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Esther de Jong
Licensed Associate Real Estate Broker
REALTOR®
Cell: (718) 801-9398
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42204 State Hwy 28, Margaretville, NY 12455

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Property 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.

42204 State Hwy 28 | MLS# R1700551

This home located at 42204 State Hwy 28, Margaretville, NY 12455 is currently listed for sale with an asking price of $499,000. This property was built in 1889 and has 8 bedrooms and 4 full baths with 1664 sq. ft. State Hwy 28 is located within the Margaretville school district. Search Margaretville real estate on esther-dejong.timberlandproperties.com today.

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Property Features

Property Type: Residential - Multiple
Basement: Full
Cooling: Zoned, Attic Fan, Window Unit(s)
Fireplaces: 1
Garage: 2
Heating: Oil, Zoned, Baseboard, Hot Water, Wood
Home Style: Triplex
Lot Size: 1.02 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $5,327
Year Built: 1889

Amenities

Ceiling Fan(s)
Cathedral Ceiling(s)
Sliding Glass Door(s)
Natural Woodwork
Patio
Private Yard
See Remarks

Feature Descriptions

Appliances: Electric Water Heater, Oil Water Heater
Days on Site: 2
Door Features: Sliding Doors
Exterior: Frame, Vinyl Siding, Copper Plumbing, PEX Plumbing
Flooring: Ceramic Tile, Hardwood, Varies, Vinyl
Lot: Irregular Lot, Near Public Transit, Residential Lot
Lot Dimensions: 160X301
Parcel#: 306.7-8-10
Parking: Parking Available, Two or More Spaces
Parking Notes: Parking Available, Two or More Spaces
Patio/Porch: Patio
Security: Security System Leased
Sewer: Connected
Units: 3
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public, Well
Window: Thermal Windows

Local Schools

High School: Margaretville Central
School District: Margaretville

Estimate Your Payment

Estimated Payment

$ 1,700.02 per month $1,110.56 Principal & Interest $443.92 Property Tax $145.54 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Keller Williams Upstate NY Properties
Agency Contact: 845-853-3255

Shown By

Agent Name: Esther de Jong
Agent Phone: Cell: (718) 801-9398
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 08/24/2026. The listing information on this page last changed on 08/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 08/24/2026 8:42:10 AM EST) or Global MLS (last updated Mon 08/24/2026 8:19:11 AM EST) or New York State Alliance MLS (last updated Mon 08/24/2026 8:40:39 AM EST) or Hudson Valley Catskill Region MLS (last updated Mon 08/24/2026 8:41:25 AM EST) or OneKey MLS (last updated Mon 08/24/2026 8:36:24 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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