Under Contract

202 Main Street

Newfield, NY 14867
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Bed 5

Bed

Bath 4

Bath

SqFt2,717

Sqft

Acres0.24

Acre(Lot)

Exceptional investment opportunity in a stunning historic building filled with timeless character and architectural charm. This well-maintained property features four apartments, each with separate utilities, allowing tenants to pay their own heat and electric — a major advantage for expense control and predictable ownership costs. The building boasts an outstanding rental history, with long-term tenants and almost no vacancy in over 20 years, reflecting strong demand and attentive ownership. Apartment #4 was completely gutted and thoughtfully remodeled, blending modern updates with the property’s historic appeal. With excellent financials and a proven track record of stability, this turnkey investment offers reliable cash flow and minimal management stress. Be sure to view the virtual tou rs to fully appreciate the layout, updates, and character of each unit. A rare opportunity to own a proven, income-producing property with decades of consistent performance.

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Detail Ic Property Details

Property Type : Residential

Price : $299,000

AD Id : 75571079

MLS Id : R1663088

Beds : 5

Lot Size : 0.24 Acre

Living Area Size : 2,717

Year Built : 1895

County : Tompkins

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

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

    Carpet, Hardwood, Laminate, Varies
  • Roofing Information

    Asphalt
  • Interior Features

    Other, See Remarks Roof: Asphalt Appliances: Electric Water Heater, Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Baseboard, Forced Air, Natural Gas

  • Building Information

    Year Built: 1895 Building Area Total: 2717 Construction Materials: Blown-In Insulation, Vinyl Siding Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 81X140 Main Square Feet: 0.24 Acres Lot Size Acres: 0.24 Lot Description: Other, Rectangular Lot, See Remarks

  • Listing Price Information

    Listing Price: $299000 Original Price: $320000 Cash, Conventional

  • Tax Information

    Parcel Number: 503400-013-000-0003-018-001-0000 Annual Tax: $4464

  • School Information

    Elementary School: Newfield Elementary
    Junior High School:
    Senior High School:
  • Utility Information

    Sewer Connected, Water Connected, Cable Available, Propane
  • Location Information

    Direction: On Main St in Newfield Hamlet. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
51 Shelter Valley Road, Newfield, NY, 14867 $235,000 5 3 2,056 2,056 SqFt
10 Shaffer Road, Newfield, NY, 14867 $310,000 4 -- 4,512 4,512 SqFt
15-19 Pearl Street, Newfield, NY, 14867 $225,000 4 3 1,419 1,419 SqFt
211 Main Street, Newfield, NY, 14867 $369,000 4 4 3,820 3,820 SqFt
211 Main Street, Newfield, NY, 14867 $369,000 5 -- 3,820 3,820 SqFt
728 Millard Hill Road, Newfield, NY, 14867 $400,000 8 4 3,360 3,360 SqFt
10 Sebring Road, Newfield, NY, 14867 $159,900 2 2 1,164 1,164 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Ithaca Board of REALTORS®, Inc. 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 Ithaca Board of REALTORS®, Inc. All rights reserved.

ByOwner last updated this listing 06/11/2026 @ 10:32

MLS: R1663088 LISTED BY: Grace Petrisin, Warren Real Estate of Ithaca Inc. (Downtown) 607-257-0666 SOURCE: Ithaca Board of REALTORS

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