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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.
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
Amenities
Monthly Cost Estimate
$588/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
220 3rd Avenue
Frankfort, NY 13340
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Appliances
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.



