242 State Street
Auburn, NY, 13021
$259,900
5 Beds
4 Baths
3,140 SqFt
0.21 Acres
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MLS #S1657404 image #0
Presenting a well-maintained three-family property offering strong rental performance and versatility for both investors and owner-occupants alike. The building features two fully renovated units plus one well-kept unit, each with separate utilities, ensuring easy management and cleaner operating expenses. This home consists of two 2 bedroom and 0ne 1 bedroom apartments, unit 2 is a 2 bedroom 2 bathroom.

Current annual net operating income stands at $23,064, providing an attractive turnkey investment opportunity with room for future upside through market rent adjustments or continued portfolio scaling.

This property is being offered as part of a four-home investment portfolio, delivering the rare chance to acquire multiple income-producing assets in one transaction. Current annual net operating income for the entire portfolio stands at $79,801.

A smart and stable addition to any investor’s holdings—modernized interiors, strong rental performance, and a configuration that appeals to today’s tenants make this one a standout.

To view the other homes in this portfolio, please refer to MLS numbers:
S1657403
S1657402
S1657399

Property Details

Price:
$259,900
MLS #:
S1657404
Status:
Pending
Beds:
5
Baths:
4
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
auburn050100
Listed Date:
Jan 15, 2026
Finished Sq Ft:
3,140
Total Sq Ft:
3,140
Lot Size:
8,993 sqft / 0.21 acres (approx)
Year Built:
1890
Units:
3
Auburn-050100Auburn050100AuburnProbate

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Schools

School District:
Auburn

Interior

Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Hardwood, Varies, Vinyl
Heating
Gas, Forced Air
Levels
Two

Exterior

Construction Materials
Vinyl Siding
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
Two Or More Spaces
Stories
2

Financial

Taxes
$7,036

Map

Community

Market Summary

Current real estate data for Multi Family in Auburn as of Apr 23, 2026
39
Multi Family Listed
141
Avg DOM
64
Avg $ / SqFt
$172,156
Avg List Price

Property Summary

    242 State Street Auburn NY is a Multi Family for sale in Auburn, NY, 13021. It is listed for $259,900 To schedule a showing of MLS#s1657404 at 242 State Street in Auburn, NY, contact your Concrete Jungle Realty agent at 3472420937.

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