5 S State St

$220,000
Price
4
Beds
9,149 Sq. Ft.
$24 / Sq. Ft.
9,149
Sq. Ft.
$24
per Sq. Ft.

Description

This is a package deal with 2 W Main St Ripley which is a commercial retail/office building. Welcome to 5 South State Street, a fully renovated two-family home. Both apartments have been completely updated, including new electrical, plumbing, flooring, and walls. The lower unit features 2 bedrooms, 2 bathrooms, and convenient washer/dryer hookups. The upper unit offers 2 bedrooms and 1 bathroom. Both units are fully rented, providing immediate income-producing potential for investors or owner-occupants....This is a package deal with 2 W Main St Ripley which is a commercial retail/office building. Welcome to 5 South State Street, a fully renovated two-family home. Both apartments have been completely updated, including new electrical, plumbing, flooring, and walls. The lower unit features 2 bedrooms, 2 bathrooms, and convenient washer/dryer hookups. The upper unit offers 2 bedrooms and 1 bathroom. Both units are fully rented, providing immediate income-producing potential for investors or owner-occupants. ,
Next door is 2 West Main Street is a fixer-upper packed with potential. Sitting on a corner lot, The main level offers spacious commercial space that previously housed the town’s hardware store for many years. Original built-in drawers and cabinetry remain, adding timeless charm and character to this turn-of-the-century building. The first floor is ideal for retail, office, or mixed-use space, with excellent visibility in a high-traffic village location. The upper level is a blank canvas, ready to be transformed into one or two modern apartments or additional office suites. This package deal offers a unique opportunity to own both commercial and residential investment properties in the heart of Ripley, NY, just minutes from Lake Erie and the Pennsylvania state line.
  1. Listed by AnnaMarie Bennett • ERA Team VP Real Estate
    P: (716)-413-0200 C: (716)-397-4382 annamarie716realtor@gmail.com

Property Details for 5 South State Street

Styles Of Residence
Duplex
On Waterfront
No
Parking Description
Gravel, Two Or More Spaces, Unpaved
Nearest Cross Street
Main Street
LISTING UPDATED: 11/15/2025 09:37 AM

Property Details for 5 South State Street

StatusActive
MLS #R1651018
Days on Market40
Taxes$2,842 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1890
Lot Size0.25 AC / 10,800 SF
CountyChautauqua County

Location

Listing Courtesy of ERA Team VP Real Estate
Add your commute

Building Information for 5 South State Street

Stories2Residences2Year Built1890Building Size-Lot Size0.25 AC / 10,800 SF

Payment Calculator

$1,324 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,087

Property Taxes

$237

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 South State Street

Summary
Location and General Information
  • Accessibility: Accessible Entrance
  • Elementary School District: Ripley
  • High School District: Ripley
  • Middle Or Junior School District: Ripley
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: 6.00
Taxes and HOA Information
  • Area NYSWIS Code: Ripley-066200
  • Tax Annual Amount: $2,842.00
Property
Lot Information
  • Additional Parcels Description: 066200-240-012-0003-021-000
  • Building Area Total: 9149.0
  • Land Features: Irregular Lot
  • Lot Size Square Feet: 10800.0
  • Lot Size Units: Acres
  • Parcel Number: 066200-240-012-0003-022-000
  • Lot Number: 22
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $49,000
  • Year Built: 1890
  • Year Built Description: Existing
  • Zoning Description: Commercial
Utilities
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Frame, Vinyl Siding
  • Foundation Description: Stone
  • Roof Description: Asphalt
Interior Features
  • Appliances: Electric Water Heater
  • Basement Description: Partial
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 4
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Luxury Vinyl
  • Heating: Electric, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 9149.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense Includes: Rent
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Water

Property History for 5 South State Street

DateEvent & SourcePriceAppreciation
Nov 15, 2025

Listed (Active)

WNYREIS #R1651018

$220,000
May 23, 2024

Sold (Public Record)

Public Record #1534928177

$509,100

+1215.6% / yr

Nov 21, 2023

Sold (Public Record)

Public Record #1526108051

$139,000

+29.7% / yr

Oct 11, 2023

Sold (Public Record)

Public Record #1520936634

$135,000
Sep 18, 2023

Sold (Public Record)

Public Record #1520135422

$99,000

-0.8% / yr

Sep 12, 2018

Sold (Public Record)

Public Record #1298767529

$103,000

+2378.6% / yr

May 2, 2018

Sold (Public Record)

Public Record #1290471447

$32,000

+213.3% / yr

Apr 25, 2017

Sold (Public Record)

Public Record #1263130368

$10,000

-5.5% / yr

May 16, 2013

Sold (Public Record)

Public Record #1256083670

$12,500
Jul 31, 2006

Sold

WNYREIS #1014099

$20,500
Jun 13, 2006

Pending

WNYREIS #1014099

May 30, 2006

Listed (Active)

WNYREIS #1014099

$22,900
Sep 8, 2005

Expired

WNYREIS #1010392

Mar 7, 2005

Listed (Active)

WNYREIS #1010392

$25,900
Feb 20, 2005

Expired

WNYREIS #1007597

Feb 20, 2004

Listed (Active)

WNYREIS #1007597

$26,900
DateEvent & SourcePrice
11/15/2025

Listed (Active)

WNYREIS #R1651018

$220,000
05/23/2024

Sold (Public Record)

Public Record #1534928177

$509,100

+1215.6% / yr

11/21/2023

Sold (Public Record)

Public Record #1526108051

$139,000

+29.7% / yr

10/11/2023

Sold (Public Record)

Public Record #1520936634

$135,000
09/18/2023

Sold (Public Record)

Public Record #1520135422

$99,000

-0.8% / yr

09/12/2018

Sold (Public Record)

Public Record #1298767529

$103,000

+2378.6% / yr

05/02/2018

Sold (Public Record)

Public Record #1290471447

$32,000

+213.3% / yr

04/25/2017

Sold (Public Record)

Public Record #1263130368

$10,000

-5.5% / yr

05/16/2013

Sold (Public Record)

Public Record #1256083670

$12,500
07/31/2006

Sold

WNYREIS #1014099

$20,500
06/13/2006

Pending

WNYREIS #1014099

05/30/2006

Listed (Active)

WNYREIS #1014099

$22,900
09/08/2005

Expired

WNYREIS #1010392

03/07/2005

Listed (Active)

WNYREIS #1010392

$25,900
02/20/2005

Expired

WNYREIS #1007597

02/20/2004

Listed (Active)

WNYREIS #1007597

$26,900

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

Public Records for 5 South State Street

Taxable ValueLand$2,900Additions$46,100Total$49,000
Tax Record2024$2,336 ($195 / month)
Home Facts
Baths2Total Finished SqFt1,845 SqFtAbove Grade Finished SqFt1,845 SqFtStories2Lot Size4,050 SqFtStyleDuplexYear Built1890Year Renovated1930Zoning01 - NOT ZONECountyCHAUTAUQUAAPN066200 240.12-3-22

Schools near 5 South State Street

This home is within Ripley Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Rating
School
Distance
Ripley Central School
PublicPK to 6

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

5 South State Street is a multi-family home for sale in Ripley, NY 14775. This property was listed for sale on November 15, 2025 by ERA Team VP Real Estate, it's currently listed at $220,000. It has been on the market for a total of 40 days and was last sold on May 23, 2024. This listing's school district is Ripley Central School District. Nearby schools include Ripley Central School. 5 South State Street is a 4-bed, 3-bath, 9,149 sqft multi-family home built in 1890.

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 ERA Team VP Real Estate

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.