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Investment Property in Alexandria, NY
For Sale
$350,000

38 Walton St, Alexandria, NY 13607

Multifamily property with year-round and seasonal rental units.

Lot Size1.50 Acres
Days on Market244

Property Features for 38 Walton St

General Information

Standard status Active
Lot size 1.50 Acres
Property subtype Multi Family

Building Details

Year Built 1890
Listing Agency: Garlock Realty
Listed By: Cathy F Garlock · License #40GA0888002
Source: Elliman
Added: Nov 28, 2025 Changed: Jul 6 Last Checked: Jul 29 at 8:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Garlock Realty

Investment Insights

Based on property information with market context.

This commercial investment property is located in the 1000 Islands area, situated on 1.5 acres in the village. The property offers a water view of the main channel. The main house includes 5 year-round rental units, with an additional 8 units rented seasonally. The location is within walking distance to the river, shops, school, and downtown. There is spacious parking available, and the property offers the potential to add more units.

Key Highlights

  • Established commercial investment property in the 1000 Islands.
  • Excellent rental history with 5 year‑round and 8 seasonal units.
  • Potential for expansion with room to add more units.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Plumbing Service Hair Salon Grocery & Convenience Store Law Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby

Demographics for 13607, NY

1,610
Population
2,079
Households
0.8
Avg Household Size
52
Median Age
34%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
99
Density / Sq Mi
$58,167
Median Household Income
$45,625
Median Earnings
$649
Median Rent
$168,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with year-round and seasonal rental units.
Where is this apartment building located?
The property is located at 38 Walton St Alexandria, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Established commercial investment property in the 1000 Islands.; Excellent rental history with 5 year‑round and 8 seasonal units.; Potential for expansion with room to add more units.
More about this property
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