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2329 Bacon Rd #3, Mc Graw, NY, 13101

8beds
4baths
3,184sqft
$250,000
$79price/sqft
$2,357/moest. monthly cost
$94,280/yrincome needed

About This Home

This 4-unit multi-family home, located just outside of Cortland and close to I-81, offers plenty of potential and flexibility. The first floor features a large 4-bedroom unit with a deck, the second floor includes two 2-bedroom apartments, and the fourth unit is a studio apartment on the first floor. Recent updates include new bathroom flooring in all units. The property also offers a private yard, an additional storage shed and will be delivered vacant at closing, making it an excellent option for an owner-occupant or as a pure investment property with strong rental income potential.

Getting Around

12
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

4/10
Mcgraw Elementary SchoolGrades PK-51.4 mi
4/10
Mcgraw Secondary SchoolGrades 6-121.7 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1880

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Fourplex
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Flooring: Carpet,Other,See Remarks,Varies

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 3,184
  • Total interior livable area: 3,184 sqft

Property

Details

  • Parcel number: 11228909700200010142000000
  • Special condition: Standard

Lot

  • Lot size: 0.83 Acres
  • Features: Rectangular,Rectangular Lot,Rural Lot
  • Lot size dimensions: 163 x 220

Parking

  • Parking features: Gravel

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

  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather

FEMA Declared Disasters in Cortland County and New York

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm

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

MonthlyAnnual
Mortgage $1,264$15,168
Home Insurance *$109$1,308
Property Taxes $458$5,496
Electricity $526$6,314
Total$2,357$28,284
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,811/yr
40% on housing$70,710/yr
45% on housing$62,853/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: -4.7%
-4.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -3.8%
-3.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$79This listing

vs Other Active Listings

Avg $/sqft

ZIP 13101$122
Cortland County$126

vs Homes Sold Last Month

Median $/sqft

ZIP 13101$116
Cortland County$127

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

DateEventPrice
2026-03-16Listed for sale$250,000
2026-03-06Listing removed$250,000
2025-09-05Listed for sale$250,000

For Sale by Agent

AgentTara Wetherell
BrokerageHage Real Estate

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