Property profile

5 S State St Ripley, NY 14775

FOR SALE
Multifamily properties
Property ID
US63-0158764
Built 1890
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Property summary

AI-generated overview

This is a package deal with 2 W Main St Ripley which is a commercial retail/office building. Welcome to 5 South State Street, a fully renovated two-family home. Both apartments have been completely updated, including new electrical, plumbing, flooring, and walls. The lower unit features 2 bedrooms, 2 bathrooms, and convenient washer/dryer hookups. The upper unit offers 2 bedrooms and 1 bathroom. Both units are fully rented, providing immediate income-producing potential for investors or owner-occupants. , Next door is 2 West Main Street is a fixer-upper packed with potential. Sitting on a corner lot, The main level offers spacious commercial space that previously housed the town’s hardware store for many years. Original built-in drawers and cabinetry remain, adding timeless charm and character to this turn-of-the-century building. The first floor is ideal for retail, office, or mixed-use space, with excellent visibility in a high-traffic village location. The upper level is a blank canvas, ready to be transformed into one or two modern apartments or additional office suites. This package deal offers a unique opportunity to own both commercial and residential investment properties in the heart of Ripley, NY, just minutes from Lake Erie and the Pennsylvania state line. bikeScore: 32, Somewhat Bikeable walkScore: 27, Car-Dependent

Property profile

Verified
Property type Multifamily properties
Year built 1890
UPID US63-0158764

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5 S State St Ripley, NY 14775
Ripley metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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