Multifamily Property Investment
For Sale
$269,898
136 Wells Avenue, Middleburgh, NY 12122
Five-unit property with strong cash-on-cash return and consistent rental income.
Property Size3,312 SF
Price / SF$81.49
Days on Market430
Property Features for 136 Wells Avenue
General Information
Standard status
Active
Size
3,312 SF
Total Parking Spaces
5
Property subtype
Multi Family / Multi Family
Taxes and HOA fees
Annual Taxes
$5,758
Amenities
Metal
None, No
Electric, Hot Water, Oil, Yes
Unfinished
True
Carpet, Hardwood, Laminate
Stone
Wood Siding
Storm Window(s)
Smoke Detector(s), Carbon Monoxide Detector(s)
Covered
Building Details
Year Built
1960
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Brian J Ward · License #30WA0495870
(518) 229-7355
Source:
Compass
Added: Jun 30, 2025
Changed: Sep 2
Last Checked: Aug 1 at 11:12AM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This 5-unit multifamily property offers a strong investment opportunity with a 10% cash-on-cash return on investment and a net operating income of $27,531. The property, situated on a corner lot, includes off-street parking for 5 vehicles. The unit mix consists of four 1-bedroom units and one 2-bedroom unit. Each unit is separately metered with 100-amp circuit breakers. A new roof was installed 3 years ago. Located 30 minutes from Albany, the property is in a commuter-friendly location with consistent rental income. The property size is 3312 square feet.
Key Highlights
- Strong 10% Cash‑on‑Cash ROI with $27,531 NOI.
- Five units: four 1‑bedroom and one 2‑bedroom.
- Separately metered units with 100‑amp circuit breakers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 12122, NY
3,763
Population
2,395
Households
1.6
Avg Household Size
50
Median Age
20%
College-Educated
90%
High-School Grad
102.1 sq mi
ZIP Area
37
Density / Sq Mi
$54,308
Median Household Income
$39,102
Median Earnings
$1,019
Median Rent
$172,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property with strong cash-on-cash return and consistent rental income.
Where is this apartment building located?
The property is located at 136 Wells Avenue Middleburgh, NY.
What is the asking price?
The asking price for this property is $269,898.
What are key features of this property?
This property features: Strong 10% Cash‑on‑Cash ROI with $27,531 NOI.; Five units: four 1‑bedroom and one 2‑bedroom.; Separately metered units with 100‑amp circuit breakers.
