$649,900
PENDING $30K PRICE DROP

1 Mill Portfolio St Marathon, NY 13803

Estimated payment $4,663/month

Total Views 9,440
18 Beds
9.5 Baths
9,250 Sq Ft
$70 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Baseboard Heating
  • 4 Car Detached Garage
  • Ceiling Fan
  • Level Lot

About This Home

Exceptional investment opportunity in Marathon, NY. This stabilized portfolio includes four buildings totaling 9 units: 4 W Main Street is a duplex, 1 Mill Street is a three family, 6 Mill Street is a duplex, and 8 Warren Street is a duplex. Three properties sit on the same street with the fourth only a block away, creating operational efficiency and strong tenant demand. Fully rented and generating $9,275 per month in gross income, the package delivers a solid 9.5 percent cap rate after expenses. All units offer tenant paid electric heat, laminate flooring, and several freshly painted interiors for easy maintenance and broad renter appeal. An additional single family at 8 Mill Street, currently in need of rehab, can also be included for an additional amount, providing clear value add potential and future upside for investors seeking long term growth.

Listing Agent

Coty Lunn

INNOVATIVE COMMERCIAL ADVISORS License #10401324866 Listed on: 10/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,290

Year Built

  • Built in 1920

Parking

  • 4 Car Detached Garage
  • Driveway

Home Design

  • Wood Siding
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 9,250 Sq Ft Home
  • Ceiling Fan
  • Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 18 Bedrooms

Schools

  • Marathon Elementary School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • Level Lot

Community Details

Overview

  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $4,379
  • Maintenance Expense $5,398
  • Water Sewer Expense $10,565
  • Gross Income $111,300
  • Net Operating Income $64,692

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,290

Year Built

Built in 1920

Lot Details

3 Acres

Parking

4

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 3 acres
  • Professional Management Expense: 8637.0
  • Inclusions: CARBON MONOXIDE DETECTOR,SMOKE DETECTORS
  • Ownership: OWNER
  • Directions: Located in the charming town of Marathon, NY, this property offers investors a prime opportunity to be part of a vibrant and thriving community. Surrounded by picturesque landscapes and a strong sense of community, the area provides a peaceful respite from the hustle and bustle of city life. Nearby points of interest such as the historic Marathon Village Hall and the tranquil Gracie Reiser Park offer a glimpse into the area's rich heritage and provide serene settings for relaxation and inspiration. With its convenient access to local amenities and a welcoming atmosphere, Marathon presents an enticing opportunity for multi-family investors looking to be part of a close-knit and welcoming community. 221 WEST, OVER BRIDGE-RIGHT ON MILL STREET
  • Above Grade Finished Sq Ft: 9250.0
  • Architectural Style: Multi-Family
  • Garage Yn: Yes
  • Year Built: 1920
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Total Bedrooms: 18
  • Flooring: Carpet, Vinyl
  • Living Area: 9250.0

Exterior Features

  • Lot Features: Level
  • Construction Type: Aluminum Siding, Vinyl Siding, Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Driveway, Detached, Garage, Two Car Garage, Parking Space(s)

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 10565.0

Schools

  • Elementary School: Marathon
  • Junior High Dist: Marathon

Lot Info

  • Zoning Description: Multi-Family
  • Zoning: Multi-Family

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 111300.0
  • Insurance Expense: 4379.0
  • Maintenance Expense: 5398.0
  • Property Net Operating Income: 64692.0
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 4

Tax Info

  • Tax Annual Amount: 14290.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2026 02/23/26 Pending -- -- --
12/05/2025 12/05/25 Price Changed $649,900 -4.4% $70 / Sq Ft
10/24/2025 10/24/25 For Sale $679,900 -- $74 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Source: Greater Binghamton Association of REALTORS®

MLS Number: 333486

New York Cortland County Marathon 13803

1 Mill Portfolio St, Marathon, NY

Pending

MultiFamily

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Listing Agent
Coty Lunn
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INNOVATIVE COMMERCIAL ADVISORS
(607) 527-2669
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