About This Home

This 5-bedroom, 4-bathroom residential multi family at 171 Cornell Avenue in Stamford, NY is listed for $449,000 ($65 per sqft). Built in 1886, the home offers 6,934 sqft of living space on a 2.94 acres lot.

Key Features

  • Built in 1886
  • 2.94 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
4 full
1886

Amenities

FireplaceHardwoodA/C
Listing Description

ULTIMATE CATSKILLS HOSPITALITY COMPOUND: 7-ROOM BOUTIQUE HOTEL + 5 INCOME UNITS Commercial investors and hospitality visionaries, secure a lucrative opportunity in the booming Catskills market. Historically known as the "House on the Hill," this landmark 1886 property spans 3 pristine acres of unrestricted potential in Hobart's historic Book Village.

It delivers an immediate, turnkey income revenue from five completely renovated, fully occupied independent apartments. Massive financial upside awaits an investor ready to more than double this active rental income simply by transitioning these five turnkey units into high-occupancy short-term vacation rentals.

Beyond the steady apartment income, the main building is a hospitality developer's dream: masterfully reconfigured into seven full hotel rooms, with a private, high-end luxury bathroom added to units. Complete with a large eat-in country kitchen kitchen featuring dual independent ranges, the layout is perfectly curated for an all-inclusive boutique hotel, B&B, or event compound.

A massive, permanent profit driver is right at your doorstep: the region's premier wedding industry is booming, and local barn and farm venues draw massive crowds but face a severe lodging shortage. This compound perfectly captures that market as an inclusive event space to host welcome parties, morning-after brunches, & guest lodging.

The striking aesthetic and natural light also make it an ideal destination for high-end commercial photoshoots and mid-week corporate retreats looking for a Upstate escape. The exceptionally guest-friendly layout includes a private rear staircase flowing straight into the kitchen, ensuring maximum privacy for guest groups.

The expansive 3-acre grounds offer a magnificent blank canvas to create an enclosed resort compound complete with pathways, fire pits, curated gardens, and offshoot tiny homes or cabin rentals. Positioned in an ever-growing tourist corridor between Margaretville, Delhi & Stamford, the location captures permanent, four-season drivers, sitting directly between 4 premier ski mountains & right off major regional snowmobile trails. Seller is a NYS Licensed Real Estate Salesperson

Monthly Cost Estimate

$2,401/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,946
Insurance$131

Estimates only. Actual payments may vary.

Location

171 Cornell Avenue

Stamford, NY 13788

Features & Amenities

Interior Features

Attic

Exterior Features

PropaneTankLeased

Property Details

Flooring

HardwoodVaries

Construction

AtticCrawlHatchwaysInsulated Frame StructuralInsulatedPanels VinylSiding

Parking

Paved or Surfaced

Heating

Propane (Heating)SteamOil

Cooling

Wall Unit(s)

Appliances

OilWaterHeaterPropaneWaterHeater

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 171 Cornell Avenue is listed at $449,000 ($65/sqft). The estimated monthly payment is $2,401 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1886, 2.94 acre lot, 2 stories, Fireplace. Interior Features: Attic. Exterior Features: PropaneTankLeased.

This property is listed by Ashley O'Malley.

AO

Ashley O'Malley

License 10401355852

Agent at Jewett and Jewett LLC

Listed by Jewett and Jewett LLC · Broker phone: (802) 578-0731 · View on Broker Site · Broker website

MLS# R1690543· Source: New York State Alliance of MLSs, LLC· 135 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

171 Cornell Avenue, Stamford, NY 13788

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