Remodeled Residential Income
2855 State Highway 80 Burlington, NY 13315
2855 State Highway 80, Burlington, NY, 13315
$289,900
For Sale
$289,900
Residential Multi Family, Other - Burlington, NY
Property Size1,652 SF
Lot Size15.14 Acres
Price / SF$175.48
Days on Market91
Property Features for 2855 State Highway 80
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
- Standard status
- Active
- Size
- 1,652 SF
- Lot size
- 15.14 Acres
Building Details
- Year built
- 2000
- Architectural style
- Other
Listing Agency
NextHome CNY Realty
315567HOME
110 Buchmans Close Cir., NY
Listed by
Lucinda Brown · License #40BR1038181,PersonLicenseNumber
(315) 591-5980
Added: Apr 18 Checked: Jul 17 at 4:06 am
MLS# S1674006
Listing URL
Copyright © 2026 NextHome, Inc. 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.
This remodeled residential income property offers an open, corner-to-corner living layout with a formal dining area, plus a breakfast bar and slider access to a deck. Improvements include a new roof, vinyl siding, comfort windows and doors, LVT flooring, PEX plumbing, foam insulation, and updated cabinetry with soft closures and marble countertops. A Herkimer stone-faced gas fireplace anchors the oversized living room, and a professionally installed mini split provides efficient heating and cooling. The home’s bedrooms and bathrooms have also been extensively remodeled with new vanities, mirrors, lighting, toilets, flooring, and showers, and window treatments are included. GE energy appliances are installed throughout.
The property is located up the road from Highburl Brewery and Rustic Ridge winery, approximately 8 miles to Cooperstown and the Farmers’ Museum and other recreational venues.
The layout and updates are positioned for immediate purchase, with flexibility noted for short-term rental, investment, or personal living use.
The property is located up the road from Highburl Brewery and Rustic Ridge winery, approximately 8 miles to Cooperstown and the Farmers’ Museum and other recreational venues.
The layout and updates are positioned for immediate purchase, with flexibility noted for short-term rental, investment, or personal living use.
Key Highlights
- Year built 2000 home with 3 bedrooms and 2 bathrooms
- Recently updated with new roof and vinyl siding
- Remodel includes PEX plumbing, foam insulation, LVT flooring, and new cabinetry with soft‑close features
Local Financial Insights For Apartment 5plus
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 | $25.8k | $15.60 |
| − Vacancy | −$1.3k | −$0.78 |
| EGI | $24.5k | $14.82 |
| − OpEx | −$11.0k | −$6.67 |
| NOI | $13.5k | $8.15 |
1,652 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$192.4K
$168.3K – $224.4K
NOI $13,465 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.4K
$398.5K – $531.3K
NOI $31,877 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Short term rental property - Remodeled with new roof, vinyl siding, and updated plumbing, flooring, and fixtures throughout.
Where is this short term rental property located?
The property is located at 2855 State Highway 80 Burlington, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Year built 2000 home with 3 bedrooms and 2 bathrooms; Recently updated with new roof and vinyl siding; Remodel includes PEX plumbing, foam insulation, LVT flooring, and new cabinetry with soft‑close features
