Listing provided courtesy of ERA Team VP Real EstateMLS# R1651018MLS ProviderContact Information: 716-397-4382
  • 227 days on site
  • 3 views

This is a package deal with 2 W Main St Ripley which is a commercial retail/office building. Welcome to 5 South State Street, a fully renovated two-family home. Both apartments have been completely updated, including new electrical, plumbing, flooring, and walls. The lower unit features 2 bedrooms, 2 bathrooms, and convenient washer/dryer hookups. The upper unit offers 2 bedrooms and 1 bathroom. Both units are fully rented, providing immediate income-producing potential for investors or owner-occupants. , Next door is 2 West Main Street is a fixer-upper packed with potential. Sitting on a corner lot, The main level offers spacious commercial space that previously housed the town’s hardware store for many years. Original built-in drawers and cabinetry remain, adding timeless charm and character to this turn-of-the-century building. The first floor is ideal for retail, office, or mixed-use space, with excellent visibility in a high-traffic village location. The upper level is a blank canvas, ready to be transformed into one or two modern apartments or additional office suites. This package deal offers a unique opportunity to own both commercial and residential investment properties in the heart of Ripley, NY, just minutes from Lake Erie and the Pennsylvania state line.

Source: New York Alliance, MLS#: R1651018

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  • Property Type
    Residential Income

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Daniel Terhune
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  • Median Age
    38
  • Population Density
    45
  • College Educated
    29%
  • Estimated Median Income
    $48,523
  • Estimated Total Home Owners
    840
  • Estimated Total Renters
    153
  • Owner / Renter Divide
    85% / 15%
  • Estimated Average Household Size
    3
  • Total Population
    2,520
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5 S State Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/21/2026Source: New York Alliance Status Change
Active
5/15/2026Source: New York Alliance Status Change
Expired
2/25/2026Source: New York Alliance Price Reduction
$199,999 -9.1%
11/15/2025Source: New York Alliance Added to Database
November 15, 2025