125 Water ST Pending Save Request In-Person Tour Request Virtual Tour
Franklin,NY 13775
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $74
MLS Listing ID 884711
Style Farmhouse
Bedrooms 1
Full Baths 1
Year Built 1850
Annual Tax Amount $1,625
Lot Size 10,890 Sqft
Property Sub-Type Single Family Residence
Property Description
Investment Opportunity with Income & Business Potential in Franklin, NY
125 Water Street is a rare find in the heart of Franklin — a spacious 1850 Greek Revival farmhouse on a corner lot, offering serious potential to generate multiple income streams. With flexible zoning, ample square footage, and major infrastructure upgrades already in place, this property is primed for transformation into a smart investment.
The front of the home is well on its way, featuring a large kitchen, dining area, two generous living spaces, and a dramatic staircase leading to an unfinished massive primary suite. Period woodwork and historic details add character, while behind the scenes, key systems — including foundation, electric, plumbing, water, and insulation — have already been upgraded.
A wrap around porch runs from the kitchen to the living room with the small-town charm we all crave. Large light filled living spaces have access to the covered front porch.
The rear of the property is where the opportunity truly expands: a massive two-story garage/studio space tall enough to house trucks, RVs, or large equipment. This space could serve as a base for a contractor, service business, or creative enterprise — or be converted into rental units.
Located in a revitalizing Catskills village with a new Main Street grant and thriving creative energy, this is a strategic opportunity to invest in both real estate and community.
Minutes to Oneonta, Cooperstown All Star Village, 1 hr 15 minutes to ski resorts and 3 hrs 15 mins to NYC. The property is being sold, as-is.
Location
State NY
County Delaware County
Interior
Heating Electric
Cooling None
Flooring Hardwood
Exterior
Garage Spaces 6.0
Utilities Available Cable Available,Electricity Available,Electricity Connected,Trash Collection Public,Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Blown-In Insulation,Wood Siding
Schools
Elementary Schools Franklin Central School
Middle Schools Franklin Central School
High Schools Franklin
School District Franklin
Others
Special Listing Condition None