Rented Multifamily Property on
1300 S Schodack Road, Castleton on Hudson, NY 12033
MULTI_FAMILY - Ranch - Castleton On Hudson, NY
Type:Single Family Residence
Property size:
7,608 SFLot size:
1.02 AcresPrice / SF:
$170/SF- Added:
- Mar 25, 2026
- Days on Market:
- 82
- Last Refresh:
- Jun 14 at 10:06 pm
Property Features for 1300 S Schodack Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Multi Residence
- Bedrooms
- 17
- Bathrooms
- 10
- Rooms
- Bedroom 3, Bedroom 7, Bedroom 16, Bedroom 1, Bathroom 5, Bedroom 14, Bedroom 17, Bathroom 1, Bedroom 9, Bedroom 11, Bedroom 13, Bedroom 15, Bathroom 2, Bedroom 5, Bathroom 7, Bedroom 8, Bedroom 10, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 9, Bathroom 10, Bedroom 4, Bathroom 8, Bedroom 6, Bedroom 12
- Parking
- 15
- Parking features
- Off Street
- Window features
- Double Pane Windows
- Patio and Porch features
- Porch, Deck
- Interior features
- Paddle Fan, High Speed Internet, Walk-In Closet(s)
- Basement
- Partial, Unfinished
- Standard status
- Active
- APN
- 384489 209.-10-6.2
- Size
- 7,608 SF
- Lot size
- 1.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13346
Utilities
- Utilities
- Cable Available
- Sewer type
- Shared Septic
- Heating system
- Forced Air, Electric (Heating), Natural Gas, Baseboard
- Water source
- Well
Building Details
- Year built
- 1840
- Number of units
- 10
- Flooring type
- Carpet, Vinyl, Laminate
- Building materials
- Stone, Block, Drywall, Vinyl Siding, Wood Siding
- Roof type
- Shingle, Asphalt
- Architectural style
- Ranch
Listing agent Karen R Westman License #30WE1064299 (518) 366-7788
Listing office Berkshire Hathaway Home Services Blake 6 Hudson St, Albany, NY (518) 758-1300
Listing date Mar 25, 2026
MLS# 202613972
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.
HighLights
- 3‑building multi‑family on 1‑acre parcel with 10 total units and $150,000 gross annual income (all units fully rented).
- Original 1840 farmhouse renovated with new roof, new siding, double‑pane insulated windows, and soffit & sill work.
- Units have separate electricity, gas, and hot water across buildings for tenant‑level utility separation.
- Each unit uses two heat sources: natural gas hot air wall‑mounted plus electric baseboards.
- Side‑by‑side duplex updates include new roof, double‑pane windows, and rear decks; interior refreshes include paint and new vinyl flooring.
- On‑site amenities include coin‑operated laundry room and lots of off‑street parking with green space.
Overview
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.
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 | $177.1k | $23.28 |
| − Vacancy | −$9.2k | −$1.21 |
| EGI | $167.9k | $22.07 |
| − OpEx | −$75.6k | −$9.93 |
| NOI | $92.3k | $12.14 |
7,608 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,347 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,131 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Castleton on Hudson
- County
- Rensselaer
- State
- New York
- Longitude
- -73.705377
- Latitude
- 42.512038
Nearby Similar for Sale
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 Road 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: 3‑building multi‑family on 1‑acre parcel with 10 total units and $150,000 gross annual income (all units fully rented).; Original 1840 farmhouse renovated with new roof, new siding, double‑pane insulated windows, and soffit & sill work.; Units have separate electricity, gas, and hot water across buildings for tenant‑level utility separation.
