Property summary
This exceptional investment opportunity presents a meticulously maintained, historic stone house ideally situated in Petersburgh, NY, at 2003 NY-2, zip code 12138. Boasting a rich history, the property was built in 1850 and extensively renovated in 2013, seamlessly blending historical charm with modern updates. The property comprises two separate, unique units, perfect for Airbnb rentals, with a proven 10-year track record of successful operation. The 4,900 square foot building sits on a one-acre lot and includes five parking spaces. Each of the two units is priced at $199,500, offering a compelling price per unit. The property's Class B designation reflects its well-maintained condition and strong rental history. The attractive asking price of $399,000 translates to a price per square foot of $81.43 and a highly desirable 9.50% cap rate. The property is zoned for apartment buildings, ensuring continued flexibility for its use. Enjoy the convenience of a large outdoor patio and fire pit, perfect for guest enjoyment. The property is fully furnished in good taste. Its prime location offers easy access to Grafton Lake State Park, the New York-Vermont border, the Berkshires, and Western Massachusetts, making it an attractive destination for tourists and vacationers. The APN is 86-2-29.01. This is a must-see property for discerning investors seeking a strong return on investment in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Party Supply Store (Bike/Boat/Book/etc) Store
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Big Box & Wholesale Store
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Hat Shop
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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