125 Water St Franklin, NY 13775
Estimated payment $1,127/month
Total Views
5,827
1
Bed
1
Bath
2,400
Sq Ft
$75
Price per Sq Ft
Highlights
- Wood Flooring
- Formal Dining Room
- Crown Molding
- Farmhouse Style Home
- Eat-In Kitchen
- Entrance Foyer
About This Home
Investment Opportunity with Income & Business Potential in Franklin, NY
125 Water Street is a rare find in the heart of Franklin — a spacious 1850 Greek Revival farmhouse on a corner lot, offering serious potential to generate multiple income streams. With flexible zoning, ample square footage, and major infrastructure upgrades already in place, this property is primed for transformation into a smart investment.
The front of the home is well on its way, featuring a large kitchen, dining area, two generous living spaces, and a dramatic staircase leading to an unfinished massive primary suite. Period woodwork and historic details add character, while behind the scenes, key systems — including foundation, electric, plumbing, water, and insulation — have already been upgraded.
A wrap around porch runs from the kitchen to the living room with the small-town charm we all crave. Large light filled living spaces have access to the covered front porch.
The rear of the property is where the opportunity truly expands: a massive two-story garage/studio space tall enough to house trucks, RVs, or large equipment. This space could serve as a base for a contractor, service business, or creative enterprise — or be converted into rental units.
Located in a revitalizing Catskills village with a new Main Street grant and thriving creative energy, this is a strategic opportunity to invest in both real estate and community.
Minutes to Oneonta, Cooperstown All Star Village, 1 hr 15 minutes to ski resorts and 3 hrs 15 mins to NYC. The property is being sold, as-is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,626
Year Built
- Built in 1850
Lot Details
- 0.25 Acre Lot
Parking
- 6 Car Garage
Home Design
- Farmhouse Style Home
- Blown-In Insulation
- Wood Siding
Interior Spaces
- 2,400 Sq Ft Home
- Crown Molding
- Entrance Foyer
- Formal Dining Room
- Wood Flooring
- Eat-In Kitchen
- Dryer
- Unfinished Basement
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Schools
- Franklin Central Elementary And Middle School
- Franklin Central High School
Utilities
- No Cooling
- Heating Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 123201-097-008-0003-020-000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,622 | $50,000 | $18,000 | $32,000 |
| 2023 | $1,596 | $50,000 | $18,000 | $32,000 |
| 2022 | $1,552 | $50,000 | $18,000 | $32,000 |
| 2021 | $1,862 | $50,000 | $18,000 | $32,000 |
| 2020 | $5,542 | $96,000 | $9,000 | $87,000 |
| 2019 | $5,256 | $96,000 | $9,000 | $87,000 |
| 2018 | $5,256 | $96,000 | $9,000 | $87,000 |
| 2017 | $4,997 | $96,000 | $9,000 | $87,000 |
| 2016 | $5,008 | $96,000 | $9,000 | $87,000 |
| 2015 | -- | $96,000 | $9,000 | $87,000 |
| 2014 | -- | $96,000 | $9,000 | $87,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/05/2025 07/05/25 | Price Changed | $179,000 | -10.1% | $75 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $199,000 | -33.4% | $83 / Sq Ft |
| 05/30/2025 05/30/25 | For Sale | $299,000 | +149.2% | $125 / Sq Ft |
| 09/09/2023 09/09/23 | Sold | $120,000 | +0.1% | $50 / Sq Ft |
| 06/12/2023 06/12/23 | Pending | -- | -- | -- |
| 03/15/2023 03/15/23 | Price Changed | $119,900 | -11.2% | $50 / Sq Ft |
| 03/14/2023 03/14/23 | Price Changed | $135,000 | -2.9% | $56 / Sq Ft |
| 11/17/2022 11/17/22 | For Sale | $139,000 | -- | $58 / Sq Ft |
Source: OneKey® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $120,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Deed | $70,000 | Dennis Metnick | |
| Deed | -- | Marcley Hilderbrand |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $163,000 | Commercial |
Source: Public Records
Similar Home in Franklin, NY
Source: OneKey® MLS
MLS Number: 884711
APN: 123201-097-008-0003-020-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.
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