | ||
| 5/27/2026 | Listed for sale | $569,000$194/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 12779
Nearby schools
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.






