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Two-Family Residential Income Property
For Sale
$59,000
Pending

1034 County Route 48, Richland, NY 13144

Two-family home with multiple upgrades, an existing lower-level rental history, and an unfinished upper level ready for completion.

Property Size1,716 SF
Days on Market68

Property Features for 1034 County Route 48

General Information

Standard status Pending
Size 1,716 SF
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,129

Building Details

Building Size 1,716 SF
Year Built 1890
Stories 2
Units 2
Listing Agency: Adolfi Real Estate, Inc.
Listed By: Valerie Ann Morris
Source: Elliman
Added: Jul 4 Changed: Aug 7 Last Checked: Jul 23 at 4:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Adolfi Real Estate, Inc.

Investment Insights

Based on property information with market context.

This two-family residential income property includes two separate living levels within one home. The lower level has three bedrooms and one full bathroom and is described as having many upgrades and updates, with a multi-year rental history as an Airbnb. The furniture can stay if desired. The upper level is waiting for finishing and has been re-plumbed, with a sub panel run and new windows installed, noted as ready to tie in.

The public remarks note the home is close to the Salmon River. The seller also indicates a sister property next door is available and that 1036 County Route 48 can be offered as a package. Reported upgrades include new windows, a new combi (hot water/boiler combination), a new roof, and doors, among others.

As presented, the property offers a completed, rental-in-place lower level while the upper level is positioned for build-out based on the work already completed.

Key Highlights

  • Two‑family home built in 1890 with multiple upgrades and an unfinished upper level ready for completion
  • Lower level includes 3 bedrooms and 1 full bathroom and has been rented for several years as an Airbnb (furniture can stay)
  • Lower level updates include new windows, new combi hot water/boiler combination, new roof, and new doors

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Real Estate Agency Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

22
Businesses Nearby

Demographics for 13144, NY

1,401
Population
782
Households
1.8
Avg Household Size
45
Median Age
10%
College-Educated
79%
High-School Grad
37.1 sq mi
ZIP Area
38
Density / Sq Mi
$62,578
Median Household Income
$34,881
Median Earnings
$720
Median Rent
$101,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family home with multiple upgrades, an existing lower-level rental history, and an unfinished upper level ready for completion.
Where is this duplex located?
The property is located at 1034 County Route 48 Richland, NY.
What is the asking price?
The asking price for this property is $59,000.
What are key features of this property?
This property features: Two‑family home built in 1890 with multiple upgrades and an unfinished upper level ready for completion; Lower level includes 3 bedrooms and 1 full bathroom and has been rented for several years as an Airbnb (furniture can stay); Lower level updates include new windows, new combi hot water/boiler combination, new roof, and new doors
More about this property
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