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11-Unit Multifamily Building
New
For Sale
$1,550,000

2 - 10 S Central Avenue, Mechanicville, NY 12118

Most residences offer two bedrooms, with electric service individually metered to each apartment.

Property Size11,016 SF
Price / SF$140.70
Days on Market5

Property Features for 2 - 10 S Central Avenue

General Information

Standard status Active
Size 11,016 SF
Property subtype Multi-family
Net Operating Income $138,450

Additional Details

Multifamily Units 11

Amenities

Other
Accessible Transportation or Bus

Building Details

Year Built 1924
Listing Agency: Realty One Group Key
Listed By: Ryan Mortka · License #10401319216
Source: Signatureonerealtygroup
Added: Oct 4 Changed: Oct 7 Last Checked: Oct 7 at 2:39PM

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 Realty One Group Key

Investment Insights

Based on property information with market context.

This 11-unit apartment property contains 11,016 square feet and dates to 1924. Most apartments have two bedrooms. Improvements include refreshed finishes in many units, and 10 apartments are occupied. Electricity is separately metered, with tenants responsible for that service; natural gas boilers provide landlord-supplied heat.

The property is in downtown Mechanicville, New York.

Key Highlights

  • 11‑unit multifamily property with 11,016 square feet
  • 10 of 11 units occupied
  • Predominantly two‑bedroom apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office Kitchen & Bath Showroom Electrical Service Grocery & Convenience 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.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

405
Businesses Nearby

Demographics for 12118, NY

16,618
Population
8,079
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
35.3 sq mi
ZIP Area
471
Density / Sq Mi
$91,182
Median Household Income
$54,079
Median Earnings
$1,105
Median Rent
$315,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Most residences offer two bedrooms, with electric service individually metered to each apartment.
Where is this apartment building located?
The property is located at 2 - 10 S Central Avenue Mechanicville, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 11‑unit multifamily property with 11,016 square feet; 10 of 11 units occupied; Predominantly two‑bedroom apartments
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