115 Acorn Hill Rd · Shokan, NY 12461

$229,888

2 bd · 2.0 ba · 1,536 sqft · Manufactured · 175 Days on market

Built 1974 Poor condition 2.40 ac lot ↓ 30% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Appreciation +5.9/10.0
• Schools +5.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks MLS

OLIVEBRIDGE, NY 12461 ULSTER COUNTY...Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two mobile homes on two separately deeded lots are being sold together as one exceptional package….. • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills….. Located in the highly desirable Onteora Central School District....THE PROPERTY IS GRANDFATHERED UNDER LOCAL ZONING, ALLOWING YOU TO BUILD 4 NEW HOMES. EXISTING INFRASTRUCTURE ALREADY IN PLACE AND FULLY PERMITTED — SAVING YOU $100,000–$150,000+ IN DEVELOPMENT COSTS: • EXISTING CERTIFICATES OF OCCUPANCY (C/OS) FOR ALL CURRENT IMPROVEMENTS--- • DEEP WATER WELL — ALREADY CERTIFIED FOR DRINKING WATER--- • ELECTRIC SERVICE ON THE PROPERTY WITH TWO SEPARATE ACCOUNTS / ELECTRICAL BOXES--- • 2 SEPARATE, WORKING SEPTIC SYSTEMS--- • EXISTING TWO-CAR GARAGE SHED--- • LEVEL, EASY-ACCESS DRIVEWAYS ALREADY INSTALLED AND IN EXCELLENT CONDITION---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

Key facts

• Highly desired area
• 2 lots
• 2.4 acres of land

Tags

• 2 FUNCTIONING MOBILE HOMES
• 2 LOTS
• 2.4 ACRES OF LAND
• BUILD 3-4 HOMES
• HIGHLY DESIRED AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $230k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $921 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $230k).
• Recommended offer: $202k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 1.8% in Shokan — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#888 in NY) — a middle-class / working-renter tenant base. Strengths: crime A, housing A-; Watch: schools F, amenities F, commute F.
• Onteora Central School District (rural): math 58% / reading 59% proficiency, ranked #288 of 755 in NY (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 37 active listings in the ZIP; 464 units permitted in Ulster County in 2024 (170 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($2k loan paydown + $4k appreciation (1.7% local appreciation)).
• Ulster County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.7% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 175 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $70k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $202,301 (12.0% below list)

Questions for the listing agent

1. It's been on market 175 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.38% ✓
• Cap rate: 11.10%
• Cash-on-cash: 17.18%
• DSCR: 1.76
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.9%
• Equity multiple: 2.11×
• Total profit: $71,338
• Equity at exit: $87,323

10-year hold

• IRR: 23.1%
• Equity multiple: 3.98×
• Total profit: $191,598
• Equity at exit: $123,221

Cash invested: $64,369 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12461

• Home prices YoY: 0.5%
• Active inventory: 37
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $3,177 medium
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$287 /mo · $3,448/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$667
• Net cashflow: $921

Break-even live

Break-even rent $2,011

Max offer price $229,888

Occupancy floor 66%

Sensitivity live

Price	-10% $1,080	-5% $1,001	+0% $921	+5% $842	+10% $762
Rent	-10% $670	-5% $796	+0% $921	+5% $1,047	+10% $1,172
Rate	-1.0pp $1,037	-0.5pp $980	base $921	+0.5pp $862	+1.0pp $801

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $57,472
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-02
   days on market $229,888 Active 175 DOM
2. 2026-06-01
   days on market $229,888 Active 174 DOM
3. 2026-05-31
   days on market $229,888 Active 173 DOM
4. 2026-05-30
   days on market $229,888 Active 172 DOM
5. 2026-04-10
   price $229,888 2222-char remark

   Show marketing remark (2296 chars)

   AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

6. 2026-04-10
   price $229,888 2296-char remark

   Show marketing remark (2296 chars)

   AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

7. 2026-03-23
   price $269,888 2222-char remark

   Show marketing remark (2296 chars)

   AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

8. 2026-03-23
   price $269,888 2296-char remark

   Show marketing remark (2296 chars)

   AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

9. 2026-03-23
   price $249,888 2222-char remark

   Show marketing remark (2296 chars)

   AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

10. 2026-03-23
    price $249,888 2296-char remark

    Show marketing remark (2296 chars)

    AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

11. 2026-02-15
    price $269,888 2222-char remark

    Show marketing remark (2296 chars)

    AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

12. 2026-02-15
    price $269,888 2296-char remark

    Show marketing remark (2296 chars)

    AGENTS - APPROVED IN ADVANCE - YOU DO NOT NEED TO BE A MEMBER OF SHOWINGTIME OR MLS TO SCHEDULE SHOWS * * * Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two functioning mobile homes on two separately deeded lots are being sold together as one exceptional package…. . • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills…. . Located in the highly desirable Onteora Central School District The property is grandfathered under local zoning, allowing you to build 3–4 new homes (buyer to verify exact approvals with the Town of Olive Planning & Zoning Board). • Existing Certificates of Occupancy (C/Os) for all current improvements--- • Deep water well — already certified for drinking water--- • Electric service on the property with two separate accounts / electrical boxes--- • 2 separate, working septic systems--- • Existing two-car garage shed--- • Level, easy-access driveways already installed and in excellent condition---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

