Welcome to 125 Water Street a spacious 1850 Greek Revival Farmhouse in the heart of Franklin, NY, where the charm of small-town living meets big potential.
Located on a quiet corner lot just steps from the Franklin Stage Company, parks, shops, and the town pool, this property is ideally situated within a village undergoing an exciting transformation fueled by incoming creative endeavors and a newly awarded Main Street revitalization grant.
A renovation on the home has started with the heavy lifting already done: a solid foundation, upgraded electric and plumbing, new insulation, and water systems are in place. What remains is a unique opportunity to finish the renovation with your own vision and style. Period woodwork and architectural details remain intact, offering warmth and texture that's hard to replicate. The front of the home has a large kitchen and dining area that has a door to the wrap around porch. There are two large living spaces on this level, and a large architectural staircase leads up to the second floor primary. In the rear of the home, a massive garage/studio offers endless possibilities tall enough for an RV, boat, diesel truck, or even multiple vehicles. With flexible zoning and ample square footage, the unfinished portion of the home also presents the potential to add 2-4 separate apartments ideal for rental income, extended family, a massive creative studio, or a live/work compound. Franklin is a picturesque and quietly buzzing village surrounded by the rolling hills of the western Catskills. If you're looking for a spacious home with room to dream, design, and grow 125 Water Street is ready to become your next chapter.
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.
Active
Price cut: $20K (7/5)
$179,000
125 Water Street, Franklin, NY 13775
3beds
2,400sqft
Single Family Residence
Built in 1850
0.25 Acres Lot
$190,800 Zestimate®
$75/sqft
$-- HOA
What's special
Architectural staircaseWrap around porchCorner lotTwo large living spaces
- 74 days
- on Zillow |
- 922 |
- 31 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 09:40am
Listing by:
Compass Greater NY, LLC 838-877-8283,
Nigel Hall
Source: HVCRMLS,MLS#: 20251802

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Water Heater, Washer, Free-Standing Electric Range, Electric Water Heater, Electric Oven, Dryer, Dishwasher
Features
- Flooring: Hardwood
- Basement: Dirt Floor
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Garage - Attached
- Attached garage spaces: 7
Features
- Stories: 2
- Fencing: Back Yard,Front Yard
Lot
- Size: 0.25 Acres
Details
- Parcel number: 1232010970080003020000
- Zoning: res
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Greek Revival
- Property subtype: Single Family Residence
Materials
- Foundation: Block
Condition
- New construction: No
- Year built: 1850
Community & HOA
Community
- Features: Park, Playground, Pool, Restaurant, Sidewalks, Street Lights
HOA
- Has HOA: No
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $50,000
- Annual tax amount: $2,398
- Date on market: 8/7/2025
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