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About This Home

This 8-bedroom, 3-bathroom residential multi family at 220 3rd Avenue in Frankfort, NY is listed for $109,900 ($37 per sqft). Built in 1900, the home offers 2,972 sqft of living space on a 0.34 acres lot.

Agent Description

Opportunity is knocking! This spacious 3-unit property offers just under 3,000 sq ft and sits on a rare double lot, presenting incredible potential for investors or owner-occupants looking to build equity. The first-floor unit has been completely renovated and features 3 bedrooms, 1 full bath, an eat-in kitchen, formal dining room, and in-unit laundry.

Currently rented for $1,200/month, it provides immediate income from day one. The second-floor 3-bedroom, 1-bath unit and third-floor 2-bedroom, 1-bath unit are blank slates ready for renovation and customization to maximize rental income. A full basement with Bilco doors offers excellent storage space and easy access to utilities.

Outside, the property features ample off-street parking, a rear patio, and a detached 2-car garage. With strong upside potential and plenty of space, this is your chance to transform a value-add property into a true income-producing powerhouse. Don't miss this exceptional investment opportunity!

Key Features

  • Built in 1900
  • 0.34 acre lot
  • 2 stories

Property Details

2 stories
3 full
1900

Amenities

Hardwood

Monthly Cost Estimate

$588/mo

20% down · 6.5% · 30 years

Principal$79
Interest$476
Insurance$32

Estimates only. Actual payments may vary.

Location

220 3rd Avenue

Frankfort, NY 13340

Features & Amenities

Interior Features

CeilingFansNaturalWoodworkBedroomOnMainLevel

Property Details

Flooring

LaminateTileHardwoodVaries

Construction

CompositeSiding WoodSiding CopperPlumbing PexPlumbing

Pool Features

Porch

Parking

Paved or Surfaced

Heating

BaseboardElectric (Heating)

Appliances

ElectricWaterHeater

Questions & Answers

This 8-bedroom, 3-bathroom residential multi family at 220 3rd Avenue is listed at $109,900 ($37/sqft). The estimated monthly payment is $476 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.34 acre lot, 2 stories. Interior Features: CeilingFans, NaturalWoodwork, BedroomOnMainLevel.

This property is listed by Louis DeMichele Jr. and can be reached at 3155274923 or louisdrealtor@gmail.com.

LJ

Louis DeMichele Jr.

Agent at eXp Realty

(315) 527-4923

Listed by eXp Realty · View on Broker Site

MLS# S1681593· Source: listhub· Updated 17 days ago

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

220 3rd Avenue, Frankfort, NY 13340

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