1371 Oak Hill Road
About This Property
The property sits in the western foothills of the Catskill Mountains, Town of Franklin, with the Catskill Park boundary just to the southeast, in the Ouleout Creek watershed that feeds the East Sidney Reservoir system. Terrain is rolling and largely forested, with a mix of timber, some open and tillable ground, and trails already cut across the property.
At this size, you can hunt, ride, and roam without leaving your own land - a real advantage. Whitetail deer, turkey, bear, and small game are all part of the local mix. In winter, the surrounding area connects into a large network of maintained snowmobile trails, local clubs keep hundreds of miles open throughout the county, with the Catskill Scenic Trail and Delaware Wild Forest nearby for more riding, hiking, and skiing.
A parcel this size is also well suited to New York State's forest and county land management and conservation programs, which can lower carrying costs on managed timberland - worth a conversation with a DEC forester.
The Village of Franklin, a National Register historic district on NY-357, is minutes away. Oneonta - full shopping, dining, hospital access - is about 11 miles north; Walton is roughly 12–14 miles south; Delhi and Sidney are both a short drive. Close enough to village amenities for convenience, remote enough to stay private.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2026 | Listed by Frank Lumia Real Estate Plus!, LLC | $395,000 | |
| Listed by Frank Lumia Real Estate Plus!, LLC | |||
| Aug 8, 2023 | Sold | ||
| Sold | |||
| Dec 29, 2022 | Listed by Frank Lumia Real Estate Plus!, LLC | $364,900 | |
| Listed by Frank Lumia Real Estate Plus!, LLC | |||
| Aug 9, 2021 | Sold | ||
| Sold | |||
| Jul 27, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017