24 3rd Street, Waterford, NY 12188

Investor opportunity or owner-occupied two-family home in the heart of the Village of Waterford! This spacious multi-family property offers exceptional square footage, flexible living arrangements, and excellent income potential. The first unit offers a spacious 1-bedroom apartment with a generous eat-in kitchen and is currently vacant, making it ideal for an owner-occupant or ready for a new tenant. The apartment has an estimated rental value of approximately $1,000 per month, offering additional income potential. Both apartments have been freshly painted and feature new luxury vinyl flooring and new appliances, creating clean, modern, move-in-ready living spaces. Major mechanical updates include furnace and hot water tank that are less than one year old, along with a brand-new roof installed in August 2026, providing peace of mind and reducing future maintenance costs. The second unit features 4 oversized bedrooms, including one convenient first-floor bedroom, 2 full bathrooms, and a large eat-in kitchen with plenty of room for entertaining and everyday living. This unit is tenant occupied and generates $2,600 per month in rental income, providing immediate cash flow for investors. Conveniently located just one block from Broad Street's restaurants, shops, and local businesses, and only two blocks from the Waterford Harbor Visitor Center and riverfront. The school bus stops right outside the property, and CDTA public transportation is just a block away, making commuting easy. Whether you're searching for an investment property, income-producing duplex, owner-occupied rental, or a multi-generational home, this updated 2-family home offers the flexibility and income potential buyers are looking for. With current rental income of $2,600/month and projected total rental income of approximately $3,600/month, extensive recent updates, generous living space, and a desirable village location, this is an outstanding opportunity to build equity and grow your investment.