88 W Main St 1-3, Milford, NY 13807
Three well-maintained residential units offer flexible living and rental options with off-street parking and outdoor space.
- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 5:42 am
Property Features for 88 W Main St 1-3
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1876
Listing office (607) 435-3290
Listing date Jun 17, 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 Jaclyn Flynn
HighLights
- Village of Milford triplex built in 1876 with three residential units
- Over 3,000 sq ft of living space with a 3BD/2BA unit plus a 2BD/1BA and a 1BD/1BA unit
- Off‑street parking, plus storage space for residents
- Outdoor living areas including a front porch and a spacious backyard
- Designated laundry area within the property
Overview
Located in the Village of Milford, the property is convenient to Cooperstown and is described as being just minutes from Bassett Medical Center, schools, shopping, restaurants, and local attractions. The area is somewhat bikeable with car-dependent walkability, which supports tenants and residents who rely on personal transportation.
The unit mix can fit a range of living arrangements, whether an owner-occupant wants one unit for themselves while keeping others available for additional household needs. For investors or operators, the configuration provides multiple independent residential options within a single, maintained property, along with on-site parking, storage, and laundry support.
Local Financial Insights For Multifamily LT 5
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 | $39.6k | $13.20 |
| − Vacancy | −$2.2k | −$0.73 |
| EGI | $37.4k | $12.47 |
| − OpEx | −$11.2k | −$3.74 |
| NOI | $26.2k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Otsego
- State
- New York
- Longitude
- -74.9463779
- Latitude
- 42.5905482
