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Angel Bellino

angel.bellino@gmail.com +1(315) 525-5592

$ 267,300

Est. payment -/mo

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Pending

3 Pearl ST Newfield, NY 14867

4 Beds

2 Baths

1,921 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,921 sqft

Price per Sqft $139

MLS Listing ID R1689623

Style Duplex

Bedrooms 4

Full Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $468

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 43X171

Property Sub-Type Duplex

Property Description

Investment opportunity in the heart of Newfield! This side-by-side duplex offers two spacious 2-bedroom, 1-bath units and is being sold as a package with neighboring 5 Pearl Street, creating an excellent opportunity for investors seeking immediate cash flow and long-term upside. Unit 1 is currently rented thru summer 2027 and has historically rented for $1,200/month, featuring a charming fireplace, large living areas, and strong rental appeal. Unit 2 is also occupied and generates $1,000/month in rental income. Each unit has its own furnace, allowing for separate heating systems and simplified property management. Located within walking distance of Newfield schools, the library, park, banking, shopping, and other downtown amenities, this property offers the convenience tenants desire while remaining just a short drive from Ithaca, Cornell University, and Ithaca College. Recent interior improvements include updated flooring, matching interior doors, attractive windows, and spacious open-concept living and dining areas. Easy walking distance to Covered Bridge Market.

Please note: Both buildings are situated on the tax parcel associated with 5 Pearl Street. The tax parcel for 3 Pearl Street is vacant land. Package sale with 5 Pearl Street required. A rare opportunity to acquire two income-producing properties in one convenient location.
3 and 5 are both listed. Both are on the #5 tax parcel #.
#3 MLS #1689623
#5 MLS # 168922

Location

State NY

County Tompkins

Area Newfield-503400

Direction Right off main street in Newfield. Parallel to Shaffer. Downtown, side street.

Interior

Heating Gas, Other, See Remarks, Forced Air

Cooling Other, See Remarks

Flooring Carpet, Laminate, Varies, Vinyl

Fireplaces Number 1

Fireplace Yes

Appliance See Remarks, Water Heater

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt,Pitched

Porch Covered, Porch

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Story 2

Foundation Stone, Slab

Sewer Connected

Water Connected, Public

Architectural Style Duplex

Level or Stories Two

Structure Type Frame,Stucco,Vinyl Siding

Construction Status Existing

Schools

Elementary Schools Newfield Elementary

Middle Schools Newfield Middle

High Schools Newfield Senior High

School District Newfield

Others

Senior Community No

Tax ID 503400-014-000-0002-026-000-0000

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

Listed by Berkshire Hathaway HomeServices Heritage Realty 607-428-0708

Angel Bellino

3 Pearl ST Newfield, NY 14867

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3 Pearl ST