242 State Street Auburn, NY $ 259,900
242 State Street
$ 259,900
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242 State Street

Auburn, NY, 13021
$ 259,900
Bedrooms5 Baths4.0 Sq 3,140

Monthly Estimate*

$ 1,600

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Multi-Family Home for sale in Auburn, NY

for $259,900 with 5 bedrooms and 4 full baths. This 3,140 square foot home was built in 1890 on a lot size of 0.2064.

Presenting a well-maintained three-family property offering strong rental performance and versatility for both investors and owner-occupants alike. The building features two fully renovated units plus one well-kept unit, each with separate utilities, ensuring easy management and cleaner operating expenses. This home consists of two 2 bedroom and 0ne 1 bedroom apartments, unit 2 is a 2 bedroom 2 bathroom. Current annual net operating income stands at $23,064, providing an attractive turnkey investment opportunity with room for future upside through market rent adjustments or continued portfolio scaling. This property is being offered as part of a four-home investment portfolio, delivering the rare chance to acquire multiple income-producing assets in one transaction. Current annual net operating income for the entire portfolio stands at $79,801. A smart and stable addition to any investor’s holdings—modernized interiors, strong rental performance, and a configuration that appeals to today’s tenants make this one a standout. To view the other homes in this portfolio, please refer to MLS numbers: S1657403 S1657402 S1657399

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Multi-Family Active

Price

$ 259,900

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,036

Style

MultiFamily

Lot Size

0.2064

Year Built

1890

Town/City

Auburn

County/Region

Cayuga

MLS | Web ID

S1657404

Features
General
Sewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances GasWaterHeater
Garage Spaces 0.0
Construction Materials VinylSiding
School District Auburn
Year Built 1890
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Cayuga
Property Type Residential
Rent Includes Other SeeRemarks
Full Baths 4
Status Active
Directions Take State St North. House is on the right just past Grant St.
City Auburn
Senior Community Y/N No
High School District Auburn
Number Of Units Total 3
MLS Area Auburn-050100
Lot Size Units Acres
Lot Size Square Feet 8993.0
Year Built Details Existing
Tax Annual Amount 7036.0
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1657404 https://www.propertypanorama.com/instaview-tour/syr/S1657404
Standard Status Active
Middle/Junior School District Auburn
Elementary School District Auburn
Tax Assessed Value 159300
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 8
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Interior
Basement Full
Flooring Hardwood Varies Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 5
Main Level Bathrooms 0
Total Baths 4
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Exterior
Parking Features TwoOrMoreSpaces
Lot Features Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.2064
Building Area Total 3140.0
Lot Dimensions 66X136
Lot Size Acres 0.2064
Waterfront Y/N No
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type CityStreet
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Internal Only
Street Number 1 242
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* Excluded Features
List By
Baier Real Estate Llc

Broker

(315) 406-2717

Phone

Affordability Calculator

$2,187
Per Month
73%
27%
0%
Monthly Principal & Interest
$1,600
Monthly Property Taxes
$586
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3040254 Elementary School
3038326 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/15/2026$259,900 Listed Price

Map


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242 State Street, Auburn, NY, 13021 is a Multi-Family Home for sale at $259,900 with 3,140 sqft and a lot size of 0.2064. 242 State Street has 5 bedrooms, 4.0 baths, and was built in 1890. The property's zip code is 13021 which is in Auburn, NY