242 State Street, Auburn, NY 13021

• 5 beds |
• 4 baths |
• 3,140 sqft

Property Description

Presenting a well-maintained three-family property offering strong rental performance and versatility for both investors and owner-occupants alike. The building features two fully renovated units plus one well-kept unit, each with separate utilities, ensuring easy management and cleaner operating expenses. This home consists of two 2 bedroom and 0ne 1 bedroom apartments, unit 2 is a 2 bedroom 2 bathroom. Current annual net operating income stands at $23,064, providing an attractive turnkey investment opportunity with room for future upside through market rent adjustments or continued portfolio scaling. This property is being offered as part of a four-home investment portfolio, delivering the rare chance to acquire multiple income-producing assets in one transaction. Current annual net operating income for the entire portfolio stands at $79,801. A smart and stable addition to any investor’s holdings—modernized interiors, strong rental performance, and a configuration that appeals to today’s tenants make this one a standout. To view the other homes in this portfolio, please refer to MLS numbers: S1657403 S1657402 S1657399

Listing Status:

Pending

Date Added:

January 15, 2026

Data Last Updated:

April 4, 2026 at 3:17PM

Listing Office:

Baier Real Estate LLC : 315-406-2717

Listing Agent:

Stephen J. Baier : 315-406-2717

MLS ID:

S1657404

Interior

• Appliances: Gas Water Heater
• Basement: Full
• Flooring: HardwoodVariesVinyl
• Heating: GasForced Air
• Fireplace: Fireplaces: 0

Exterior

• Parking: Two or More Spaces

Construction

• General: Vinyl Siding2

Location

• Road/Access: City Street
• Originating MLS: NYS_S
• School District: Auburn
• County: Cayuga

Lot

• Zoning: 050100-108-083-0001-008-000-0000

Utilities

• Utilities: Sewer ConnectedWater Connected
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: NYS_S