5906 County Road 11
About This Property
5906 County Road 11, Catharine (Alpine), NY 14805
New Price: $79,888
3 Bedrooms | 2 Bathrooms | 2,192 Sq Ft | 0.71 Acre | Detached Garage -- Great Bones & Clear Upside
Solid 1870 country home with good bones on a quiet road just minutes from Watkins Glen, Seneca Lake, and the Finger Lakes. Large covered front porch was repaired and painted in 2024. Original hardwood floors, beautiful solid wood staircase, spacious living room, formal dining room with built-in china cabinet, large kitchen with walk-in pantry, first-floor laundry with chute from the second floor, office/den, and a partially finished stone basement.
Two propane furnaces are already installed (basement + attic unit) - simply add the tank. Currently heated with a coal stove. Private well and septic. Detached garage.
This home has been updated over the years and is livable as-is, with clear upside once the propane tank is added and finishing work is completed. Quiet neighborhood near snowmobile trails and thousands of acres of state land.
Financing will be considered for strong buyers who understand the age of the systems. Motivated seller. Easy to show - lockbox on site.
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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%.
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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 |
|---|---|---|---|
| Aug 16, 2026 | Price Decreased |
$79,888
↓ $10K
(11.1%) | |
| Price Decreased | |||
| Aug 8, 2026 | Price Decreased |
$89,888
↓ $10K
(10%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$99,888
↓ $30K
(23.1%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by Lombardo Homes & Estates | $129,888 | |
| Listed by Lombardo Homes & Estates | |||
| Jun 23, 2026 | Relisted | $112,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017