Exceptional investment opportunity in Marathon, NY—three duplexes and one triplex offering a total of 9 units, with three properties on the same street and the fourth just a block away. Fully rented and stabilized, this turnkey portfolio generates $9,275/month in gross income and delivers a strong 9.5% cap rate after all expenses. All units feature electric heat (tenant-paid), laminate flooring, and several freshly painted interiors for easy maintenance and modern appeal. Investors will appreciate the consistent cash flow and minimal owner expenses. A single-family home on the same street, currently in need of repairs, can also be included for additional value and future upside for an extra price. Start earning from day one with this well-maintained, high-performing multifamily package.
Marathon is located in New York. Marathon, New York has a population of 2,032. Marathon is more family-centric than the surrounding county with 33.33% of the households containing married families with children. The county average for households married with children is 26.63%.
The median household income in Marathon, New York is $62,356. The median household income for the surrounding county is $62,163 compared to the national median of $69,021. The median age of people living in Marathon is 35.9 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 12.9 degrees. The average rainfall is approximately 39.3 inches per year, with 83.4 inches of snow per year.
