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5039 Main Street

South Fallsburg, NY 12779
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Bed 3

Bed

Bath 4

Bath

Acres0.70

Acre(Lot)

Rare South Fallsburg Main Street investment opportunity, ideally offered together with adjoining 5033 Main Street. Sitting on approximately 0.70 acres, this property features flexible B3 zoning with potential for residential, commercial, mixed-use, mobile-home-related uses, and other future-use possibilities, all subject to municipal approvals. This zoning creates strong long-term potential for investors, owner-users, builders, or buyers seeking a well-located Main Street property with income and future upside. The property includes three residential structures: a primary two-unit home with main and lower-level units, plus an additional renovated bungalow/cottage. Current rent is approximately $4,000/month with possible upside. The main unit was recently painted and had basic updates, off ering kitchen, dining area, living area, 3 bedrooms on one floor, plus a staircase to a spacious attic room. The lower-level unit was completely renovated recently and is in beautiful, like-new condition, featuring porcelain tile flooring throughout, a new kitchen, spacious rooms, and 2 bathrooms. The rear bungalow/cottage was also renovated and includes a new kitchen. Recent improvements include a brand-new septic system, new fence, and swing set/playground area. Prime location near Main Street amenities, seasonal communities, bungalow colonies, camps, resorts and other nearby attractions. Adjoining 5033 Main Street MLS#000029 is also available and ideally offered together with this property, creating a larger Main Street package totaling approximately 1.46 acres with approximately $6,000/month in combined reported rental income. Buyer to verify zoning, permitted uses, COs, legal unit count, rents, leases, square footage, taxes, septic, utilities, and municipal requirements.

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Detail Ic Property Details

Property Type : Residential Income

Price : $850,000

AD Id : 78886079

MLS Id : 998725

Beds : 3

Lot Size : 0.70 Acre

Year Built : 1951

County : Sullivan

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Cooling: None

  • Building Information

    Year Built: 1951 Building Area Total: 2571 Construction Materials: Vinyl Siding Private Pool: No

  • Lot Information

    Lot Size Acres: 0.7 Lot Size Square Feet: 30492 Lot Description: Back Yard, Front Yard, Private

  • Listing Price Information

    Listing Price: $850000

  • Tax Information

    Parcel Number: 2889-054-0-0001-004-000 Tax Block: 1 Annual Tax: $6335.47

  • Parking Information

    Parking Lot, Private

  • School Information

    Elementary School: Benjamin Cosor Elementary School
    Junior High School: Fallsburg Junior-Senior High School
    Senior High School: Fallsburg Junior-Senior High School
  • Utility Information

    Electricity Connected
  • Location Information

    Direction: Route 42 / Main Street in South Fallsburg. Property located on Main Street. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5017 S Fallsburg Main S.., South Fallsburg, NY, 12779 $569,000 9 5 --

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. 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 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/23/2026 @ 05:11

MLS: 998725 LISTED BY: Joel Brach, Keller Williams Realty 845-928-8000 SOURCE: OneKey MLS

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