111 Walnut Street, Margaretville, NY 12455 (MLS # R1605214)

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View Virtual Tour PRICE $349,000 BEDS 5 BATHS 5 HOME SIZE 2,700 sqft LOT SIZE 10,019 sqft Request More Info Schedule a Showing

Fully Occupied 4-Unit Multifamily Property in the Heart of Margaretville A rare Village investment opportunity, well-maintained apartment building offers dependable income and long-term potential. Located in the Town of Middletown, Delaware County—where quality housing options remain limited—this property is ideally positioned to benefit from sustained rental demand. Location Highlights: • Prime in-village location, walking distance to school, shopping, restaurants, and other amenities • On-site parking for all tenants, with additional municipal parking just half a block away • Coin-operated laundry on site provides supplemental income • Garbage removal included, water included Property Features & Improvements: • Longstanding ownership since 2009, with major upgrades completed by both current and prior owners • Updates include: roof replacement, new windows, and upgraded electric systems (all apartments equipped with 100-amp electric meters) • High-speed internet, cable TV, and phone service available to all units Apartment Breakdown: Unit #1 – Studio (First Floor) • Private entry via shared covered front porch • 1 bathroom with shower stall • Electric heat, electric hot water, and electric cooking stove • Tenant pays all utilities Unit #2 – 2 Bedroom (Second Floor) • Entry via central staircase from shared covered front porch • Living room, full bath with tub/shower combination, and kitchen with electric stove • Heat (oil hot water baseboard) included in rent; tenant pays electric • Access to high-speed internet and cable Unit #3 – 1 Bedroom (First Floor) • Kitchen/living room combo with electric stove • 1 bathroom with shower stall • Electric baseboard heat; tenant pays all utilities • Entry from shared covered front porch Unit #4 – 2 Bedroom / 1.5 Bath (Two Story Layout) • Private covered side entry with enclosed porch and patio area • Eat-in kitchen, living room, half bath on the first floor • Two bedrooms and full bath upstairs • Heat (oil hot water baseboard) included in rent; tenant pays electric This property reflects pride of ownership, with consistent occupancy throughout the years. Looking to add to your portfolio?