125 Water Street, Franklin, NY 13775
Local realty services provided by:Better Homes and Gardens Real Estate Safari Realty



125 Water Street,Franklin, NY 13775
$179,000
- 1 Beds
- 1 Baths
- 2,400 sq. ft.
- Single family
- Active
Listed by:catherine quintard
Office:compass greater ny, llc.
MLS#:884711
Source:One Key MLS
Price summary
- Price:$179,000
- Price per sq. ft.:$74.58
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.
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Home facts
- Year built:1850
- Listing Id #:884711
- Added:43 day(s) ago
- Updated:August 08, 2025 at 11:43 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Living area:2,400 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1850
- Building area:2,400 sq. ft.
- Lot area:0.25 Acres
Schools
- High school:Franklin Central School
- Middle school:Franklin Central School
- Elementary school:Franklin Central School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$179,000
- Price per sq. ft.:$74.58
- Tax amount:$1,626 (2024)
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