42204 State Hwy 28, Margaretville, NY 12455
Local realty services provided by:CENTURY 21 North East
42204 State Hwy 28,Margaretville, NY 12455
$499,000
- 8 Beds
- 4 Baths
- 1,664 sq. ft.
- Multi-family
- Active
Listed by: pamela jean orr, judy m. black
Office: keller williams upstate ny properties
MLS#:R1700551
Source:NY_GENRIS
Price summary
- Price:$499,000
- Price per sq. ft.:$299.88
About this home
CHARMING 1889 FARMHOUSE w/INCOME-PRODUCING 2-UNIT RENTAL BUILDING — WALK TO MARGARETVILLE Imagine having your own Catskills getaway where you can escape the city and walk into the village for dinner, shopping or coffee—and a separate two-unit rental building helps offset the cost of ownership. This unique property offers exactly that opportunity. Set on over an acre, this lovingly maintained 1889 home has been cherished by 4 generations of the current owners. Now ready for its next chapter, the property combines charm, recreational lifestyle and income potential. The 1,554-square-foot farmhouse offers two comfortable levels of living space. The main floor features a welcoming entry, a bathroom/laundry room, spacious eat-in kitchen w/extensive wood cabinetry and counter space, and a cozy breakfast nook. The kitchen flows into a large, sun-filled formal dining room with pine paneling and then into a warm wood-paneled living room w/beautiful coffered ceiling and raised-hearth brick wood-burning fireplace. An enclosed porch stretches across the front of the house. Upstairs are four generously sized bedrooms, including a primary bedroom with an adjoining smaller room, ideal as a study, sitting room or additional sleeping space, plus a full bath. A full attic and standing-height dry basement provide excellent storage. There is also a garage w/upstairs storage. The separate 1,500-square-foot 2-story rental building contains two identical 2-bedroom apartments, both occupied by long-term tenants. Together they generate $1,400 per month, with tenants paying their own heat and electric. All units have separate utilities. The current owners have used the farmhouse as a short-term rental while enjoying it themselves between bookings—a model that could be continued, or the farmhouse could become your own private retreat. This is an opportunity to own a character-filled country home with established rental income helping to subsidize your Catskills escape while you can easily walk to Margaretville's shops, restaurants and supermarket, and Belleayre Ski Center, the Pepacton Reservoir, hiking trails and countless four-season recreational opportunities are just minutes away....
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Home facts
- Year built:1889
- Listing ID #:R1700551
- Added:5 day(s) ago
- Updated:August 24, 2026 at 01:47 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Ceramic Tile, Hardwood, Varies, Vinyl
- Basement:Yes
- Basement Description:Full
- Living area:1,664 sq. ft.
Heating and cooling
- Cooling:Window Units, Zoned
- Heating:Baseboard, Hot Water, Oil, Wood, Zoned
Structure and exterior
- Roof:Asphalt
- Year built:1889
- Building area:1,664 sq. ft.
- Lot area:1.02 Acres
- Lot Features:Irregular Lot, Near Public Transit, Residential Lot
- Architectural Style:Triplex
- Construction Materials:Copper Plumbing, Frame, Vinyl Siding
- Exterior Features:Patio
- Foundation Description:Poured
- Levels:2 Stories
Schools
- High school:Margaretville Central
Utilities
- Water:Connected, Public, Water Connected, Well
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$299.88
- Tax amount:$5,327
Features and amenities
- Laundry features:Electric Water Heater
Parking
- Parking description:Parking Available
- Garage:Yes
- Garage spaces:2
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