For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Charming Newfield Multifamily Property Title is generated by Realmo AI

    15-19 Pearl Street, Newfield, NY 14867

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $225,000

    MULTI_FAMILY - Newfield, NY

    Property size:
    1,419 SF
    Lot size:
    0.72 Acres
    Price / SF:
    $158/SF
    Added:
    May 6, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 25 at 3:06 am

    Property Features for 15-19 Pearl Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1
    Appliances
    ElectricWaterHeater
    Standard status
    Active Under Contract
    APN
    503400-014-000-0002-023-000-0000
    Size
    1,419 SF
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4100

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Carpet, Varies
    Building materials
    VinylSiding

    We can help!

    Contact an agent
    Rio Lange
    Rio Lange

    Listing agent Rio Lange License #10401301832

    Listing office Keller Williams Realty 126 W State St, Ithaca, NY

    Listing date May 6, 2026

    MLS# R1679705 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two homes on double lot at 15‑19 Pearl Street: 1‑bedroom bungalow plus a 3‑bedroom mobile home
    • Mobile home includes remodeled kitchen and tiled bathrooms, plus a 12' mudroom addition for extra storage
    • Bungalow features an updated tiled bathroom, a bright kitchen, and a sunny enclosed porch
    • Heating: natural gas forced air; electric water heater; flooring includes carpet, tile, and varied flooring
    • Utilities and services: public water and septic tank sewer
    • Outbuildings and parking include a full 2‑car garage with overhead openers, an 8x24 tool shed, and an additional storage shed

    Overview

    Located in the heart of Newfield, this property at 15-19 Pearl Street features two homes on a double lot, surrounded by gardens, gravel pathways, and outdoor spaces. The property includes a one-bedroom bungalow and a three-bedroom mobile home, offering flexibility for multigenerational living, rental income, guest accommodations, or owner-occupancy with supplemental income potential. A gravel pathway lined with grape vines connects the two homes. The property includes fenced garden areas, lawn space, mature trees and flowers, and outbuildings, creating a park-like atmosphere. The mobile home features an efficient layout with a remodeled kitchen and tiled bathrooms. A 12' mudroom addition provides storage and functionality. The bungalow offers living space with a kitchen, living room, tiled bathroom, and an enclosed porch filled with natural light. Additional features include a two-car garage with overhead openers, an 8x24 tool shed, and an additional storage shed. The property spans 0.72 acres and offers 1419 square feet of living space. This property offers versatility, efficiency, and outdoor living in an in-town location.

    Local 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 $28.1k $19.80
    − Vacancy −$1.3k −$0.89
    EGI $26.8k $18.91
    − OpEx −$8.0k −$5.67
    NOI $18.8k $13.24
    1,419 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $268.3K
    $234.8K – $313.0K (±1% cap)
    NOI $18,782 @ 7.0% cap · market cap 8.35%
    Second Best
    Apartment 5plus
    $248.7K
    $217.6K – $290.1K (±1% cap)
    NOI $17,406 @ 7.0% cap · market cap 7.74%
    Theoretical Best
    Office A
    $442.8K
    $387.4K – $516.6K (±1% cap)
    NOI $30,995 @ 7.0% cap · market cap 13.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Kitchen & Bath Showroom Daycare Center HVAC Service Restaurant Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newfield
    County
    Tompkins
    State
    New York
    Longitude
    -76.591379
    Latitude
    42.359978

    FAQs

    What type of property is this?
    Duplex - Unique double-lot property with two homes and lush gardens.
    Where is this duplex located?
    The property is located at 15-19 Pearl Street Newfield, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Two homes on double lot at 15‑19 Pearl Street: 1‑bedroom bungalow plus a 3‑bedroom mobile home; Mobile home includes remodeled kitchen and tiled bathrooms, plus a 12' mudroom addition for extra storage; Bungalow features an updated tiled bathroom, a bright kitchen, and a sunny enclosed porch
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message