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63-65 Silver Street

Norwich, NY 13815

$449,900 $1,896/Mo

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Overview

Bed

Bath

5,486

Sqft

0.30

Acre(Lot)

Description

A rare TURNKEY, FULLY FURNISHED INCOME OPPORTUNITY, which blends short-term vacation rentals (via Airbnb/VRBO) with extended-stay professional housing. For investors seeking IMMEDIATE INCOME POTENTIAL, HIGHER RENTS THAN TRADITIONAL, AND A NICHE HOUSING MODEL WITH PROVEN DEMAND. The property is an OPERATIONAL, income-producing hospitality asset with multiple demand streams ALREADY IN PLACE. The property is already FULLY RENOVATED, CONFIGURED, and FURNISHED, eliminating the typical startup costs. The property consists of two fully-furnished adjacent residential properties with 5 total units. These adjacent properties offers larger combined capacity for groups or corporate clients and the ability to separate short and long term guests. EXTENSIVE RENOVATIONS ($300K+) have been completed on the property, including a new roof (63 Silver St), interior framing and sheetrock, new windows/framing and insulation, new installation and renovation of kitchens and baths, new flooring and carpeting, new electric panels and wiring, new plumbing and sewer pipe, new gas pump heating and electric baseboard heaters and on-demand water heaters, new fencing, blacktop driveway, and other improvements. The property received an exterior facelift as part of the City of Norwich's Home Beautification Program (Curb Appeal Program), and is located just around the corner from the city's recently updated Museum District, and close to the hospital and downtown Norwich NY. Typical clients of extended stay rentals in this area include UHS Chenango Memorial Hospital (138-bed regional hospital which just completed a large-scale renovation), NBT Bank, Chobani, and GE Aerospace, Utility Subcontractors, Project-based Workers, as well as insurance placements. There is a high demand for extended stay and traveling nurse/medical staff housing in the area as there are limited rentals and hotels. Airbnb/VRBO rentals are popular in summer months for local tourism, the Chenango Blues Fest, Gus Macker, Colorscape Chenango, Chobani Fall Harvest Market, Chenango County Fair, and numerous other local events. Cooperstown, Colgate University and state parks and lakes are a short distance away.

Property Details

Property Type : Residential Income

Price : $449,900

AD Id : 84875799

MLS Id : R1688679

Beds : 5

Lot Size : 0.30 Acre

Living Area Size : 5,486

Year Built : 1885

County : Chenango

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What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Room Information

Has Basement: Yes Basement: Full, Partial, Walk-Out Access
Flooring Information

Carpet, Hardwood, Varies, Vinyl
Roofing Information

Asphalt, Metal, Shingle
Interior Features

Roof: Asphalt, Metal, Shingle Appliances: Gas Water Heater, Tankless Water Heater, Water Heater
Heating & Cooling

Has Heating: Yes Heating: Heat Pump, Electric, Baseboard, Forced Air, Natural Gas Has Cooling: Yes Cooling: Heat Pump

Building Information

Year Built: 1885 Building Area Total: 5486 Construction Materials: Fiber Cement, Other, Vinyl Siding Stories: 2 Private Pool: No

Lot Information

Lot Dimensions: 100X210 Main Square Feet: 0.3 Acres Lot Size Acres: 0.3 Lot Size Square Feet: 8276 Lot Description: Irregular Lot

Listing Price Information

Listing Price: $449900 Cash

Tax Information

Parcel Number: 081100-136-410-0002-007-000-0000 Tax Lot: 7 Annual Tax: $9454

Parking Information

Parking Total: 3 Driveway, No Garage, Shared Driveway, Paved

Utility Information

Sewer Connected, Water Connected
Location Information

Direction: From downtown Norwich, travel north on N. Broad St (State Route 12) to right on Rexford St. (State Route 23 W and Museum District), then right on Silver St. Property on right. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
936 County Road 34, Norwich, NY, 13815	$849,900	5	4	5,630	5,630 SqFt
580 County Road 34, Norwich, NY, 13815	$469,900	4	3	3,339	3,339 SqFt
143 Burdick Medbury Road, Norwich, NY, 13815	$339,000	4	2	2,761	2,761 SqFt
5187 State Highway 23, Norwich, NY, 13815	$211,900	3	2	1,376	1,376 SqFt
445 Dan Main Road, Norwich, NY, 13815	$350,000	4	3	2,160	2,160 SqFt
140 E Main Street, Norwich, NY, 13815	$184,900	3	2	1,308	1,308 SqFt
131 Horstman Lane, Norwich, NY, 13815	$70,000	3	2	1,280	1,280 SqFt
33 Birdsall Street, Norwich, NY, 13815	$179,000	4	2	1,853	1,853 SqFt
7 Sheldon Street, Norwich, NY, 13815	$197,500	4	2	3,123	3,123 SqFt
22 Jones Avenue, Norwich, NY, 13815	$149,900	3	1	1,325	1,325 SqFt

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ByOwner last updated this listing 06/16/2026 @ 16:26

MLS: R1688679 LISTED BY: Deborah Sutton, Howard Hanna 607-336-8080 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)