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Multifamily Property with Acreage
For Sale
$166,000

189 Michigan Hollow Road, Spencer, NY 14883

Residential, Spencer, NY

Property Size5,974 SF
Lot Size24.00 Acres
Price / SF$27.79
Days on Market199

Property Features for 189 Michigan Hollow Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 12
Full bathrooms 7
Half bathrooms 5
Rooms Bedroom 6, Bathroom 5, Bathroom 3, Bathroom 10, Bathroom 4, Bathroom 8, Bathroom 9, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 7, Bedroom 7, Bathroom 2, Bathroom 12, Bathroom 11, Bathroom 6, Bedroom 2, Bedroom 1, Bedroom 4
Parking features Garage
Appliances OilWaterHeater
Lot features Irregular Lot, Wooded
Elementary school Spencer-Van Etten Elementary
Middle school Spencer-Van Etten Middle
High school Spencer-Van Etten High
Elementary school district Spencer-Van Etten
Middle school district Spencer-Van Etten
High school district Spencer-Van Etten
Directions From Ithaca, take NY-13 to NY 34/96S, turn left onto Michigan Hollow Rd.
Subdivision Spencer-493489
Standard status Active
APN 493489-035-000-0002-044-000-0000
Size 5,974 SF
Lot size 24.00 Acres

Taxes and HOA fees

Tax Annual Amount 6868

Utilities

Sewer type Septic Tank
Heating system Oil, Baseboard
Water source Well

Building Details

Year built 1970
Floors in Building 2
Number of units 4
Flooring type Carpet, Varies, Vinyl
Building materials Block, Concrete
Roof type Flat
Listing Agency: Warren Real Estate of Ithaca Inc. (Downtown)
Listed By: Bethany Huey · License #10401237932
Added: Mar 5 Changed: Sep 17 Last Checked: Sep 20 at 5:06PM
MLS# R1664982

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.

Investment Insights

Based on property information with market context.

Set on 24 acres in Spencer, this multifamily property includes 5,974 square feet of improvements across a warehouse with living quarters, three single-wide structures, and a large barn. The buildings require renovation and cleanup, while existing features include block and concrete construction, varied flooring, oil and baseboard heating, a flat roof, and garage parking.

The property is served by a well and septic tank and includes a stream running through the wooded land. Built in 1970, the improvements provide an existing framework for storage, workshop, equipment, residential, or other supported uses. Located at 189 Michigan Hollow Road in Spencer, the property offers a substantial acreage component alongside its multiple structures.

Key Highlights

  • 24 acres of wooded land in Spencer, NY
  • 5,974 square feet of property improvements
  • Warehouse with living quarters

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Food Market

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

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 14883, NY

3,998
Population
2,062
Households
1.9
Avg Household Size
42
Median Age
30%
College-Educated
94%
High-School Grad
72.6 sq mi
ZIP Area
55
Density / Sq Mi
$62,431
Median Household Income
$40,928
Median Earnings
$980
Median Rent
$191,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Wooded property with multiple residential structures, a warehouse with living quarters, and renovation needs.
Where is this multifamily property located?
The property is located at 189 Michigan Hollow Road Spencer, NY.
What is the asking price?
The asking price for this property is $166,000.
What are key features of this property?
This property features: 24 acres of wooded land in Spencer, NY; 5,974 square feet of property improvements; Warehouse with living quarters
More about this property
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