Income-producing mixed-use property with significant value-add potential in Georgetown, NY. Formerly known as the Georgetown Inn, this mixed-use building offers multiple income streams and flexible zoning for both residential and commercial use.
The property currently features three apartment units, including a fully remodeled 3-bedroom, 1-bath first-floor apartment that is move-in ready and ideal for immediate rental income. Upstairs, a 2-bedroom, 1-bath apartment is currently occupied and will be delivered vacant at closing, providing flexibility for owner occupancy or market-rate leasing. A second 2-bedroom, 2-bath apartment is well underway, with remaining materials included in the sale, offering an opportunity to increase rental income with minimal additional investment.
The former bar and commercial space presents another value-add opportunity. Restore it as a business, create office space, or explore conversion to an additional residential unit (subject to approvals). The space already includes multiple rooms, a bathroom, and basement access.
With mixed-use zoning, multiple residential units, expansion potential, and the ability to create additional cash flow, this property offers investors, entrepreneurs, and owner-occupants a rare opportunity to build equity while generating income. Bring your vision and unlock the full potential of this landmark property.
Parking features: Gravel, Two or More Spaces, Unpaved
Garage spaces: 2
Features
Levels: Two
Stories: 2
Patio & porch: Open, Porch
Lot
Size: 0.31 Acres
Dimensions: 89 x 138
Features: Rectangular, Rectangular Lot, Residential Lot
Details
Parcel number: 25300019401900010370000000
Zoning description: Other - See Remarks
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Fourplex
Property subtype: Mixed Use, Quadruplex, Multi Family
Materials
Wood Siding
Foundation: Stone
Condition
Resale,Fixer
Year built: 1847
Utilities & green energy
Electric: Circuit Breakers
Sewer: Septic Tank
Water: Connected, Public
Utilities for property: Electricity Connected, High Speed Internet Available, Water Connected
Community & HOA
Location
Region: Georgetown
Financial & listing details
Price per square foot: $29/sqft
Tax assessed value: $50,000
Annual tax amount: $3,163
Date on market: 4/16/2026
Cumulative days on market: 80 days
Listing terms: Cash,Conventional
Ashley Krueger
Ashley Krueger
(315) 824-8989
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