13. 2025-12-08
    listed $299,888 Active 2296-char remark

    Show marketing remark (2222 chars)

    OLIVEBRIDGE, NY 12461 ULSTER COUNTY...Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two mobile homes on two separately deeded lots are being sold together as one exceptional package….. • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills….. Located in the highly desirable Onteora Central School District....THE PROPERTY IS GRANDFATHERED UNDER LOCAL ZONING, ALLOWING YOU TO BUILD 4 NEW HOMES. EXISTING INFRASTRUCTURE ALREADY IN PLACE AND FULLY PERMITTED — SAVING YOU $100,000–$150,000+ IN DEVELOPMENT COSTS: • EXISTING CERTIFICATES OF OCCUPANCY (C/OS) FOR ALL CURRENT IMPROVEMENTS--- • DEEP WATER WELL — ALREADY CERTIFIED FOR DRINKING WATER--- • ELECTRIC SERVICE ON THE PROPERTY WITH TWO SEPARATE ACCOUNTS / ELECTRICAL BOXES--- • 2 SEPARATE, WORKING SEPTIC SYSTEMS--- • EXISTING TWO-CAR GARAGE SHED--- • LEVEL, EASY-ACCESS DRIVEWAYS ALREADY INSTALLED AND IN EXCELLENT CONDITION---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

14. 2025-12-08
    price $299,888 2222-char remark

    Show marketing remark (2222 chars)

    OLIVEBRIDGE, NY 12461 ULSTER COUNTY...Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two mobile homes on two separately deeded lots are being sold together as one exceptional package….. • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills….. Located in the highly desirable Onteora Central School District....THE PROPERTY IS GRANDFATHERED UNDER LOCAL ZONING, ALLOWING YOU TO BUILD 4 NEW HOMES. EXISTING INFRASTRUCTURE ALREADY IN PLACE AND FULLY PERMITTED — SAVING YOU $100,000–$150,000+ IN DEVELOPMENT COSTS: • EXISTING CERTIFICATES OF OCCUPANCY (C/OS) FOR ALL CURRENT IMPROVEMENTS--- • DEEP WATER WELL — ALREADY CERTIFIED FOR DRINKING WATER--- • ELECTRIC SERVICE ON THE PROPERTY WITH TWO SEPARATE ACCOUNTS / ELECTRICAL BOXES--- • 2 SEPARATE, WORKING SEPTIC SYSTEMS--- • EXISTING TWO-CAR GARAGE SHED--- • LEVEL, EASY-ACCESS DRIVEWAYS ALREADY INSTALLED AND IN EXCELLENT CONDITION---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

15. 2025-12-07
    listed $329,888 Active 2222-char remark

    Show marketing remark (2222 chars)

    OLIVEBRIDGE, NY 12461 ULSTER COUNTY...Rare Turn-Key Development Opportunity in the Heart of the Catskills – Olive, NY GREAT FOR BUILDERS, DEVELOPERS & SAVVY INVESTORS!!!!! Two mobile homes on two separately deeded lots are being sold together as one exceptional package….. • Addresses: 115 & 117 Acorn Hill Rd, Olive, NY 12461 This prime offering features 2.04 acres of beautiful, usable land in a highly desirable residential area of the Catskills….. Located in the highly desirable Onteora Central School District....THE PROPERTY IS GRANDFATHERED UNDER LOCAL ZONING, ALLOWING YOU TO BUILD 4 NEW HOMES. EXISTING INFRASTRUCTURE ALREADY IN PLACE AND FULLY PERMITTED — SAVING YOU $100,000–$150,000+ IN DEVELOPMENT COSTS: • EXISTING CERTIFICATES OF OCCUPANCY (C/OS) FOR ALL CURRENT IMPROVEMENTS--- • DEEP WATER WELL — ALREADY CERTIFIED FOR DRINKING WATER--- • ELECTRIC SERVICE ON THE PROPERTY WITH TWO SEPARATE ACCOUNTS / ELECTRICAL BOXES--- • 2 SEPARATE, WORKING SEPTIC SYSTEMS--- • EXISTING TWO-CAR GARAGE SHED--- • LEVEL, EASY-ACCESS DRIVEWAYS ALREADY INSTALLED AND IN EXCELLENT CONDITION---- • Located on a quiet residential road with straightforward, level access--- This is not bare land. All permits and current C/O’s are in place, making this a true ready-made developer opportunity…. Additional Highlights: • Two operational mobile homes — perfect for immediate rental income or temporary housing during redevelopment--- • Combined land size and taxes for both lots--- • Located in the highly desirable Onteora Central School District--- • Surrounded by luxury new construction — $1.5 million+ homes are being built across the street and on the same block (see photos of the new builds and the serene, wooded land)… Imagine the possibilities: subdivide and build high-end homes in one of the fastest-appreciating areas of the Hudson Valley, with easy access to Olivebridge, Shokan, the Ashokan Reservoir, hiking trails, Woodstock, and just under 2 hours to NYC…. This is a rare chance to acquire shovel-ready land with major infrastructure already paid for and permitted.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $38,127
• − Mortgage interest: −$12,877
• − Property taxes: −$3,448
• − Insurance: −$1,149
• − Repairs & maintenance: −$3,050
• − Management: −$3,050
• − Depreciation: −$6,688
• Taxable income: $7,864
• Est. tax owed @ 24.0%: −$1,887
• After-tax cash flow: $9,168/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 2 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates to bring it up to a livable condition. Significant work is needed on the roof, exterior, interior, windows, foundation, and HVAC system.

