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Investment Opportunity with Income & Business Potential in Franklin, NY 125 Water Street is a rare find in the heart of Franklin "” a spacious 1850 Greek Revival farmhouse on a corner lot, offering serious potential to generate multiple income streams. With flexible zoning, ample square footage, and major infrastructure upgrades already in place, this property is primed for transformation into a smart investment. The front of the home is well on its way, featuring a large kitchen, dining area, two generous living spaces, and a dramatic staircase leading to an unfinished massive primary suite. Period woodwork and historic details add character, while behind the scenes, key systems "” including foundation, electric, plumbing, water, and insulation "” have already been upgraded. A wrap around porch runs from the kitchen to the living room with the small-town charm we all crave. Large light filled living spaces have access to the covered front porch. The rear of the property is where the opportunity truly expands: a massive two-story garage/studio space tall enough to house trucks, RVs, or large equipment. This space could serve as a base for a contractor, service business, or creative enterprise "” or be converted into rental units. Located in a revitalizing Catskills village with a new Main Street grant and thriving creative energy, this is a strategic opportunity to invest in both real estate and community. Minutes to Oneonta, Cooperstown All Star Village, 1 hr 15 minutes to ski resorts and 3 hrs 15 mins to NYC.
| DAYS ON MARKET | 3 | LAST UPDATED | 7/3/2025 |
|---|---|---|---|
| YEAR BUILT | 1850 | GARAGE SPACES | 6.0 |
| COUNTY | Delaware | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Franklin Central School |
|---|---|
| Jr. High School | Franklin Central School |
| High School | Franklin Central School |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Electric Cooktop, Electric Oven, Electric Range |
| BASEMENT | Unfinished |
| CONSTRUCTION | Blown-In Insulation, Wood Siding |
| GARAGE | Yes |
| HEAT | Electric |
| INTERIOR | Crown Molding, Eat-in Kitchen, Entrance Foyer, Open Floorplan |
| LOT | 0.25 acre(s) |
| SEWER | Public Sewer |
| STYLE | Farmhouse |
| TAXES | 1625.5 |
| UTILITIES | Cable Available, Electricity Available, Electricity Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Compass Greater NY, LLC
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The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Verdeschi & Walsh Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 7/4/25 8:50 AM PDT
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