This is a package deal with 2 W Main St Ripley which is a commercial retail/office building.
Welcome to 5 South State Street, a fully renovated two-family home. Both apartments have been completely updated, including new electrical, plumbing, flooring, and walls. The lower unit features 2 bedrooms, 2 bathrooms, and convenient washer/dryer hookups. The upper unit offers 2 bedrooms and 1 bathroom. Both units are fully rented, providing immediate income-producing potential for investors or owner-occupants. ,
Next door is 2 West Main Street is a fixer-upper packed with potential. Sitting on a corner lot, The main level offers spacious commercial space that previously housed the town’s hardware store for many years. Original built-in drawers and cabinetry remain, adding timeless charm and character to this turn-of-the-century building. The first floor is ideal for retail, office, or mixed-use space, with excellent visibility in a high-traffic village location. The upper level is a blank canvas, ready to be transformed into one or two modern apartments or additional office suites.
This package deal offers a unique opportunity to own both commercial and residential investment properties in the heart of Ripley, NY, just minutes from Lake Erie and the Pennsylvania state line.
Active
Price cut: $20K (2/25)
$199,999
5 S State St, Ripley, NY 14775
4beds
9,149sqft
Duplex, Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$22/sqft
$-- HOA
What's special
Fully renovated two-family homeCorner lot
- 150 days |
- 227 |
- 9 |
Zillow last checked:
Listing updated:
Listing by:
ERA Team VP Real Estate 716-413-0200,
AnnaMarie Bennett 716-397-4382
Source: NYSAMLSs,MLS#: R1651018
Originating MLS: Chautauqua-Cattaraugus
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Baseboard
Appliances
- Included: Electric Water Heater
Features
- Flooring: Luxury Vinyl
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 9,149
- Total interior livable area: 9,149 sqft
Property
Parking
- Total spaces: 6
- Parking features: Gravel, Two or More Spaces, Unpaved
- Garage spaces: 6
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,800 Square Feet
- Features: Irregular Lot
Details
- Additional parcels included: 0662002400120003021000
- Parcel number: 0662002400120003022000
- Zoning description: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Aluminum Siding, Frame, Vinyl Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- Resale
- Year built: 1890
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Ripley
Financial & listing details
- Price per square foot: $22/sqft
- Tax assessed value: $49,000
- Annual tax amount: $2,842
- Date on market: 11/15/2025
- Listing terms: Cash,Private Financing Available,Rehab Financing
Estimated market value
Not available
Estimated sales range
Not available
$1,190/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Price change | $199,999-9.1%$22/sqft |
Source: | ||
| 11/15/2025 | Listed for sale | $220,000+113.6%$24/sqft |
Source: | ||
| 9/24/2018 | Sold | $103,000+221.9%$11/sqft |
Source: Public Record Report a problem | ||
| 6/5/2018 | Sold | $32,000+220%$3/sqft |
Source: Public Record Report a problem | ||
| 4/27/2017 | Sold | $10,000-20%$1/sqft |
Source: Public Record Report a problem | ||
| 5/16/2013 | Sold | $12,500-45.4%$1/sqft |
Source: Public Record Report a problem | ||
| 11/25/1998 | Sold | $22,900+382.1%$3/sqft |
Source: Public Record Report a problem | ||
| 11/7/1996 | Sold | $4,750$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $49,000 |
| 2024 | -- | $49,000 |
| 2023 | -- | $49,000 +390% |
| 2022 | -- | $10,000 |
| 2021 | -- | $10,000 |
| 2020 | -- | $10,000 |
| 2019 | -- | $10,000 -20% |
| 2018 | -- | $12,500 |
| 2017 | $297 | $12,500 |
| 2016 | -- | $12,500 |
| 2015 | -- | $12,500 |
| 2014 | -- | $12,500 -39% |
| 2013 | -- | $20,500 |
| 2012 | -- | $20,500 |
| 2011 | -- | $20,500 |
| 2010 | -- | $20,500 |
| 2009 | -- | $20,500 -22.6% |
| 2008 | -- | $26,500 -1.5% |
| 2007 | -- | $26,900 |
| 2006 | -- | $26,900 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 14775
Nearby schools
GreatSchools rating
- 6/10Ripley Central SchoolGrades: PK-6Distance: 0.1 mi
- 7/10North East Middle SchoolGrades: 6-8Distance: 7 mi
- 5/10North East High SchoolGrades: 9-12Distance: 6.7 mi
Schools provided by the listing agent
- District: Ripley
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Chautauqua County
- Ripley
- 14775
- 5 S State St

