1 Mill St

Marathon, NY 13803

$649,900
Price
18
Beds
9,250 Sq. Ft.
$70 / Sq. Ft.
9,250
Sq. Ft.
$70
per Sq. Ft.

Description

Exceptional investment opportunity in Marathon, NY. This stabilized portfolio includes four buildings totaling 9 units: 4 W Main Street is a duplex, 1 Mill Street is a three family, 6 Mill Street is a duplex, and 8 Warren Street is a duplex. Three properties sit on the same street with the fourth only a block away, creating operational efficiency and strong tenant demand. Fully rented and generating $9,275 per month in gross income, the package delivers a solid 9.5 percent cap rate after expenses....Exceptional investment opportunity in Marathon, NY. This stabilized portfolio includes four buildings totaling 9 units: 4 W Main Street is a duplex, 1 Mill Street is a three family, 6 Mill Street is a duplex, and 8 Warren Street is a duplex. Three properties sit on the same street with the fourth only a block away, creating operational efficiency and strong tenant demand. Fully rented and generating $9,275 per month in gross income, the package delivers a solid 9.5 percent cap rate after expenses. All units offer tenant paid electric heat, laminate flooring, and several freshly painted interiors for easy maintenance and broad renter appeal. An additional single family at 8 Mill Street, currently in need of rehab, can also be included for an additional amount, providing clear value add potential and future upside for investors seeking long term growth.
  1. Listed by Coty Lunn • INNOVATIVE COMMERCIAL ADVISORS

Property Details for 1 Mill Street

Architectural Style
MultiFamily
Zoning
Multi-Family
LISTING UPDATED: 02/04/2026 04:03 PM

Property Details for 1 Mill Street

StatusActive
MLS #333486
Days on Market104
Taxes$14,290 / year
HOA Fees-
Condo/Co-op Fees$5,398 semi-monthly
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1920
CountyCortland County

Location

Listing Courtesy of INNOVATIVE COMMERCIAL ADVISORS
Add your commute

Building Information for 1 Mill Street

Building/Complex1 Mill StFloor-Stories-Residences9Pet Policy-Pet Policy Details-Year Built1920Building Size-

Payment Calculator

$15,154 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,167

Property Taxes

$1,191

HOA Dues

$10,796

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Mill Street

Summary
Location and General Information
  • City: Marathon
  • County Or Parish: Cortland
  • Directions: Located in the charming town of Marathon, NY, this property offers investors a prime opportunity to be part of a vibrant and thriving community. Surrounded by picturesque landscapes and a strong sense of community, the area provides a peaceful respite from the hustle and bustle of city life. Nearby points of interest such as the historic Marathon Village Hall and the tranquil Gracie Reiser Park offer a glimpse into the area's rich heritage and provide serene settings for relaxation and inspiration. With its convenient access to local amenities and a welcoming atmosphere, Marathon presents an enticing opportunity for multi-family investors looking to be part of a close-knit and welcoming community. 221 WEST, OVER BRIDGE-RIGHT ON MILL STREET
  • Postal City: Marathon
  • Township: Marathon
  • State Or Province: NY
  • MLS Area Major: Area 12
  • Postal Code: 13803
  • Zoning Description: Multi-Family
Taxes and HOA Information
  • Maintenance Expense: $5,398.00
  • Tax Annual Amount: $14,290.00
  • Tax Assessed Value: $423,000.00
School Information
  • Elementary School: Marathon
  • Elementary School District: Marathon
  • High School District: Marathon
  • Middle Or Junior School District: Marathon
Parking
  • Attached Garage: No
  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Driveway, Detached, Garage, TwoCarGarage, ParkingSpaces
Property
Lot Information
  • Above Grade Finished Area: 9250.0
  • Below Grade Finished Area: 0.0
  • Living Area: 9250.0
  • Lot Features: Level
  • Lot Size Area: 3.0
  • Lot Size Dimensions: 3 acres
  • Lot Size Units: Acres
Property and Assessments
  • Sign On Property: No
  • Year Built: 1920
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: ResidentialIncome
  • Construction Materials: AluminumSiding, VinylSiding, WoodSiding
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Patio
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Patio
Interior Features
  • Appliances: ElectricWaterHeater
  • Inclusions: CARBON MONOXIDE DETECTOR,SMOKE DETECTORS
  • Cooling: CeilingFans
  • Flooring: Carpet, Vinyl
  • Heating: Baseboard, ForcedAir
  • Heating: Yes
  • Bathrooms Full: 9
  • Bathrooms Half: 1
  • Bedrooms Total: 18
Room Information
Room 1
  • HumanModified: Yes
Room 2
  • HumanModified: Yes
Room 3
  • HumanModified: Yes
Room 4
  • HumanModified: Yes
Room 5
  • HumanModified: Yes
Room 6
  • HumanModified: Yes
Room 7
  • HumanModified: Yes
Room 8
  • HumanModified: Yes
Room 9
  • HumanModified: Yes
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 9
Income & Expenses Information
  • Water Sewer Expense: $10,565.00
  • Fuel Expense: $.00
  • Gross Income: $111,300.00
  • Insurance Expense: $4,379.00
  • Professional Management Expense: $8,637.00
  • Electric Expense: $.00
  • Net Operating Income: $64,692.00
Unit 1
  • Actual Rent: $1,075.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,075.00
Unit 2
  • Actual Rent: $1,075.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,075.00
Unit 3
  • Actual Rent: $1,025.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,025.00
Unit 4
  • Actual Rent: $1,250.00
  • Baths Total: 1
  • Beds Total: 3
  • Total Rent: $1,250.00
Unit 5
  • Actual Rent: $1,000.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,000.00
Unit 6
  • Actual Rent: $1,075.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,075.00
Unit 7
  • Actual Rent: $800.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $800.00
Unit 8
  • Actual Rent: $900.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $900.00
Unit 9
  • Actual Rent: $1,075.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $1,075.00

