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Multifamily Property in Alexandria, NY
For Sale
$324,900

38 Walton Street, Alexandria Bay, NY 13607

Multifamily property with year-round and seasonal rental units.

Property Size5,616 SF
Lot Size1.50 Acres
Price / SF$57.85
Days on Market229

Property Features for 38 Walton Street

General Information

Standard status Active
Size 5,616 SF
Total Parking Spaces 1
Lot size 1.50 Acres
Property subtype Commercial
Zoning Commercial, Commercial

Taxes and HOA fees

Annual Taxes $12,085

Building Details

Building Size 5,616 SF
Year Built 1890
Buildings 1
Stories 2
Listing Agency: Garlock Realty
Listed By: Cathy F Garlock · License #40GA0888002
Source: Garlockrealty
Added: Mar 11 Changed: Oct 24 Last Checked: Oct 24 at 7:16PM

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

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Investment Insights

Based on property information with market context.

This commercial investment property is situated on 1.5 acres in the village and offers a water view of the main channel. The property includes a main house featuring 5 year-round rental units, along with an additional 8 units rented seasonally. A 3-bedroom, 1-bathroom home and a spacious garage are located behind the main house. The large parcel has potential for development into condos or a motel/hotel. The location is within walking distance to the river, shops, school, and downtown. There is ample room to add more units and spacious parking available. The owners have an excellent rental history.

Key Highlights

  • Established commercial investment property in the 1000 Islands with excellent rental history.
  • Large 1.5‑acre parcel with water view and development potential for condos or a motel/hotel.
  • Includes five year‑round rental units and eight seasonal rental units.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

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 Street Alexandria Bay, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Established commercial investment property in the 1000 Islands with excellent rental history.; Large 1.5‑acre parcel with water view and development potential for condos or a motel/hotel.; Includes five year‑round rental units and eight seasonal rental units.
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