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1 Main Street, Cherry Valley 1 Main St 10 Unit Apartment Building $699,999 ($70,000/Unit) Cherry Valley, NY 13320
Investment Highlights
- 9+ Residential Apartments
- Corner Lot
Executive Summary
Commanding the corner in the heart of Historic Cherry Valley, 1 Main Street is a landmark mixed-use investment property offering over 9,000 square feet of income-producing space. This impressive multi-story brick building blends timeless architecture with strong commercial visibility, featuring a ground-level storefront and 9+ residential apartments above. Its prominent Main Street location places tenants and customers within steps of village shops, dining, and local amenities, while the building’s classic brick façade, wraparound porches, and corner presence create undeniable curb appeal. The scale and layout of the property present exceptional flexibility for investors seeking steady rental income, future value-add potential, or a flagship asset in a charming historic community. With multiple revenue streams already established and room to enhance long-term returns, this is a rare opportunity to own one of Cherry Valley’s signature buildings. Whether expanding a portfolio or securing a cornerstone investment in a desirable village setting, 1 Main Street delivers location, character, and opportunity in one compelling package.
Property Facts
| Price | $699,999 | Building Class | C |
| Price Per Unit | $70,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 9,630 SF |
| No. Units | 10 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | COM 1 | ||
| Price | $699,999 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,630 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | COM 1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 21 | - | - |
| 1+1 | 34 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 362401-058-014-0001-005-000-0000 | Improvements Assessment | $189,000 |
| Land Assessment | $11,000 | Total Assessment | $200,000 |
Property Taxes
Parcel Number
362401-058-014-0001-005-000-0000
Land Assessment
$11,000
Improvements Assessment
$189,000
Total Assessment
$200,000
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1 Main Street, Cherry Valley | 1 Main St
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