1 of 17

Want to see this home?

125 Water Street

Franklin, NY 13775

1 bed
1 bath
2,400 sqft
10,890 sqft lot
$74 per sqft
1850 build
– on site

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.

Listing courtesy of ONEKEY / Compass Greater NY, LLC

Last checked: Checking… • Last updated Jul 9, 2025 •

MLS# 884711 —

The Building

Year Built:

1850
Basement:

true
Architectural Style:

Farmhouse
Construction Materials:

Blown-In Insulation, Wood Siding
Building Area Units:

Square Feet
Attic:

None

Interior

Living Area:

2400
Total Rooms:

8
Interior Features:

First Floor Full Bath, Crown Molding, Eat-in Kitchen, Entrance Foyer, Formal Dining, Open Floorplan, Open Kitchen, Original Details, Washer/Dryer Hookup
Fireplace:

false
Flooring:

Hardwood
Living Area Source:

Public Records

Financial & Terms

Lease Considered:

false

The Property

Lot Size Acres:

0.25
Parcel Number:

123201-097-008-0003-020-000
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Size SqFt:

10,890 Sqft
Property Attached:

false
Additional Parcels:

false
Waterfront:

false
Water Access:

No
Horse:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Source:

Municipality
Tax Annual Amount:

1625.5

Beds

Total Bedrooms:

1

Baths

Full Baths:

1
Total Baths:

1

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Cooling:

None

Utilities

Sewer:

Public Sewer
Utilities:

Cable Available, Electricity Available, Electricity Connected, Trash Collection Public, Water Connected
Water Source:

Public

Appliances

Appliances:

Dryer, Electric Cooktop, Electric Oven, Electric Range

Schools

High School:

Franklin Central School
Elementary School:

Franklin Central School
High School District:

Franklin
Middle School:

Franklin Central School
Elementary School District:

Franklin
Middle School District:

Franklin

The Community

Association:

false
Senior Community:

false
Additional Fees:

No
Pool Private:

false
Spa:

false

Parking

Parking Total:

4
Garage:

true
Garage Spaces:

6
Carport:

false

Monthly cost estimate

Asking price

$179,000

Expense	Monthly cost
Mortgage	$958
Taxes	$135
Insurance	$49
Utilities	$243 See report
Total	$1,385/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
7/5/25 Jul 5, 2025	Price Changed	ONEKEY	$179,000	-10.1%
7/2/25 Jul 2, 2025	Listed / Active	ONEKEY	$199,000	65.8% (36.3% / YR)
9/9/23 Sep 9, 2023		NYSAMLS	$120,000

Want a closer look?

Go see 125 Water Street

Or Call Toll Free 1-800-258-2512

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Franklin, NY

Similar sold homes

This house located in Franklin, NY 13775 is currently for sale for $179,000. 125 Water Street is a 2,400 square foot house with 1 bed and 1 bath that has been on Estately for 14 days. This house is in the attendance area of Franklin Central School.

Listing Courtesy of: ONEKEY and Compass Greater NY, LLC.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.