50 Chapel St
$849,900
12
Beds
3
Baths
3,756
Sqft
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$849,900
12
Beds
3
Baths
3,756
Living Area
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Property Description
Attention investors! Exceptional opportunity to own a fully renovated three-family property in Cherry Valley. Extensively renovated in 2025, this property features major updates throughout, including new HVAC systems, electrical, plumbing, windows, siding, and a brand-new driveway completed approximately one month ago. All three units feature the same updated finishes and are currently rented, providing immediate rental income from day one.The property sits on an impressive 4.5-acre lot, offering plenty of space and potential for future expansion or additional development, subject to local zoning and approvals. With extensive improvements already completed, tenants in place, and additional land offering future possibilities, this is a great opportunity to add a multi-family property to your investment portfolio.Don’t miss out schedule your showing today!OPEN HOUSE: Sunday, October 4 | 11:00 AM–12:30 PM
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Highlights
- Acres: 4
- Cooling: Ductless
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
- Area: Cherry Valley
- Heating: Ductless, Electric
- Parking Spots: 9
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 24
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Construction: Frame
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R2
- Basement: Walk-Out Access, Dirt Floor, Concrete, Unfinished
- Flooring: Tile, Vinyl
- Interior Features: Laundry Room, Stone/Granite/Solid Counters, Bathroom With Tub, Kitchen, Living RM/Dining RM Combo
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Laundromat, Public School
- Waerfront: Yes
- Parking Features: Paved Drive, Off Street, Driveway
- Waterfront Features: Waterfront, Pond
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $233,600
- Tax Year: 2025
- Total Rent: $7,250
- Rental Fee Includes: Unit 1(Water), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks))
- Taxes: $2,749
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of One Way Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.