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Renovated Apartments on Seven Acres

17564 State Route 22 Berlin, NY 12022

Claim this Listing
For Sale
$499,000

MULTI_FAMILY - Other - Berlin, NY

Property size:
2,425 SF
Lot size:
7.00 Acres
Price / SF:
$205/SF
Added:
Apr 1, 2026
Days on Market:
103
Last Refresh:
Jul 12 at 10:06 pm

Property Features for 17564 State Route 22

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
7
Rooms
Bedroom 7, Bedroom 10, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bedroom 2, Bedroom 8
Parking
8
Parking features
Off Street
Basement
Walk-Out Access
Standard status
Active
APN
382000 152.-1-7.12
Size
2,425 SF
Lot size
7.00 Acres

Taxes and HOA fees

Tax Annual Amount
3736

Utilities

Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Window Unit(s)

Building Details

Year built
1810
Number of units
7
Building materials
Vinyl Siding, Wood Siding
Roof type
Shingle, Metal, Asphalt
Architectural style
Other

Listing agent Christian M Bertrand License #10301218097

Listing office Howard Hanna Capital Inc 102 Van Rensselaer Sq Ste. L, Clifton Park, NY

Listing date Apr 1, 2026

MLS# 202614349 Listing URL

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.


Investment Insights

Based on property information with market context.

This property features newly renovated apartments across two separate structures, suitable for investors or future homeowners. The units are well-maintained and currently occupied. Recent updates include newer roofs, electrical systems, plumbing, and windows. The property is situated on 7 acres of land in Berlin, New York, near Berlin High School and with proximity to Vermont, Massachusetts, and the Jiminy Peak Ski Resort. The property size is 2425 square feet.

Key Highlights

  • Two separate structures with newly renovated apartments, each unit currently occupied
  • On 7 acres of land
  • Renovations include newer roofs, newer electrical, newer plumbing & electrical, and newer windows

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $56.5k $23.28
− Vacancy −$2.9k −$1.21
EGI $53.5k $22.07
− OpEx −$24.1k −$9.93
NOI $29.4k $12.14
2,425 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$420.5K
$367.9K – $490.6K (±1% cap)
NOI $29,435 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.2K
$530.4K – $707.3K (±1% cap)
NOI $42,435 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Building Supply Food Market Restaurant

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

FAQs

What type of property is this?
Apartment building - Newly renovated apartments on 7 acres in Berlin, NY.
Where is this apartment building located?
The property is located at 17564 State Route 22 Berlin, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two separate structures with newly renovated apartments, each unit currently occupied; On 7 acres of land; Renovations include newer roofs, newer electrical, newer plumbing & electrical, and newer windows
Contact an agent
More about this property
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