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Historic Farm with Income Potential
For Sale
$825,000

354 E Hill Rd, Jeffersonville, NY 12748

47+ acre farm with apartments and scenic views.

Property SizeContact for details
Lot Size46.80 Acres
Days on Market189

Property Features for 354 E Hill Rd

General Information

Standard status Active
Lot size 46.80 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $6,588

Building Details

Year Built 1856
Units 6
Listing Agency: Resort Realty
Listed By: Darlene M O Dell · License #40OD0930903
Source: Elliman
Added: Mar 11 Changed: Sep 13 Last Checked: Sep 14 at 6:02AM

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 Resort Realty

Investment Insights

Based on property information with market context.

This historic property, once a 20-room boarding house and dairy farm, has been converted into a multifamily residential property. The main building now contains five apartments, including one two-bedroom, one studio, one efficiency, and two one-bedroom units. The third floor features nine additional bedrooms, although this level lacks heating and plumbing. Situated on over 47 acres, the farm includes more than 30 acres of fertile pasture land and an apple orchard. The property also features potential for a pond, four wells, and springs. Dependable tenants occupy the apartments, some having resided there for almost 20 years. Recent upgrades include a new 99% efficient Riello furnace, a hot water heater, some electrical upgrades, and some exterior painting. An additional 1.7-acre lot with a productive well is included. The property offers scenic views and potential for agricultural use. There is also a one-bedroom guest house. The property has potential for $14,400 a year for an owner's apartment.

Key Highlights

  • 47+ acre farm featuring 30+ acres of fertile pasture land, apple orchard, and potential pond.
  • Income‑generating property with 5 apartments and dependable, long‑term tenants.
  • Includes an extra 1.7‑acre lot with a productive well.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Garden Center Bakery Daycare Center Real Estate Agency Travel Agency

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

18
Businesses Nearby

Demographics for 12748, NY

1,890
Population
1,022
Households
1.8
Avg Household Size
50
Median Age
36%
College-Educated
93%
High-School Grad
23.6 sq mi
ZIP Area
80
Density / Sq Mi
$75,500
Median Household Income
$47,500
Median Earnings
$967
Median Rent
$236,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 47+ acre farm with apartments and scenic views.
Where is this apartment building located?
The property is located at 354 E Hill Rd Jeffersonville, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 47+ acre farm featuring 30+ acres of fertile pasture land, apple orchard, and potential pond.; Income‑generating property with 5 apartments and dependable, long‑term tenants.; Includes an extra 1.7‑acre lot with a productive well.
More about this property
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