111 Walnut St

Fully Occupied 4-Unit Multifamily Property in the Heart of Margaretville
A rare Village investment opportunity, well-maintained apartment building offers dependable income and long-term potential. Located in the Town of Middletown, Delaware County—where quality housing options remain limited—this property is ideally positioned to benefit from sustained rental demand.
Location Highlights:
• Prime in-village location, walking distance to school, shopping, restaurants, and other amenities
• On-site parking for all tenants, with additional municipal parking just half a block away
• Coin-operated laundry on site provides supplemental income
• Garbage removal included, water included
Property Features & Improvements:
• Longstanding ownership since 2009, with major upgrades completed by both current and prior owners
• Updates include: roof replacement, new windows, and upgraded electric systems (all apartments equipped with 100-amp electric meters)
• High-speed internet, cable TV, and phone service available to all units
Apartment Breakdown:
Unit #1 – Studio (First Floor)
• Private entry via shared covered front porch
• 1 bathroom with shower stall
• Electric heat, electric hot water, and electric cooking stove
• Tenant pays all utilities
Unit #2 – 2 Bedroom (Second Floor)
• Entry via central staircase from shared covered front porch
• Living room, full bath with tub/shower combination, and kitchen with electric stove
• Heat (oil hot water baseboard) included in rent; tenant pays electric
• Access to high-speed internet and cable
Unit #3 – 1 Bedroom (First Floor)
• Kitchen/living room combo with electric stove
• 1 bathroom with shower stall
• Electric baseboard heat; tenant pays all utilities
• Entry from shared covered front porch
Unit #4 – 2 Bedroom / 1.5 Bath (Two Story Layout)
• Private covered side entry with enclosed porch and patio area
• Eat-in kitchen, living room, half bath on the first floor
• Two bedrooms and full bath upstairs
• Heat (oil hot water baseboard) included in rent; tenant pays electric
This property reflects pride of ownership, with consistent occupancy throughout the years. Looking to add to your portfolio?