Repairs flagged

• Major roof — Significant water damage and possible leaks
• Major exterior siding — Severe peeling and damage
• Major interior flooring — Worn and possibly damaged
• Major interior walls/paint — Peeling paint and signs of wear
• Major windows — Old and possibly not functioning properly
• Major foundation/structure — Signs of settling and possible structural issues
• Major HVAC/mechanicals — Old and possibly not functioning properly

Value-add opportunities

• Resale New roof — A new roof would significantly improve the home's appearance and functionality
• Resale New exterior siding — New siding would improve the home's curb appeal and durability
• Resale New interior flooring — New flooring would improve the home's appearance and functionality
• Resale Paint interior walls — Fresh paint would improve the home's appearance and functionality
• Resale Replace windows — New windows would improve the home's energy efficiency and appearance
• Resale Foundation repair — Repairing the foundation would improve the home's structural integrity and functionality
• Resale Replace HVAC system — A new HVAC system would improve the home's comfort and energy efficiency
• Both Landscaping and curb appeal — A well-maintained landscape would improve the home's curb appeal and overall value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Significant water damage and possible leaks	Major	$15,000–50,000
exterior siding · Severe peeling and damage	Major	$15,000–50,000
interior flooring · Worn and possibly damaged	Major	$15,000–50,000
interior walls/paint · Peeling paint and signs of wear	Major	$15,000–50,000
windows · Old and possibly not functioning properly	Major	$15,000–50,000
foundation/structure · Signs of settling and possible structural issues	Major	$15,000–50,000
HVAC/mechanicals · Old and possibly not functioning properly	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Resale New roof — A new roof would significantly improve the home's appearance and functionality ↑
• Resale New exterior siding — New siding would improve the home's curb appeal and durability ↑
• Resale New interior flooring — New flooring would improve the home's appearance and functionality ↑
• Resale Paint interior walls — Fresh paint would improve the home's appearance and functionality ↑
• Resale Replace windows — New windows would improve the home's energy efficiency and appearance ↑
• Resale Foundation repair — Repairing the foundation would improve the home's structural integrity and functionality ↑
• Resale Replace HVAC system — A new HVAC system would improve the home's comfort and energy efficiency ↑
• Both Landscaping and curb appeal — A well-maintained landscape would improve the home's curb appeal and overall value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Onteora Central School District
• NCES district ID: 3621840
• Math proficiency: 58% ▬ 0.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $56,997
• Composite: 52.17/100
• National rank: #3482
• State rank: #288 of 755 in NY

Livability — Shokan

• Score: 62/100
• State rank: #888
• US rank: #17222

Category grades

Amenities F Commute F Cost of living C+ Crime A Employment C Housing A- Health & safety D- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 1,359
• Population (ZIP): 1,426

Population outlook (Ulster County) Hauer SSP2

• Today (2025): 175,887 people
• By 2030: 171,876 · -2.3%
• By 2040: 161,771 · -8.0%
• By 2050: 151,470 · -13.9%
• By 2075: 133,023 · -24.4%
• By 2100: 113,504 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Two or more races 16% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 9% Lithuanian 8% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Ulster

• 2024 margin: D (+18.7) · D 59.3% · R 40.7%
• 2008→2024 swing: -4.9pp toward R · 2008: 23.6pp · 2024: 18.7pp
• All cycles: 2024: D+18.7 2020: D+20.9 2016: D+9.1 2012: D+21.9 2008: D+23.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.73%
• Current HPI: 346.6673
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-30.3% since first listed

11 events — show timeline

• 2026-04-10 Price Changed $229,888 OneKey® MLS as Distributed by MLS Grid
• 2026-04-10 Price Changed $229,888 UNYREIS
• 2026-03-23 Price Changed $269,888 OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $269,888 UNYREIS
• 2026-03-23 Price Changed $249,888 OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $249,888 UNYREIS
• 2026-02-15 Price Changed $269,888 OneKey® MLS as Distributed by MLS Grid
• 2026-02-15 Price Changed $269,888 UNYREIS
• 2025-12-08 Listed $299,888 UNYREIS
• 2025-12-08 Price Changed $299,888 OneKey® MLS as Distributed by MLS Grid
• 2025-12-07 Listed $329,888 OneKey® MLS as Distributed by MLS Grid