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3115 State Route 28, Old Forge, NY 13420

$499,000
Property Type: Commercial Sale Square Footage: 1,460 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $499,000 List Date: 4/06/2026 Last Modified: 4/06/2026

Description

Charming 3-unit apartment building, year-round investment commercial building located on the bustling Main St in Old Forge, NY. This fully renovated property features three spacious 1 bedroom apartments. With all furnishings included, this turn-key investment is ready for immediate occupancy. Two units are rented as Air BnBs and the 3 rd unit has a year lease tenant. Priced at $499,000, it offers a unique opportunity to own a prime piece of real estate in a highly desirable location in town.

More Information MLS# 203857

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $499,000 Original List Price: 529000 List Price: $499,000 Status: Active Listing Contract Date: 2025-01-31 Property Sub Type: Multi Family Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 2518.8 Land Tax Annual Amount: 1973.23 APA: Moderate Intensity Deed Date: 2023-08-21

General Property Information

Tax Assessed Value: 221245 Enhanced Accessible: No Horse YN: No Stories Total: 2 Building Area Total: 1460 Year Built: 1900 Open Parking YN: 1 Open Parking Spaces: 6 Parking Total: 6 Lot Size Acres: 0.14 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-04-06 Back on Market Date: 2026-04-06 Major Change Timestamp: 2026-04-06T13:07:11Z Major Change Type: Status Change Price Change Timestamp: 2025-03-20T12:06:46Z

Appliances

Electric Oven: 1 Electric Water Heater: 1 Free-Standing Electric Oven: 1 Free-Standing Electric Range: 1 Free-Standing Refrigerator: 1 Microwave: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Water Heater: 1

Basement

Unfinished: 1

Construction Materials

Batts Insulation: 1 Vinyl Siding: 1 Wood Siding: 1

Cooling

Wall/Window Unit(s): 1 Window Unit(s): 1

Deed Details

Instrument: Deed Page: 3927

Documents Available

Deed: 1 Lead Paint: 1 Leases: 1 Property Condition: 1 Survey: 1

Electric

200+ Amp Service: 1 Circuit Breakers: 1

Exemptions

No Exemptions: 1

Exterior Features

None: 1

Fencing

Back Yard: 1

Flooring

Carpet: 1 Laminate: 1

Foundation Details

Block: 1

Frontage Type

Commercial: 1

Green Energy Efficient

Insulation: 1 Roof: 1 Water Heater: 1

Heating

Tank Location: Basement Forced Air: 1 Oil: 1 Wall Furnace: 1

Laundry Features

None: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Corner Lot: 1

Parking Features

None: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

Public: 1 State Road: 1

Road Surface Type

Paved: 1

Roof

Asphalt: 1 Shingle: 1

Security Features

Security Lights: 1

Sewer

Public Sewer: 1

Structure Type

House: 1 Multi Family: 1

Utilities

Cable Connected: 1 Electricity Connected: 1 Internet Connected: 1 Natural Gas Not Available: 1 Sewer Connected: 1 Water Connected: 1

Owner Pays

All Utilities: 1 Cable TV: 1 Electricity: 1 Grounds Care: 1 Insurance: 1 Repairs: 1 Snow Removal: 1 Taxes: 1

Tenant Pays

None: 1 See Remarks: 1

Building Features

Apartments: 1 Commercial/Residential: 1 Kitchen: 1

Included

Furniture: 1 Inventory: 1

Unit One

Unit Name: 1St FL A Lease Rate: 1350.00 Lease Expires: 2026-09-01

Unit Two

Unit Name: 2nd FL A

Unit Three

Unit Name: 1ST Fl B

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1

Location Tax and Legal

Street Number: 3115 Street Name: State Route 28 County: Herkimer State: NY Postal Code: 13420 Subdivision Name: None MLS Area Major: Old Forge, Inlet, Eagle Bay, Big Moose Township: Webb School District: Town of Webb UFSD Parcel Number: 041.51-1-69.2 Zoning: Commercial Directions: As you drive into the town of Old Forge, past the town center at the 5 corners, continue and building is on the left next to the Blue Line Coffee Shop.

Unit Details

Number Of Units Leased: 3

Property Features

Appliances: Electric Oven; Electric Water Heater; Free-Standing Electric Oven; Free-Standing Electric Range; Free-Standing Refrigerator; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Water Heater Basement: Unfinished Building Features: Apartments; Commercial/Residential; Kitchen Construction Materials: Batts Insulation; Vinyl Siding; Wood Siding Cooling: Wall/Window Unit(s); Window Unit(s) Documents Available: Deed; Lead Paint; Leases; Property Condition; Survey Electric: 200+ Amp Service; Circuit Breakers Exemptions: No Exemptions Exterior Features: None Fencing: Back Yard Flooring: Carpet; Laminate Foundation Details: Block Frontage Type: Commercial Green Energy Efficient: Insulation; Water Heater Heating: Forced Air; Oil; Wall Furnace Included: Furniture; Inventory Laundry Features: None Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: All Utilities; Cable TV; Electricity; Grounds Care; Insurance; Repairs; Snow Removal; Taxes Parking Features: None Property Condition: Updated/Remodeled Road Frontage Type: Public; State Road Road Surface Type: Paved Roof: Asphalt; Shingle Security Features: Security Lights Sewer: Public Sewer Structure Type: House; Multi Family Tenant Pays: None; See Remarks Utilities: Cable Connected; Electricity Connected; Internet Connected; Natural Gas Not Available; Sewer Connected; Water Connected Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Courtesy of Timm Associates Sothebys International Realty
IDX
Information deemed reliable but not guaranteed.