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    389 Mckay Rd Amsterdam, NY 12010

    Pending
    For Sale
    $550,000

    MULTI_FAMILY - Other - Amsterdam, NY

    Property size:
    6,424 SF
    Lot size:
    5.00 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 389 Mckay Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 9, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 11, Bedroom 10, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 6, Bedroom 1
    Bedrooms
    11
    Bathrooms
    6
    APN
    173600 178.-7-11
    Parking
    30
    Patio and Porch features
    Deck
    Interior features
    High Speed Internet
    Size
    6,424 SF
    Lot size
    5.00 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Forced Air
    Water front features
    Creek

    Building Details

    Year built
    1944
    Number of units
    6
    Flooring type
    Vinyl, Tile, Carpet, Laminate
    Building materials
    Block, Vinyl Siding
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    Inglenook Realty, Inc. (518) 882-6236 [email protected]

    Listing agent Michael DiMezza License #10401305869

    Listing date Sep 25, 2025

    Copyright © 2025 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.

    Overview

    Spacious 6-Unit Rental Property

    This spacious 6-unit rental property is situated on 5 acres within the Broadalbin-Perth School District. The property has a solid rental history, with several units featuring updated flooring and modernized kitchens. A large, rentable garage and an on-site office provide additional convenience and income potential. Many of the furnaces have been updated. The annual taxes are $5,700. This property combines income potential with room to grow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Building Supply Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Amsterdam
    County
    Montgomery
    State
    New York
    Longitude
    -74.211722
    Latitude
    42.990647

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    FAQs

    What type of property is this?
    Apartment building - 6-unit property on 5 acres in Broadalbin-Perth School District.
    Where is this apartment building located?
    The property is located at 389 Mckay Rd Amsterdam, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Strong income potential with a solid rental history in a desirable location.; - Spacious 6-unit rental property on 5 serene acres.; - Low annual taxes of $5,700, improving profitability.
    (518) 882-6236
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    Realmo Value Estimation

    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.

    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.

    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
    389 Mckay Rd Amsterdam, NY 12010
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