1 Main Street, Cherry Valley, NY 13320
Otsego County
Key Facts
Description
Commanding the corner in the heart of Historic Cherry Valley, 1 Main Street is a landmark mixed-use investment property offering over 9,000 square feet of income-producing space. This impressive multi-story brick building blends timeless architecture with strong commercial visibility, featuring a ground-level storefront and 9+ residential apartments above. Its prominent Main Street location places tenants and customers within steps of village shops, dining, and local amenities, while the building’s classic brick façade, wraparound porches, and corner presence create undeniable curb appeal. The scale and layout of the property present exceptional flexibility for investors seeking steady rental income, future value-add potential, or a flagship asset in a charming historic community. With multiple revenue streams already established and room to enhance long-term returns, this is a rare opportunity to own one of Cherry Valley’s signature buildings. Whether expanding a portfolio or securing a cornerstone investment in a desirable village setting, 1 Main Street delivers location, character, and opportunity in one compelling package.
Property Information
Property Type
Residential
Sub-Type
Multi Family
Year Built
1900
Stories
4
Living Area
9,630 sq ft
Lot Size
0.15 acres
Lot Dimensions
41X0
Days on Market
92
MLS® Listing#
S1664836
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$4,869
Assessed Value
$200,000
Parcel Number
362401-058-014-0001-005-000-0000
Affordability Calculator
$117,800
Estimated monthly payment
$3,135/mo
Principal $471,200 · Est. interest $657,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cherry Valley, NY
- $771,264
- Median Listing Price
- 42
- Median Days on Market
- 1,820
- Median Sq Ft
- $423
- Median Price / Sq Ft
- 383
- Active Listings
- This home’s price is 24% below the area median.
- Its price per sq ft is 86% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cherry Valley, NY.
Location
Points of Interest in Cherry Valley, NY
Showing the Cherry Valley area map.
Nearby Schools
Cherry Valley-Springfield Central School District
School · 1.5 mi away
Cherry Valley Springfield Central School
Elementary · 1.6 mi away
Sharon Springs Central School
School · 6.6 mi away
Owen D. Young Central School
Elementary · 7.8 mi away
Fort Plain Central School District
Elementary · 11.2 mi away
Fort Plain Junior-Senior High School
Secondary · 11.2 mi away
Cooperstown Central Elementary School
Elementary · 11.6 mi away
Cooperstown Central School
Secondary · 11.8 mi away
Canajoharie Central School District
Secondary · 11.9 mi away
East Hill Elementary School
Elementary · 12.0 mi away
Canajoharie Middle School
Secondary · 12.0 mi away
Little Friends Nursery School
School · 12.1 mi away
Richfield Springs Central School
Elementary · 12.5 mi away
Brookwood School
School · 12.9 mi away
Worcester School
School · 14.2 mi away
David H Robbins Elementary School
Elementary · 14.5 mi away
St Johnsville Central School District
School · 14.6 mi away
Joseph B Radez Elementary School
Elementary · 14.9 mi away
Cobleskill-Richmondville High School
Secondary · 15.2 mi away
George D Ryder Elementary School
Elementary · 15.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 23 Valley Avenue, Central Valley, NY | $414,900 | 3 | 1 | 1,243 |
| 22 Valley Avenue, Central Valley, NY | $415,000 | 3 | 2 | 1,288 |
| 1316 Route 44, Pleasant Valley, NY | $420,000 | — | — | 2,552 |
| 11055 W Perimeter Road, South Valley, NY | $420,000 | — | — | 5,440 |
| 631 Sierra Vista Lane, Valley Cottage, NY | $429,000 | 2 | 2 | 1,022 |
| 4580 Route 219 Road, Great Valley, NY | $430,000 | — | — | 14,000 |
Moving Cost Estimate
EXIT Agents in Cherry Valley
Listing Courtesy: River Hills Properties LLC Lf - 3155085268
Presented by: Brandon Mosher
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable by is not guaranteed accurate by the MLS.
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Fair Housing NoticeLast Updated: 2026-03-03