About This Home
This 10-bedroom, 9-bathroom single family at 4983 State Highway 28 in Cooperstown, NY is listed for $1,500,000 ($258 per sqft). the home offers 5,810 sqft of living space on a 5.00 acres lot.
Key Features
- 5.00 acre lot
- 2 stories
- Private pool
- Fireplace
- Waterfront
Property Details
Amenities
INCOME-GENERATING INVESTMENT OPPORTUNITY - Prime Cooperstown Location on State Highway 28! Welcome to the Hope Mill property portfolio, a rare, fully operational, and highly successful investment opportunity in the heart of Cooperstown, NY. Set on approximately 5 scenic acres bordering picturesque Oaks Creek, this turnkey business includes three es
tablished and professionally managed rental homes, a heated in-ground saltwater pool, and an unmatched location between the Village of Cooperstown and Cooperstown Dreams Park. This rare multi-home compound consists of the historic stone Hope Mill House, the charming Hope Mill Cottage, and the spacious Hope Mill Ranch.
Together, the properties are currently operating as highly successful short-term summer baseball rentals with strong demand and summer 2026 bookings already secured, generating over $140,000 in projected revenue. The established booking history and repeat rental demand highlight the strength and stability of this proven income-producing portfolio.
In total, the three homes offer 10 bedrooms and 8.5 bathrooms, providing exceptional flexibility for large groups, tournament families, vacation rentals, and extended-stay guests. Each residence is thoughtfully positioned to offer privacy while still benefiting from shared access to the beautifully maintained grounds and resort-style heated saltwater pool.
In addition to its strong summer performance, the property has a proven history of both short-term and long-term rentals, offering clear expansion potential for year-round income optimization. Opportunities exist to further increase revenue through extended seasonality, rate adjustments, and additional use strategies, making this a scalable hospitality investment.
Ideally located just 3.2 miles from the Village of Cooperstown, the property provides convenient access to the National Baseball Hall of Fame, Bassett Medical Center, shopping, dining, breweries, and all local attractions. Cooperstown Dreams Park is only minutes away, making this one of the most desirable rental locations for baseball families and tournament visitors.
The property also sits directly on the public bus line, offering easy transportation to both Cooperstown and Oneonta. Whether you are seeking a fully operational income-producing business, a rare multi-home compound investment, or a legacy property with strong upside potential, the opportunities here are exceptional. Schedule your private showing today!
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4983 State Highway 28
Cooperstown, NY 13326
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Outdoor Features
Parking
Heating
Questions & Answers
This 10-bedroom, 9-bathroom single family at 4983 State Highway 28 is listed at $1,500,000 ($258/sqft). The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 5.00 acre lot, 2 stories, Private pool, Fireplace, Waterfront. Interior Features: Walk-In Closet(s), Entrance Foyer, Master Downstairs.
This property is listed by Natasha Selover and can be reached at 607-547-6177.