242 State Street

Auburn NY 13021

3140 sq. ft.

8993 sq. ft.

Multi-Family

Last sold for $230,000

Stephen Baier, last sold this property on 27 April 2026 after 101 days on market.

Overview

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

Features

5 bedrooms

4 bathrooms

3140 sq. ft. floor area

8993 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Auburn over the last 12 months, the estimated median property value of 242 State Street is $115k.

Median value

$115k

Estimated value range

$2k - $230k

Median days on market

Estimated value trend

-19%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Auburn. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.