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
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:
Active
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
See this Listing
Schools
School District:
Auburn
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Hardwood, Varies, Vinyl
Heating
Gas, Forced Air
Exterior
Construction Materials
Vinyl Siding
Parking Features
Two Or More Spaces
Financial
Taxes
$7,036
Map
Community
- Address242 State Street Auburn NY
- CityAuburn
- CountyCayuga
- Zip Code13021
Subdivisions in Auburn
- 26 City Albert H Nichols
- 26533 Feet South
- Abijah Fitch
- And Part/Lots Ten & 12/Bo
- And/Notice/The Demand For
- Arlington Manor Sub
- Auburn Woolen Co
- Augusta H Bennett
- Barbara L Botsford
- C B Koon For Nelson Fitch
- City of Auburn
- City/Auburn
- Clark Street Sec 115
- Columbian Rope Co
- Ea Thomas
- East Side/Pulsifer Drive
- Eastside Heights
- Erwin C Soper
- Estate/Daniel Teham Map
- Frederick L Griswold
- Gulielma Thayer & Vida Lo
- Highlands
- Highlands Map
- Hoopes Estate Map
- James S Mccabe
- Jane B Brainard
- Jeanette M Ferro & Richar
- John M Easterley
- John M Easterly Estate
- Joseph M Mccarthy
- Land Situate/The City/Aub
- Lewis Paddock
- Liberty Street Sec 116
- Map Edward Hoopes Estate
- Map/49 City Lts Surv
- Map/Hoopes Prop
- Map/Lands/Est/Sophieberry
- N Beardsley
- Nelson Fitch
- Nelson Street 21416
- Prospect Heights
- Robert J Nolan & Jean E N
- Section 11583
- Seymour Street 37689 Feet
- Sheldon Tr
- Standart Heights
- Survey/Belmont Add
- The City/Auburn
- Town/Scipio
- Trustees/Theologicalsemin
- Village
- Vito Birardi
- William J Spahn
Market Summary
Current real estate data for Multi Family in Auburn as of Feb 05, 2026
40
Multi Family Listed
120
Avg DOM
64
Avg $ / SqFt
$155,360
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
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Courtesy of Baier Real Estate LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 242 State Street
Auburn, NY