Property History for 1 Mill Street

DateEvent & SourcePriceAppreciation
Dec 5, 2025

Price Change

Greater Binghamton Association of REALTORS #333486

$649,900—
Oct 24, 2025

Listed (Active)

Greater Binghamton Association of REALTORS #333486

$679,900—
Jul 4, 2022

Expired

WNYREIS #OD131357

—
Jun 21, 2021

Listed (Active)

WNYREIS #OD131357

$135,000—
Sep 24, 2013

Expired

WNYREIS #S287466

—
Mar 24, 2013

Listed (Active)

WNYREIS #S287466

$109,000—
May 27, 2011

Sold

WNYREIS #S239156

$86,000—
May 23, 2011

Sold (Public Record)

Public Record #426884777

$86,000—
May 2, 2011

Pending

WNYREIS #S239156

—
Aug 3, 2010

Listed (Active)

WNYREIS #S239156

$89,900—
DateEvent & SourcePrice
12/05/2025

Price Change

Greater Binghamton Association of REALTORS #333486

$649,900
10/24/2025

Listed (Active)

Greater Binghamton Association of REALTORS #333486

$679,900
07/04/2022

Expired

WNYREIS #OD131357

—
06/21/2021

Listed (Active)

WNYREIS #OD131357

$135,000
09/24/2013

Expired

WNYREIS #S287466

—
03/24/2013

Listed (Active)

WNYREIS #S287466

$109,000
05/27/2011

Sold

WNYREIS #S239156

$86,000
05/23/2011

Sold (Public Record)

Public Record #426884777

$86,000
05/02/2011

Pending

WNYREIS #S239156

—
08/03/2010

Listed (Active)

WNYREIS #S239156

$89,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Mill Street

Taxable ValueLand$8,700Additions$78,200Total$86,900
Tax Record2024$1,761 ($147 / month)
Home Facts
Baths3Total Finished SqFt2,330 SqFtAbove Grade Finished SqFt2,330 SqFtStories2Lot Size11,661 SqFtStyleTriplexYear Built1860Zoning02 - SINGLE RCountyCORTLANDAPN113401 157.20-01-18.000

Schools near 1 Mill Street

This home is within Marathon Central School District.
Rating
School
Type
Grades
Distance
William Appleby Elementary School
Public - PK to 6
Marathon High School
Public - 7 to 12
Marathon Christian Academy
Private - PK to 12
Rating
School
Distance
William Appleby Elementary School
PublicPK to 6

Marathon High School
Public7 to 12

Marathon Christian Academy
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 1 Mill Street, Marathon, NY 13803

1 Mill Street is a multi-family home for sale in Marathon, NY 13803. This property was listed for sale on October 24, 2025 by INNOVATIVE COMMERCIAL ADVISORS, it's currently listed at $649,900. It has been on the market for a total of 104 days and was last sold on May 27, 2011. This listing's school district is Marathon Central School District. Nearby schools include William Appleby Elementary School, Marathon High School and Marathon Christian Academy. 1 Mill Street is a 18-bed, 10-bath, 9,250 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of INNOVATIVE COMMERCIAL ADVISORS

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.