An incredible opportunity! This 4 unit multi-family, on the State Highway corridor leading into Margaretville, has a multitude of potential uses and configurations. Keep the existing 4 apartments (2 one bedrooms and 2 studios) or convert into two retail spaces, well-suited for a gallery, shop or salon. The entire building, with its proximity to Margaretville Hospital, would be an ideal medical office, with existing reception area and multiple patient rooms. Central AC and heat, sprinkler system and many new upgrades. High ceilings throughout. Unique chance to have one or two front-facing retail spaces, while living in, or renting, the apartments in the rear of the building. 2 hours and 15 min from the GWB!
Under contract
$399,000
42981 State Highway 28, Arkville, NY 12406
3beds
5,404sqft
Mixed Use, Quadruplex, Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$74/sqft
$-- HOA
What's special
Central ac and heatFront-facing retail spacesState highway corridorSprinkler system
- 80 days
- on Zillow |
- 141 |
- 12 |
Zillow last checked: 8 hours ago
Listing updated: August 08, 2025 at 02:42am
Listing by:
Jewett and Jewett LLC 802-578-0731,
Douglas B. Clarke 347-325-2698
Source: NYSAMLSs,MLS#: R1611988
Originating MLS: Otsego-Delaware

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Oil, Forced Air
Cooling
- Central Air, Window Unit(s), Wall Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Ceiling Fan(s), Storage, Natural Woodwork
- Flooring: Hardwood, Tile, Varies
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 5,404
- Total interior livable area: 5,404 sqft
Property
Parking
- Parking features: Gravel, Parking Available, Two or More Spaces
Features
- Levels: One
- Stories: 1
- Exterior features: Dock, See Remarks
Lot
- Size: 0.43 Acres
- Dimensions: 86 x 182
- Features: Near Public Transit, Rectangular, Rectangular Lot
Details
- Parcel number: 307.1146
- Zoning description: Other - See Remarks
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Mixed Use, Quadruplex, Multi Family
Materials
- Frame, PEX Plumbing
- Foundation: Block
- Roof: Flat,Membrane,Rubber
Condition
- Resale
- Year built: 1970
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Arkville
Financial & listing details
- Price per square foot: $74/sqft
- Tax assessed value: $371,666
- Annual tax amount: $7,743
- Date on market: 6/4/2025
- Listing terms: Cash,Conventional
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