42204 State Hwy 28 Margaretville, NY $ 499,000
42204 State Hwy 28
$ 499,000
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42204 State Hwy 28

Margaretville, NY, 12455
$ 499,000
Bedrooms8 Baths4.0 Sq 1,664

Monthly Estimate*

$ 3,151

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Single Family Home for sale in Margaretville, NY

for $499,000 with 8 bedrooms and 4 full baths. This 1,664 square foot home was built in 1889 on a lot size of 1.02.

CHARMING 1889 FARMHOUSE w/INCOME-PRODUCING 2-UNIT RENTAL BUILDING — WALK TO MARGARETVILLE Imagine having your own Catskills getaway where you can escape the city and walk into the village for dinner, shopping or coffee—and a separate two-unit rental building helps offset the cost of ownership. This unique property offers exactly that opportunity. Set on over an acre, this lovingly maintained 1889 home has been cherished by 4 generations of the current owners. Now ready for its next chapter, the property combines charm, recreational lifestyle and income potential. The 1,554-square-foot farmhouse offers two comfortable levels of living space. The main floor features a welcoming entry, a bathroom/laundry room, spacious eat-in kitchen w/extensive wood cabinetry and counter space, and a cozy breakfast nook. The kitchen flows into a large, sun-filled formal dining room with pine paneling and then into a warm wood-paneled living room w/beautiful coffered ceiling and raised-hearth brick wood-burning fireplace. An enclosed porch stretches across the front of the house. Upstairs are four generously sized bedrooms, including a primary bedroom with an adjoining smaller room, ideal as a study, sitting room or additional sleeping space, plus a full bath. A full attic and standing-height dry basement provide excellent storage. There is also a garage w/upstairs storage. The separate 1,500-square-foot 2-story rental building contains two identical 2-bedroom apartments, both occupied by long-term tenants. Together they generate $1,400 per month, with tenants paying their own heat and electric. All units have separate utilities. The current owners have used the farmhouse as a short-term rental while enjoying it themselves between bookings—a model that could be continued, or the farmhouse could become your own private retreat. This is an opportunity to own a character-filled country home with established rental income helping to subsidize your Catskills escape while you can easily walk to Margaretville's shops, restaurants and supermarket, and Belleayre Ski Center, the Pepacton Reservoir, hiking trails and countless four-season recreational opportunities are just minutes away.

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Single Family Active

Price

$ 499,000

Bedrooms

8

Full Bath

4

Property Type

Single Family

Taxes

$ 5,327

Style

Triplex

Lot Size

1.02

Year Built

1889

Town/City

Margaretville

County/Region

Delaware

MLS | Web ID

R1700551

Features
Interior
Interior Amenities CeilingFans CathedralCeilings SlidingGlassDoors NaturalWoodwork
Basement Full
Flooring CeramicTile Hardwood Varies Vinyl
Total Fireplaces 1
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features ThermalWindows
Fireplace Y/N Yes
Half Baths 0
Total Bedrooms 8
Main Level Bathrooms 0
Total Baths 4
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General
Sewer Connected
Heating Oil Zoned Baseboard HotWater Wood
Cooling Zoned AtticFan WindowUnits
Utilities CableAvailable HighSpeedInternetAvailable SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt
Appliances ElectricWaterHeater OilWaterHeater
Garage Spaces 2.0
Patio/Porch Features Patio
Architectural Style Triplex
Security Features SecuritySystemLeased
Construction Materials Frame VinylSiding CopperPlumbing PexPlumbing
School District Margaretville
Year Built 1889
Electric CircuitBreakers
Tenant Pays AllUtilities
Stories Count 2
Township Margaretville-Village
Levels Two
Property Subtype MixedUse
Business Type Mixed
County Delaware
Property Type Residential
Garage Y/N Yes
Full Baths 4
Status Active
Directions From Bridge St Margaretville take a left on State Hwy 28 to 42204 (Property is on your right)
High School Margaretville Central
City Middletown
Senior Community Y/N No
High School District Margaretville
Number Of Units Total 3
MLS Area Margaretville-Village-124603
Lot Size Units Acres
Lot Size Square Feet 44431.0
Year Built Details Existing
Tax Annual Amount 5327.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Margaretville
Elementary School District Margaretville
Tax Assessed Value 273600
TaxOtherAnnualAssessmentAmount 0.0
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Exterior
Exterior Amenities Patio PrivateYard SeeRemarks
Parking Features ParkingAvailable TwoOrMoreSpaces
Lot Features IrregularLot NearPublicTransit ResidentialLot
Water Source Connected Public Well
Lot Size Area 1.02
Foundation Details Poured
Building Area Total 1664.0
Lot Dimensions 160X301
Lot Size Acres 1.02
Waterfront Y/N No
Door Features SlidingDoors
Number of Separate Gas Meters 0
Number of Separate Electric Meters 3
Road Frontage Type CityStreet MainThoroughfare
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Internal Only
Street Number 1 42204
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* Excluded Features
List By
Keller Williams Upstate Ny Properties

Broker

(845) 853-3255

Phone

Affordability Calculator

$3,595
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
$444
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4122850 Elementary School
4122777 Middle School
Margaretville Central High School High School
Pricing History
DatePricePrice ChangeDescription
8/21/2026$499,000 Listed Price

Map


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42204 State Hwy 28, Margaretville, NY, 12455 is a Single Family Home for sale at $499,000 with 1,664 sqft and a lot size of 1.02. 42204 State Hwy 28 has 8 bedrooms, 4.0 baths, and was built in 1889. The property's zip code is 12455 which is in Margaretville, NY