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Carthage Mixed-Use Investment Opportunity

266-268 State St, Carthage, NY 13619

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For Sale

$699,000

14-unit mixed commercial/residential building in Carthage business district.

Type:Commercial

Lot size:

0.25 Acres

HighLights

100% Occupancy: Enjoy immediate rental income with this fully occupied property.
Significant Rental Income: Gross rents total $149,613, indicating strong revenue potential.
Mixed‑Use Building: Features a mix of 10 residential and 4 commercial units, diversifying income streams.
Prime Location: Situated in the heart of the Carthage business district, offering high visibility and accessibility.
Established Commercial Tenants: Includes well‑known businesses such as H&R Block and Morning Ritual, providing stable income.
Recent Upgrades: Significant repairs and upgrades have been made, potentially reducing near‑term maintenance costs.

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Robert Morris

For Sale

$699,000

14-unit mixed commercial/residential building in Carthage business district.

Type:Commercial

Lot size:

0.25 Acres

Added:: Mar 11, 2026
Days on Market:: 118
Last Refresh:: Jul 2 at 8:15 am

Property Features for 266-268 State St

General Information

Standard status: Active
Lot size: 0.25 Acres
Property subtype: Commercial

Building Details

Year Built: 1894

We can help!

Contact an agent

Robert Morris

Listing office

Listing date Mar 11, 2026

Source Elliman

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 Robert Morris

HighLights

100% Occupancy: Enjoy immediate rental income with this fully occupied property.
Significant Rental Income: Gross rents total $149,613, indicating strong revenue potential.
Mixed‑Use Building: Features a mix of 10 residential and 4 commercial units, diversifying income streams.
Prime Location: Situated in the heart of the Carthage business district, offering high visibility and accessibility.
Established Commercial Tenants: Includes well‑known businesses such as H&R Block and Morning Ritual, providing stable income.
Recent Upgrades: Significant repairs and upgrades have been made, potentially reducing near‑term maintenance costs.

Overview

This mixed-use property presents an investment opportunity in the Carthage business district. It is combined with the adjacent property at 272 State Street, forming a complex with a total of 14 units: 10 residential and 4 commercial. The commercial spaces are occupied by H&R Block, Morning Ritual, a cellular phone outlet, and Hawk Self Storage, which includes 6 storage units. The residential units consist of three 1-bedroom, four 2-bedroom, two 3-bedroom, and one 4-bedroom apartments, situated on the upper two floors. The property is currently 100% occupied, generating a total gross rental income of $149,613. A coin-operated laundry facility at 272 State Street provides additional income. Tenants are responsible for their electric bills, while water, heat, and trash removal are included in the rent. Tenant parking is available, along with a two-stall garage that can be rented to tenants. Significant repairs and upgrades have been completed in recent years, potentially reducing near-term maintenance expenses. The property offers potential for cash flow and return on investment.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

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Local Demand

City: Carthage
County: Jefferson
State: New York
Longitude: -75.6099
Latitude: 43.9774

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For sale
Mixed-use properties
NY
Carthage
13619
266-268 State St

What type of property is this?

Mixed-use property - 14-unit mixed commercial/residential building in Carthage business district.

Where is this mixed-use property located?

The property is located at 266-268 State St Carthage, NY.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 100% Occupancy: Enjoy immediate rental income with this fully occupied property.; Significant Rental Income: Gross rents total $149,613, indicating strong revenue potential.; Mixed‑Use Building: Features a mix of 10 residential and 4 commercial units, diversifying income streams.