1 Main St, Cherry Valley, NY, 13320
About This Home
Motivated Seller!! Commanding the corner in the heart of Historic Cherry Valley, 1 Main Street is a landmark mixed-use investment property offering over 9,000 square feet of income-producing space. This impressive multi-story brick building blends timeless architecture with strong commercial visibility, featuring a ground-level storefront and 9+ residential apartments above. Its prominent Main Street location places tenants and customers within steps of village shops, dining, and local amenities, while the building’s classic brick façade, wraparound porches, and corner presence create undeniable curb appeal. The scale and layout of the property present exceptional flexibility for investors seeking steady rental income, future value-add potential, or a flagship asset in a charming historic community. With multiple revenue streams already established and room to enhance long-term returns, this is a rare opportunity to own one of Cherry Valley’s signature buildings. Whether expanding a portfolio or securing a cornerstone investment in a desirable village setting, 1 Main Street delivers location, character, and opportunity in one compelling package.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Roof: Membrane,Rubber
- Construction materials: Other,Stone,See Remarks
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater
Basement
- Basement: None
Features
- Flooring: Hardwood,Varies
Heating & Cooling
- Heating features: Electric,Heat Pump,Propane,Forced Air
- Cooling features: Heat Pump
Interior Area
- Total structure area: 9,630
- Total interior livable area: 9,630 sqft
Property
Details
- Parcel number: 36240105801400010050000000
- Zoning description: Commercial
- Special condition: Standard
Features
- Stories: 4
- Exterior features: Propane Tank - Leased
Lot
- Lot size: 6,534 sqft
- Features: Corner Lot,Irregular Lot
- Lot size dimensions: 41 x 0
Parking
- Parking features: Common
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Otsego County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,523 | $30,276 |
| Home Insurance * | $1,009 | $12,108 |
| Property Taxes | $640 | $7,680 |
| Electricity | $1,591 | $19,097 |
| Total | $5,763 | $69,156 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-03 | Price change | $499,000 |
| 2026-07-13 | Price change | $519,000 |
| 2026-06-15 | Price change | $539,900 |
| 2026-06-03 | Price change | $589,000 |
| 2026-04-20 | Price change | $649,999 |
| 2026-03-09 | Price change | $699,999 |
| 2026-03-03 | Listed for sale | $725,000 |
| 2021-12-15 | Listing removed | -- |
| 2021-10-03 | Listed for sale | $209,000 |
| 2021-06-03 | Listing removed | -- |
| 2021-02-19 | Price change | $249,000 |
| 2020-10-26 | Listed for sale | $260,000 |
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