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Fully Leased 8-Unit Apartment Building
For Sale
$349,900

29613 State Route 12, Clayton, NY 13624

CommercialSale, Clayton, NY

Property Size4,867 SF
Lot Size1.50 Acres
Price / SF$71.89
Days on Market179

Property Features for 29613 State Route 12

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning COM 1
Zoning description Commercial
Parking 25
Parking features Paved or Surfaced
Exterior features PropaneTankLeased
Subdivision Watertown-Clayton Pt 2
Lot features Rectangular, Rectangular Lot
Elementary school district Thousand Islands
Middle school district Thousand Islands
High school district Thousand Islands
Standard status Active
APN 223289-052-000-0001-066-000
Size 4,867 SF
Lot size 1.50 Acres

Taxes and HOA fees

Tax Annual Amount 1976

Utilities

Sewer type Septic Tank
Heating system Propane (Heating)
Water source Well

Building Details

Year built 1940
Floors in Building 1
Number of units 8
Roof type Metal
Listing Agency: Keller Williams Northern New York · Keller Williams Realty
Listed By: Noah Taylor · License #10401359495
Added: Apr 10 Changed: Sep 15 Last Checked: Oct 5 at 7:06AM
MLS# S1672679

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,867-square-foot apartment building contains eight single-story units on 1.5 acres. The unit mix includes five one-bedroom apartments, two studios, and one three-bedroom apartment, with all units occupied. Two recently turned apartments received new flooring, countertops, and kitchen appliances. The property was built in 1940 and features a metal roof, vinyl siding, paved parking, and leased propane heating.

Positioned at the corner of NYS Route 12 and NYS Route 180 in Clayton, the property uses a well for water and a septic tank for sewer service. The fully leased configuration provides in-place rental income, while the existing unit mix includes both smaller studios and larger apartment layouts.

Key Highlights

  • 8‑unit apartment building with five one‑bedrooms, two studios, and one three‑bedroom
  • All eight units occupied; total rent is $6,173/month and $74,076/year
  • 4,867 square feet on 1.5 acres with a large paved parking area

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Acupuncture Department 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

8
Residential units
100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 13624, NY

4,967
Population
3,431
Households
1.4
Avg Household Size
45
Median Age
31%
College-Educated
85%
High-School Grad
63.3 sq mi
ZIP Area
78
Density / Sq Mi
$79,167
Median Household Income
$48,172
Median Earnings
$982
Median Rent
$224,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Single-story apartments with paved parking, established occupancy, and two recently remodeled units.
Where is this apartment building located?
The property is located at 29613 State Route 12 Clayton, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 8‑unit apartment building with five one‑bedrooms, two studios, and one three‑bedroom; All eight units occupied; total rent is $6,173/month and $74,076/year; 4,867 square feet on 1.5 acres with a large paved parking area
More about this property
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