63-65 Silver Street, Norwich, NY 13815
Local realty services provided by:Team VP Real Estate
Listed by: deborah sutton, michelle collins
Office: howard hanna
MLS#:R1688679
Source:NY_GENRIS
Price summary
- Price:$449,900
- Price per sq. ft.:$82.01
About this home
A rare TURNKEY, FULLY FURNISHED INCOME OPPORTUNITY, which blends short-term vacation rentals (via Airbnb/VRBO) with extended-stay professional housing. For investors seeking IMMEDIATE INCOME POTENTIAL, HIGHER RENTS THAN TRADITIONAL, AND A NICHE HOUSING MODEL WITH PROVEN DEMAND. The property is an OPERATIONAL, income-producing hospitality asset with multiple demand streams ALREADY IN PLACE. The property is already FULLY RENOVATED, CONFIGURED, and FURNISHED, eliminating the typical startup costs. The property consists of two fully-furnished adjacent residential properties with 5 total units. These adjacent properties offers larger combined capacity for groups or corporate clients and the ability to separate short and long term guests.
EXTENSIVE RENOVATIONS ($300K+) have been completed on the property, including a new roof (63 Silver St), interior framing and sheetrock, new windows/framing and insulation, new installation and renovation of kitchens and baths, new flooring and carpeting, new electric panels and wiring, new plumbing and sewer pipe, new gas pump heating and electric baseboard heaters and on-demand water heaters, new fencing, blacktop driveway, and other improvements.
The property received an exterior facelift as part of the City of Norwich's Home Beautification Program (Curb Appeal Program), and is located just around the corner from the city's recently updated Museum District, and close to the hospital and downtown Norwich NY.
Typical clients of extended stay rentals in this area include UHS Chenango Memorial Hospital (138-bed regional hospital which just completed a large-scale renovation), NBT Bank, Chobani, and GE Aerospace, Utility Subcontractors, Project-based Workers, as well as insurance placements. There is a high demand for extended stay and traveling nurse/medical staff housing in the area as there are limited rentals and hotels.
Airbnb/VRBO rentals are popular in summer months for local tourism, the Chenango Blues Fest, Gus Macker, Colorscape Chenango, Chobani Fall Harvest Market, Chenango County Fair, and numerous other local events. Cooperstown, Colgate University and state parks and lakes are a short distance away....
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Home facts
- Year built:1885
- Listing ID #:R1688679
- Added:14 day(s) ago
- Updated:June 28, 2026 at 09:59 PM
Rooms and interior
- Bedrooms:5
- Flooring:Carpet, Hardwood, Varies, Vinyl
- Basement:Yes
- Basement Description:Full, Partial, Walk Out Access
- Living area:5,486 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Baseboard, Electric, Forced Air, Gas, Heat Pump
Structure and exterior
- Roof:Asphalt, Metal, Shingle
- Year built:1885
- Building area:5,486 sq. ft.
- Lot area:0.3 Acres
- Lot Features:Irregular Lot, Residential Lot
- Construction Materials:Vinyl Siding
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$449,900
- Price per sq. ft.:$82.01
- Tax amount:$9,454
Features and amenities
- Amenities:Furnished
Parking
- Parking description:Driveway, No Garage, Shared Driveway
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