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42204 State Hwy 28

Margaretville, NY 12455

$499,000 $2,103/Mo

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Overview

Bed

Bath

1,664

Sqft

1.02

Acres(Lot)

Description

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.

Property Details

Property Type : Residential Income

Price : $499,000

AD Id : 89930383

MLS Id : 20264865

Beds : 4

Lot Size : 1.02 Acres

Living Area Size : 1,664

Year Built : 1889

Garage : 1

County : Delaware

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What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 2

Room Information

Has Basement: Yes Basement: Concrete, Walk-Up Access
Flooring Information

Ceramic Tile, Hardwood, Linoleum, Vinyl, Wood
Roofing Information

Asphalt, Shingle
Interior Features

Beamed Ceilings, Ceiling Fan(s), Coffered Ceiling(s), Eat-in Kitchen, High Ceilings, High Speed Internet, Laminate Counters, Natural Woodwork, Pantry, Storage Roof: Asphalt, Shingle Appliances: Built-In Electric Range, Dryer, Electric Water Heater, Free-Standing Electric Oven, Refrigerator, Range Hood, Washer, Water Heater Laundry Features: Laundry Room, Main Level, Sink Window Features: Bay Window(s), Insulated Windows, Screens, Window Coverings, Window Treatments
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Fireplace(s), Hot Water, Oil, Separate Meters, Varies by Unit, Wood Has Cooling: Yes Cooling: Ceiling Fan(s), Wall/Window Unit(s)

Building Information

Year Built: 1889 Building Area Total: 1664 Construction Materials: Frame, Vinyl Siding Frontage Length: 160 ft Patio And Porch Features: Deck, Front Porch, Glass Enclosed, Patio Pool Features: None Private Pool: No View: Downtown, Mountain(s), Trees/Woods
Exterior Features

Exterior Features: Garden, Lighting, Private Entrance, Private Yard, Rain Gutters

Lot Information

Main Square Feet: 1.02 Acres Lot Size Acres: 1.02 Lot Size Square Feet: 44431.2 Lot Description: Sloped, Back Yard, Garden, Gentle Sloping, Landscaped, Private, Views

Listing Price Information

Listing Price: $499000 Cash, Conventional

Tax Information

Parcel Number: 124603 306.7-8-10 Tax Lot: 10 Tax Block: 8 Tax Year: 2025 Annual Tax: $5326 Tax Legal Desc: 306.7-8-10

Parking Information

Common, Lighted, Open, Off Street

Garage Information

Has Garage: Yes Garage Space: 1

Utility Information

Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Location Information

WaterSource: Private, Public, Well Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Ulster County Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Ulster County Board of REALTORS®, Inc.

ByOwner last updated this listing 08/30/2026 @ 16:22

MLS: 20264865 LISTED BY: Pamela Jean Orr, Keller Williams Upstate NY Pro SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)

42204 State Hwy 28

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