c.1880 New York Multi-Family Home For Sale $50K
$50,000
Here is a New York multi-family home with three bedrooms, two baths. Built in 1880, the 1,134-sf home has hardwood floors, and a small lot with a detached two-car garage.
Realtor Comments
This vacant 3-bedroom, 2-bathroom home offers a fantastic opportunity for investors or retail buyers alike. Built in 1880 with approximately 1, 134 square feet of living space, the property is located in the quiet and historically rich community of Mineville, NY, within the Moriah Central School District. While the home needs some work, it sits in a great location surrounded by the natural beauty of the Adirondacks and a stable, close-knit neighborhood. Whether you’re looking to renovate and resell, hold as a rental, or move in and make it your own, this property offers strong potential at an affordable price point. With comparable homes in the area showing good activity, this is a great chance to build equity and invest in a growing market. Assignment listing.
- 3bed
- 2bath
- Circa 1880
198 Raymond Wright Ave, Mineville, NY 12956 $50,000
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros
1. Very Affordable Cost of Living & Housing
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Overall cost of living is 15–30 % below the national and New York averages
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Median home values range from $110,000 to $128,000, a steep drop from the U.S. median (~$280,000) .
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Rent is also budget-friendly—around $728–920/month .
2. Safe, Small-Town Environment
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Crime rates are well below the New York state average
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Rated B+ for overall housing and safety
3. Outdoor Charm & Community Spirit
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Situated in the scenic Adirondacks—ideal for hiking, wildlife viewing, and enjoying nature .
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Strong rural-suburban feel with a tight-knit, owner-occupied community—homeownership around 75–77%
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Rich local history as a former iron-mining “company town,” offering character and heritage.
4. Decent Access to Schools & Basic Services
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Mineville is part of the Moriah Central School District serving K–12
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Educational facilities also include BOCES and a specialized program at CVES Mineville
❌ Cons
1. Limited Job Market & Moderate Incomes
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Median household income (~$43K–$59K) is below national averages .
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Employment opportunities are limited, reflecting AreaVibes’ ‘F’ for jobs
2. Sparse Amenities & Infrastructure
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Few local stores, restaurants, healthcare options or public transit—owning a car is essential .
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While safety is strong, access to hospitals or services requires travel to Port Henry or Plattsburgh.
3. Schools & Education Quality Mixed
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Local schools have lower graduation rates (~70%) and limited extracurricular breadth
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No elementary/middle schools within Mineville; there’s commuting for students
4. Harsh Weather & Environmental Concerns
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Winters can be long and severe, typical for northern Adirondacks—cold, snowy, and often overcast .
5. Property Taxes & Health Risks
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Property taxes around $375 annually, but considered high relative to property values .
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Some data indicate a higher cancer incidence/mortality—worth deeper investigation if environmental health is a concern
