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607-282-6242kevin@homesfarmsandland.com

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Property at 1 Main Street, Cherry Valley, NY 13320
ACTIVE
$60,999
$589,000

1 Main StreetCherry Valley, NY, 13320

9,630 SqFt0.15 Acres
Commanding the corner in the heart of Historic Cherry Valley, 1 Main Street is a landmark mixed-use investment property offering over 9,000 square feet of income-producing space. This impressive multi-story brick building blends timeless architecture with strong commercial visibility, featuring a ground-level storefront and 9+ residential apartments above. Its prominent Main Street location places tenants and customers within steps of village shops, dining, and local amenities, while the building’s classic brick façade, wraparound porches, and corner presence create undeniable curb appeal. The scale and layout of the property present exceptional flexibility for investors seeking steady rental income, future value-add potential, or a flagship asset in a charming historic community. With multiple revenue streams already established and room to enhance long-term returns, this is a rare opportunity to own one of Cherry Valley’s signature buildings. Whether expanding a portfolio or securing a cornerstone investment in a desirable village setting, 1 Main Street delivers location, character, and opportunity in one compelling package.
1 / 33

Est. Monthly

$2,792/MO

$589,000
$60,999

1 Main Street, Cherry Valley, NY

9,630 SqFt0.15 Acres

Commanding the corner in the heart of Historic Cherry Valley, 1 Main Street is a landmark mixed-use investment property offering over 9,000 square feet of income-producing space. This impressive multi-story brick building blends timeless architecture with strong commercial visibility, featuring a ground-level storefront and 9+ residential apartments above. Its prominent Main Street location places tenants and customers within steps of village shops, dining, and local amenities, while the building’s classic brick façade, wraparound porches, and corner presence create undeniable curb appeal. The scale and layout of the property present exceptional flexibility for investors seeking steady rental income, future value-add potential, or a flagship asset in a charming historic community. With multiple revenue streams already established and room to enhance long-term returns, this is a rare opportunity to own one of Cherry Valley’s signature buildings. Whether expanding a portfolio or securing a cornerstone investment in a desirable village setting, 1 Main Street delivers location, character, and opportunity in one compelling package.

StatusActive
Property TypeResidential
Property SubtypeMulti Family
Year Built1900
Days on Market102 days

Est. Monthly Payment

$2,791.84

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

1 Main Street

Cherry Valley, NY 13320 • Otsego
—
Beds
—
Baths
9,630
SqFt
0.15
Acres
Status
Active
Property Type
Residential
Property Subtype
Multi Family
Year Built
1900126 years ago
Days on Market
102 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $4,869
Property History
  • Price reduced
    Jun 3, 2026 • NYSAMLS • S1664836
    $649,999 → $589,000
  • Price reduced
    Mar 9, 2026 • NYSAMLS • S1661693
    $725,000 → $699,999
  • Listed for sale
    Mar 3, 2026 • NYSAMLS • S1664836
    $725,000
Mortgage Calculator
Estimated monthly payment for this property
$2,791.84
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    S1664836
  • Listing Office
    River Hills Properties LLC Lf
  • Last Updated
    10 days ago

Appliances

  • Appliances
    Electric Water Heater

Climate & Systems

  • Heating
    • Electric
    • Heat Pump
    • Propane
    • Forced Air

Interior Features

  • Flooring
    • Hardwood
    • Varies
  • Basement
    None

Parking

  • Parking Features
    Common

Lot & Grounds

  • Lot Size
    0.15 acres
  • Lot Features
    • Corner Lot
    • Irregular Lot
  • Exterior Features
    Propane Tank Leased

Type

  • Property Type
    Residential
  • Property Subtype
    Multi Family

Structure

  • Construction
    • Other
    • Stone
    • See Remarks
  • Roof
    • Membrane
    • Rubber

Condition

  • Year Built
    1900
  • Condition
    Resale
  • Days on Market
    102 days
  • Water
    Connected
  • Sewer
    Septic Tank
  • Utilities
    Water Connected
Also Listed On
  • NYSAMLS
    1 related listing
    Active$699,999

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

CallEmail
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