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    1300 S Schodack Rd Castleton on Hudson, NY 12033

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    Sponsored
    For Sale
    $1,299,000

    MULTI_FAMILY - Ranch - Castleton On Hudson, NY

    Type:Single Family Residence
    Property size:
    7,608 SF
    Lot size:
    1.02 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 28 at 3:06 am

    Property Features for 1300 S Schodack Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    Multi Residence
    Rooms
    Bedroom 16, Bathroom 6, Bedroom 17, Bathroom 7, Bedroom 10, Bathroom 1, Bedroom 13, Bedroom 1, Bathroom 4, Bedroom 8, Bedroom 2, Bedroom 11, Bathroom 3, Bedroom 7, Bedroom 12, Bedroom 15, Bathroom 10, Bedroom 14, Bathroom 8, Bedroom 4, Bedroom 9, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 5, Bathroom 9, Bedroom 3
    Bedrooms
    17
    Bathrooms
    10
    APN
    384489 209.-10-6.2
    Parking
    15
    Parking features
    Off Street
    Patio and Porch features
    Deck, Porch
    Interior features
    Paddle Fan, High Speed Internet, Walk-In Closet(s)
    Basement
    Unfinished, Partial
    Size
    7,608 SF
    Lot size
    1.02 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Shared Septic
    Heating system
    Natural Gas, Baseboard, Electric (Heating), Forced Air
    Water source
    Well

    Building Details

    Year built
    1840
    Number of units
    10
    Flooring type
    Vinyl, Carpet, Laminate
    Building materials
    Stone, Block, Drywall, Vinyl Siding, Wood Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Karen R Westman

    Berkshire Hathaway HomeServices Blake, REALTORS

    Listing agent Karen R Westman License #30WE1064299

    Listing date Mar 27, 2026

    MLS# 202613972

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rented Multifamily Property on Acreage

    This multifamily property features three buildings with a total of 10 units situated on a 1.02-acre parcel. The property generates a gross annual income of $150,000, with all units currently rented. The original 1840 farmhouse, comprising four units (three 1-bedroom and one 2-bedroom), has undergone significant renovations, including a new roof, siding, double-pane insulated windows, and soffit and sill work. Interior improvements include fresh paint, updated kitchens and baths, and vinyl flooring in two units. Each unit has separate electricity, gas, and hot water. The side-by-side duplex features a new roof, double-pane windows, and rear decks. Each of the duplex units has 2 bedrooms, large living rooms, good-sized kitchens, and ample closet space. Interior upgrades include fresh paint, updated kitchens and baths, and new vinyl flooring. These units also have separate electricity, gas, and hot water. The ranch-style building contains four identical units, each with 2 bedrooms, large closets, sliding glass doors to the yard, and locked outside storage rooms. Two of these units have been freshly painted with new flooring and kitchen and bath improvements. These units also have separate electricity and gas. All 10 units are equipped with two heat sources: natural gas hot air wall-mounted units and electric baseboards. A coin-operated laundry room is available on-site. The property provides ample off-street parking and green space. It is located near farmland, approximately 10 minutes from East Greenbush or Kinderhook and 15 minutes from Rensselaer and downtown Albany, in the Schodack school district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Daycare Center Food Market Electrical Service Computer & Electronic Repair Tech Support Center Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castleton on Hudson
    County
    Rensselaer
    State
    New York
    Longitude
    -73.705377
    Latitude
    42.512038

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit multifamily property with recent renovations and income potential.
    Where is this apartment building located?
    The property is located at 1300 S Schodack Rd Castleton on Hudson, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Gross annual income of $150,000 from 10 fully rented units.; - Three buildings on a 1-acre parcel, offering diverse rental options.; - Many recent major improvements, including new roofs, siding, windows, and interior upgrades.
    (518) 687-2222
    Request Owner's contact information
    1300 S Schodack Rd Castleton on Hudson, NY 12033
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    Castleton on Hudson, NY 12033
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1300 S Schodack Rd Castleton on Hudson, NY 12033
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    Listing Contact
    Karen R Westman
    Real Estate License ID: 30WE1064299
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