Renovated Duplex and Commercial
For Sale
$199,999
5 S State Street, Ripley, NY 14775
Two-family home and commercial building package deal in Ripley, NY.
Property Size9,149 SF
Days on Market281
Property Features for 5 S State Street
General Information
Standard status
Active
Size
9,149 SF
Property subtype
Multi Family Home
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$2,842
Building Details
Building Size
9,149 SF
Year Built
1890
Stories
2
Units
2
Listing Agency:
ERA Team VP Real Estate
(716) 397-4382
Listed By:
AnnaMarie Bennett
(716) 397-4382
Source:
Northstarwny
Added: Nov 15, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:57AM
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 ERA Team VP Real Estate
Investment Insights
Based on property information with market context.
This package deal includes a fully renovated two-family home at 5 South State Street and a commercial retail/office building at 2 West Main Street in Ripley, NY. The two-family home features two updated apartments. The lower unit includes 2 bedrooms, 2 bathrooms, and washer/dryer hookups. The upper unit has 2 bedrooms and 1 bathroom. Both units are fully rented, offering immediate income potential. The adjacent commercial building is a fixer-upper on a corner lot. The main level offers a spacious commercial space with original built-in drawers and cabinetry, previously used as a hardware store. The first floor is suitable for retail, office, or mixed-use, with high visibility in a high-traffic village location. The upper level is a blank canvas, ready for transformation into apartments or office suites. This package offers commercial and residential investment opportunities in the heart of Ripley, NY, near Lake Erie and the Pennsylvania state line.
Key Highlights
- Package deal: Includes a renovated two‑family home and a commercial/residential building.
- Immediate income potential: Both units of the renovated two‑family home are fully rented.
- Fully renovated two‑family home: Features new electrical, plumbing, flooring, and walls in both units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 14775, NY
2,402
Population
1,170
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
92%
High-School Grad
53.9 sq mi
ZIP Area
45
Density / Sq Mi
$50,061
Median Household Income
$30,599
Median Earnings
$628
Median Rent
$103,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home and commercial building package deal in Ripley, NY.
Where is this duplex located?
The property is located at 5 S State Street Ripley, NY.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Package deal: Includes a renovated two‑family home and a commercial/residential building.; Immediate income potential: Both units of the renovated two‑family home are fully rented.; Fully renovated two‑family home: Features new electrical, plumbing, flooring, and walls in both units.
