Property details
About 2369 State Route 5
Former Motel Turned 9-Unit Apartment Complex – Value-Add Opportunity! Now offered for sale, this former roadside motel has been converted into a 9-unit apartment building, primarily consisting of one-bedroom units. Situated on a spacious lot with 20+ parking spaces, this property is serviced by well and septic, minimizing utility expenses and infrastructure costs. All units are heated by baseboard boiler. There are two gas boilers which the landlord pays for and the property has upgraded electrical which the landlord also pays for. There are new coin-operated laundry machines which brings in about $140 additional income per month. The property offers a prime opportunity for investors to reposition and increase income even higher. With the right upgrades, there’s significant upside potential through improved rents to market rate. With lots of drive-by traffic, occupancy has been at 100% year after year minimizing turnover as all of the same tenants have been at this property for 5+ years. Located in a rural yet accessible area, this property is ideal for investors looking to bring an additional asset into their portfolio at a fraction of the cost of anything else on the market!
Highlights
Virtual tour
Summary
- Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Basement: Yes
- Flooring Type: Carpet, Luxury Vinyl, Varies
- Total Bedroom Count: 8
- Parking: Three or more Spaces, No Garage
- Exterior: Gravel Driveway
- Heating: Natural Gas, Baseboard
- List Price: $400,000
- Price/SqFt: $46
- Lot: Rectangular Lot
- Year Built: 1947
- Stories: 1
- Living Area: 8,618 SqFt
- Lot Size: 2.07 Acres
- MLS Number: S1622054
- MLS Name: NYS
- Office Name: Hunt Real Estate ERA
- Office Phone: (315) 682-7197
- Listing Agent: Dante Belmonte
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
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Last updated on: 7/15/2025, 2:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
6
Bolivar Road Elementary School
Public District PK-4
2.5 mi
•6983 Bolivar Rd
5
South Side Elementary School
Public District 2-3
4.6 mi
•200 High St
10
Enders Road Elementary School
Public District KG-4
7.2 mi
•4725 Enders Rd
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 $67,817. The most common annual income of people living in Sullivan, NY is between $35k-100k. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
Frequently asked questions
About 2369 State Route 5
The listing price of 2369 State Route 5 property is $400,000.
The property 2369 State Route 5 is a house located in Sullivan, New York, 13037.
Active Listing: 2369 State Route 5 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2369 State Route 5 are: Bolivar Road Elementary School (GreatSchools Rating 6/10), South Side Elementary School (GreatSchools Rating 5/10), Enders Road Elementary School (GreatSchools Rating 10/10), Chittenango Middle School (GreatSchools Rating 5/10), Roberts Street Middle School (GreatSchools Rating 6/10), Otto L Shortell Middle School (GreatSchools Rating 3/10), Chittenango High School (GreatSchools Rating 8/10), Canastota High School (GreatSchools Rating 4/10), Fayetteville-Manlius Senior High School (GreatSchools Rating 10/10).
The property at 2369 State Route 5 has 8 bedrooms and 0 bathroom.
The property 2369 State Route 5 is 8,618 SqFt (source: MLS/tax record).
The year of construction for 2369 State Route 5 is 1947.
This home is located at 2369 State Route 5 in Sullivan, NY and zip code 13037. This 8,618 square foot home, which was built in 1947, sits on a 2.07 acre lot. Features: 8 bedrooms, 0 bathroom. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $400,000.
While more than 9 listings in Sullivan, NY in June 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below. The inventory of homes for sale in Sullivan, NY between May and June 2025 increased by 30.4%. The median list price of listings available in June 2025 was $290,000, while the average time on the real estate market was 22 days.