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Mill Street Package

$679,900

Mill Street Package, Marathon, NY 13803

Active
Last Updated: 10/29/2025

9,250 sqft

Building Size

100

Occupancy

Details:
Building Size:    9,250 sqft
Occupancy:    100%
Units:    9
Highlights:
  • - 4 properties located within a block of each other
  • - 9 units for diversified income
  • - 100% occupancy for immediate income
  • - Well-maintained structure for low maintenance costs
  • - Desirable unit layout for tenant appeal
  • - Convenient location in Marathon for accessibility
  • - Strong investment potential in a thriving rental market
  • - Proven track record of successful rental income
  • - Prime opportunity for multifamily investment
Description:

Exceptional investment opportunity in Marathon, NY—three duplexes and one triplex offering a total of 9 units, with three properties on the same street and the fourth just a block away. Fully rented and stabilized, this turnkey portfolio generates $9,275/month in gross income and delivers a strong 9.5% cap rate after all expenses. All units feature electric heat (tenant-paid), laminate flooring, and several freshly painted interiors for easy maintenance and modern appeal. Investors will appreciate the consistent cash flow and minimal owner expenses. A single-family home on the same street, currently in need of repairs, can also be included for additional value and future upside for an extra price. Start earning from day one with this well-maintained, high-performing multifamily package.

Located in the charming town of Marathon, NY, this property offers investors a prime opportunity to be part of a vibrant and thriving community. Surrounded by picturesque landscapes and a strong sense of community, the area provides a peaceful respite from the hustle and bustle of city life. Nearby points of interest such as the historic Marathon Village Hall and the tranquil Gracie Reiser Park offer a glimpse into the area's rich heritage and provide serene settings for relaxation and inspiration. With its convenient access to local amenities and a welcoming atmosphere, Marathon presents an enticing opportunity for multi-family investors looking to be part of a close-knit and welcoming community.

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