Step into a property that does it all—gorgeous turnkey vacation home, lucrative Airbnb, a multi-generational getaway, or a sun-filled retreat with built-in income potential.
Whether you're looking for a serene escape from city life, or you're an investor ready to house hack your way to passive income, this property checks every box!
Modern & spacious, this home offers two distinct living spaces under one roof—perfect for Airbnb guests, multi-family use, or keeping the upstairs for yourself while the downstairs pays the mortgage.
The original section of the home features classic charm with modern styling: wood floors, exposed beams, a cozy wood-burning stove, and an open-concept layout that flows from living room to dining area to a bright, modern kitchen with newer appliances. With two bedrooms on each level and a full bath on both floors, you’ll have plenty of space for guests or renters. The back deck is made for al fresco dinners, stargazing, or lazy weekend mornings with coffee in hand.
Upstairs, a sun-soaked addition feels like your own Catskills penthouse. Lofty cathedral ceilings, large skylights, and a wide-open floor plan connect the living, dining, and kitchen areas, all opening to a private balcony with mountain views.
The back yard is huge and private, perfect for summer games, a garden, or letting the dogs run around to their hearts content!
All this within walking distance to the sweet village of Margaretville with its shops, dining and entertainment!
Use one unit, rent the other. Host guests, share with family, or enjoy the entire home to yourself—this is flexibility at its finest.
Whether you're escaping the city, building your investment portfolio, or looking for a move-in ready home in a desirable village, this property is ready to welcome you.
Closed
$400,000
128 Academy St, Margaretville, NY 12455
6beds
3,300sqft
Single Family Residence
Built in 1952
0.36 Acres Lot
$417,200 Zestimate®
$121/sqft
$2,985 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 07, 2025 at 06:27pm
Listed by:
Laura Krukowski (607)226-1297,
Keller Williams Upstate NY Properties
Bought with:
Laura Krukowski, 10301207631
Keller Williams Upstate NY Properties
Source: NYSAMLSs,MLS#: R1618824
Originating MLS: Otsego-Delaware
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating
- Oil, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
- Laundry: Main Level
Features
- Eat-in Kitchen, Living/Dining Room, Sliding Glass Door(s), Skylights
- Flooring: Hardwood, Tile, Varies
- Doors: Sliding Doors
- Windows: Skylight(s)
- Basement: Full,Finished,Sump Pump
- Number of fireplaces: 1
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Blacktop Driveway, Private Yard, See Remarks
Lot
- Size: 0.36 Acres
- Dimensions: 82 x 216
- Features: Flood Zone, Rectangular, Rectangular Lot
Details
- Parcel number: 1246033060060003019000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block, Poured
Condition
- Resale
- Year built: 1952
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Margaretville
Other
Other facts
- Listing terms: Cash,Conventional