5 S State St Ripley, NY 14775
Estimated payment $1,278/month
About This Home
This is a package deal with 2 W Main St Ripley which is a commercial retail/office building. Welcome to 5 South State Street, a fully renovated two-family home. Both apartments have been completely updated, including new electrical, plumbing, flooring, and walls. The lower unit features 2 bedrooms, 2 bathrooms, and convenient washer/dryer hookups. The upper unit offers 2 bedrooms and 1 bathroom. Both units are fully rented, providing immediate income-producing potential for investors or owner-occupants. ,
Next door is 2 West Main Street is a fixer-upper packed with potential. Sitting on a corner lot, The main level offers spacious commercial space that previously housed the town’s hardware store for many years. Original built-in drawers and cabinetry remain, adding timeless charm and character to this turn-of-the-century building. The first floor is ideal for retail, office, or mixed-use space, with excellent visibility in a high-traffic village location. The upper level is a blank canvas, ready to be transformed into one or two modern apartments or additional office suites. This package deal offers a unique opportunity to own both commercial and residential investment properties in the heart of Ripley, NY, just minutes from Lake Erie and the Pennsylvania state line.
Listing Agent
Listing by ERA Team VP Real Estate Brokerage Phone: 716-397-4382 License #10301224164 Listed on: 11/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,842
Year Built
- Built in 1890
Lot Details
- 10,800 Sq Ft Lot
- Irregular Lot
- 066200-240-012-0003-021-000
Parking
- 6 Car Garage
- Gravel Driveway
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 9,149 Sq Ft Home
- 2-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Utilities
- Baseboard Heating
- Electric Water Heater
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tax Lot 22
- Assessor Parcel Number 066200-240-012-0003-022-000
Map
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 | $1,794 | $49,000 | $2,900 | $46,100 |
| 2023 | $1,165 | $49,000 | $2,900 | $46,100 |
| 2022 | $573 | $10,000 | $2,900 | $7,100 |
| 2021 | $574 | $10,000 | $2,900 | $7,100 |
| 2020 | $827 | $10,000 | $2,900 | $7,100 |
| 2019 | $692 | $10,000 | $2,900 | $7,100 |
| 2018 | $692 | $12,500 | $2,900 | $9,600 |
| 2017 | $1,037 | $12,500 | $2,900 | $9,600 |
| 2016 | $762 | $12,500 | $2,900 | $9,600 |
| 2015 | -- | $12,500 | $2,900 | $9,600 |
| 2014 | -- | $12,500 | $2,900 | $9,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/25/2026 02/25/26 | Price Changed | $199,999 | -9.1% | $22 / Sq Ft |
| 11/15/2025 11/15/25 | For Sale | $220,000 | -- | $24 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $135,000 | None Available | |
| Warranty Deed | $99,000 | None Available | |
| Warranty Deed | $103,000 | -- | |
| Warranty Deed | $32,000 | -- | |
| Deed | $10,000 | Dana Lundberg | |
| Interfamily Deed Transfer | -- | Joel Seachrist | |
| Deed | $12,500 | Joel Seachrist | |
| Deed | -- | Joel Seachrist | |
| Deed | $22,000 | -- | |
| Deed | $22,900 | -- | |
| Deed | $4,750 | -- |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1651018
APN: 066200-240-012-0003-022-000
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Ask me questions while you tour the home.