Backup offers
#R1610430, Robert Peterson, Listing office: Jewett and Jewett LLC
Property details
About 125 Water St
Investment Opportunity with Income & Business Potential in Franklin, NY 125 Water Street is a rare find in the heart of Franklin — a spacious 1850 Greek Revival farmhouse on a corner lot, offering serious potential to generate multiple income streams. With flexible zoning, ample square footage, and major infrastructure upgrades already in place, this property is primed for transformation into a smart investment. The front of the home is well on its way, featuring a large kitchen, dining area, two generous living spaces, and a dramatic staircase leading to an unfinished massive primary suite. Period woodwork and historic details add character, while behind the scenes, key systems — including foundation, electric, plumbing, water, and insulation — have already been upgraded. A wrap around porch runs from the kitchen to the living room with the small-town charm we all crave. Large light filled living spaces have access to the covered front porch. The rear of the property is where the opportunity truly expands: a massive two-story garage/studio space tall enough to house trucks, RVs, or large equipment. This space could serve as a base for a contractor, service business, or creative enterprise — or be converted into rental units. Located in a revitalizing Catskills village with a new Main Street grant and thriving creative energy, this is a strategic opportunity to invest in both real estate and community. Minutes to Oneonta, Cooperstown All Star Village, 1 hr 15 minutes to ski resorts and 3 hrs 15 mins to NYC. The property is being sold, as-is.
Highlights
Home typeSingle Family Residence
HeatingElectric
StatusSale Pending
(Pending)
(Pending)
Size2,400 sqft
BasementYes
Lot size0.25 Acres
Year built1850
MLS #884711
Garage6 spaces
Summary
- Full Bathrooms: 1
- Appliances: Dryer, Electric Cooktop, Electric Oven, Electric Range
- Basement: Yes
- Flooring Type: Hardwood
- Interior: First Floor Full Bath, Crown Molding, Eat-in Kitchen, Entrance Foyer, Formal Dining, Open Floorplan, Open Kitchen, Original Details, Washer/Dryer Hookup
- Total Bedroom Count: 1
- Garage Space: 6 spaces
- Private Pool: No
- Architectural Style: Farmhouse
- Heating: Electric
- Cooling: None
- List Price: $179,000
- Price/SqFt: $74
- Annual Tax Amount: $5,541
- Tax Year: 2023
- Year Built: 1850
- Living Area: 2,400 SqFt
- Lot Size: 0.25 Acres
- MLS Number: 884711
- MLS Name: ONEKEY2
- Office Name: Compass Greater NY, LLC
- Office Phone: (838) 877-8283
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/30/2025, 3:41:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 14, 2023 | Home Sold | $120,000 |
| Jan 16, 2009 | Home Sold | $70,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $50,000 | $5,541 |
| 2022 | $50,000 | $3,669 |
| 2021 | $50,000 | $3,669 |
| 2020 | $96,000 | $3,669 |
| 2019 | $96,000 | $4,430 |
| 2018 | $96,000 | $4,430 |
| 2017 | $96,000 | $4,997 |
History based on county public records data.
Nearby schools
6
Unadilla Elementary School
Public District KG-5
7.4 mi
•265 Main St
3
Riverside Elementary School
Public District KG-5
8.6 mi
•39 House St
5
Greater Plains Elementary School
Public District KG-6
9.0 mi
•60 W End Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,337. Typical income of Franklin, NY residents is between $35k-100k annually. The majority of families are married, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
42%
<35k
45%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
33%
Single, No Kids
12%
Single, with Kids
37%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
17%
18-34 yrs old
45%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Bass Pro Shops
Academy Sports & Outdoors
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Ram
What do the neighbors listen to?
Classic Country
New Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 125 Water St
The listing price of 125 Water St property is $179,000.
The property 125 Water St is a house located in Franklin, New York, 13775.
Sale Pending: 125 Water St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 125 Water St are: Unadilla Elementary School (GreatSchools Rating 6/10), Riverside Elementary School (GreatSchools Rating 3/10), Greater Plains Elementary School (GreatSchools Rating 5/10), Unatego Middle School (GreatSchools Rating 5/10), Oneonta Middle School (GreatSchools Rating 5/10), Sidney Middle School (GreatSchools Rating 7/10), Franklin Central School (GreatSchools Rating 4/10), Unatego Junior-Senior High School (GreatSchools Rating 4/10), Oneonta Senior High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $5,541 (source: MLS/based on county public records data).
The last sale was on September 14, 2023 for $120,000 (source: MLS/tax record).
The property at 125 Water St has 1 bedroom and 1 bathroom.
The property 125 Water St is 2,400 SqFt (source: MLS/tax record).
The year of construction for 125 Water St is 1850.
This home is located at 125 Water St in Franklin, NY and zip code 13775. This 2,400 square foot home, which was built in 1850, sits on a 0.25 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 2, 2025 and is currently priced at $179,000.
From Rocket Homes Real Estate and based on county public records data.