Remodeled Duplex with Above-Ground
116 N Main St Milford, NY 13807
For Sale
$399,000
Immaculate duplex with updated kitchens and baths, offering two remodeled units on an acre-plus lot with pool and fire pit.
Property Size4,000 SF
Price / SF$99.75
Days on Market55
Property Features for 116 N Main St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1792
Listing Agency:
(607) 267-6013
Listed By:
Cody A. Rose
(607) 267-6013
Source:
Elliman
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 25 at 10:40AM
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 Cody A. Rose
Investment Insights
Based on property information with market context.
An immaculate duplex totaling 4,000+ square feet, featuring two remodeled apartments configured for short-term stays. One unit is a remodeled 2-bedroom apartment, and the other is an expansive remodeled 6-bedroom layout with an additional upstairs bonus room. The property is designed for flexibility with sleeping capacity for 18 across both units.
Located at 116 N. Main in historic Milford, the property is about a 5-minute drive to Cooperstown Dreams Park and approximately 15 minutes to the National Baseball Hall of Fame. WalkScore and BikeScore indicate a car-dependent setting. The home sits on a large lot over an acre, with multiple sitting areas in both the front and back.
Recent updates include two new kitchen remodels, three new bathrooms, a brand-new water heater, and a second water heater that is about one year old. Additional improvements include a new washer/dryer combo. Outdoor amenities include an above-ground pool and a relaxing fire pit area. Currently operating on Airbnb with Superhost status and booked through the Summer baseball season, the setup may appeal to operators seeking an established, turnkey lodging configuration.
Located at 116 N. Main in historic Milford, the property is about a 5-minute drive to Cooperstown Dreams Park and approximately 15 minutes to the National Baseball Hall of Fame. WalkScore and BikeScore indicate a car-dependent setting. The home sits on a large lot over an acre, with multiple sitting areas in both the front and back.
Recent updates include two new kitchen remodels, three new bathrooms, a brand-new water heater, and a second water heater that is about one year old. Additional improvements include a new washer/dryer combo. Outdoor amenities include an above-ground pool and a relaxing fire pit area. Currently operating on Airbnb with Superhost status and booked through the Summer baseball season, the setup may appeal to operators seeking an established, turnkey lodging configuration.
Key Highlights
- 4000+ SF duplex built in 1792 with two remodeled units
- Sleeps 18 total between both units: one remodeled 2‑bedroom and one remodeled 6‑bedroom plus an upstairs bonus room
- Recent updates include 2 new kitchen remodels, 3 new bathrooms, and a new washer/dryer combo
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.8k | $13.20 |
| − Vacancy | −$2.9k | −$0.73 |
| EGI | $49.9k | $12.47 |
| − OpEx | −$15.0k | −$3.74 |
| NOI | $34.9k | $8.73 |
4,000 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.0K
$436.6K – $582.1K
NOI $34,927 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.4K
NOI $32,604 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$1.10M
$964.8K – $1.29M
NOI $77,184 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Immaculate duplex with updated kitchens and baths, offering two remodeled units on an acre-plus lot with pool and fire pit.
Where is this duplex located?
The property is located at 116 N Main St Milford, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4000+ SF duplex built in 1792 with two remodeled units; Sleeps 18 total between both units: one remodeled 2‑bedroom and one remodeled 6‑bedroom plus an upstairs bonus room; Recent updates include 2 new kitchen remodels, 3 new bathrooms, and a new washer/dryer combo
