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Two-Unit Residential Income Property
For Sale
$229,000

MADISON AVE, Watkins Glen, NY 14891

Two rented units include an expanded 1BR/1BA and a 3BR/1BA, with easy parking out front.

Property Size2,300 SF
Price / SF$99.57
Days on Market102

Property Features for MADISON AVE

General Information

Standard status Active
Size 2,300 SF
Property subtype Other

Taxes and HOA fees

Annual Taxes $3,822

Amenities

Gas
Full, Partial
3
Hardwood
Parking.
Other Parking.
62X115

Building Details

Year Built 1944
Stories 2
Listing Agency: Howard Hanna Lake Group
Listed By: Jan Corning
Source: Xome
Added: May 3 Changed: Aug 11 Last Checked: Aug 11 at 5:43AM

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 Howard Hanna Lake Group

Investment Insights

Based on property information with market context.

This two-unit residential income property features an expanded 1BR/1BA unit and a 3BR/1BA unit, with both units currently rented on a month-to-month basis. The property includes recent exterior and major system improvements, including a new roof, new siding, mostly new windows, a new front porch, and brand-new high-efficiency boilers.

The home offers convenient off-street parking right out front and seasonal views of Seneca Lake. It is described as being just minutes north of the Village of Watkins Glen, with easy access to nearby shopping, dining, and everyday conveniences.

For practical layout and upkeep, the property is set up to support straightforward day-to-day management while providing flexibility for either investment ownership or owner-occupancy.

Key Highlights

  • Two‑unit property with an expanded 1BR/1BA unit and a 3BR/1BA unit
  • Both units are currently rented month‑to‑month
  • Recent improvements include a new roof, siding, mostly new windows, and a new front porch

Property Analytics

Current Use

Pike's Engine & Machine ... Auto Repair Shop Navone Joshua C Law Firm The Flat Iron Building Tour Operator Exercise Enterprise Gym & Fitness Center Elks Lodge Volunteer Organization

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Locksmith (Bike/Boat/Book/etc) Store Storage Facility Skin Care Clinic

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

402
Businesses Nearby

Demographics for 14891, NY

4,140
Population
2,602
Households
1.6
Avg Household Size
46
Median Age
25%
College-Educated
91%
High-School Grad
54.4 sq mi
ZIP Area
76
Density / Sq Mi
$57,137
Median Household Income
$36,221
Median Earnings
$775
Median Rent
$146,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two rented units include an expanded 1BR/1BA and a 3BR/1BA, with easy parking out front.
Where is this duplex located?
The property is located at MADISON AVE Watkins Glen, NY.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two‑unit property with an expanded 1BR/1BA unit and a 3BR/1BA unit; Both units are currently rented month‑to‑month; Recent improvements include a new roof, siding, mostly new windows, and a new front porch
More about this property
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