Turn-Key Multifamily Investment
586 Old Rte 23, Cairo, NY 12413
21-unit multifamily property on 4.7 acres near Hudson, NY.
Type:Multifamily
Property size:
12,522 SFLot size:
4.70 AcresPrice / SF:
$239/SF- Added:
- Mar 2, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 1:58 pm
Property Features for 586 Old Rte 23
General Information
- Standard status
- Active
- Size
- 12,522 SF
- Lot size
- 4.70 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Zev Eisenberg License #10401321002
Listing office Hudson Modern
Listing date Mar 2, 2026
Source Crexi
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 Hudson Modern
HighLights
- Turn‑key operation with 20 units currently leased and a 21st delivered leased at closing.
- 4.7‑acre parcel with 5 detached buildings, offering potential for additional development (subject to approvals).
- Individually metered units for transparent operating expenses and clear NOI reporting.
- Located directly off Route 23, providing easy access and a diverse tenant base.
- Strong tenant retention due to well‑maintained housing and high demand for workforce housing in the area.
- Seller may consider up to 20% owner financing for qualified buyers.
Overview
This multifamily property features turn-key scale and operational efficiency. Situated on 4.7 acres, the property includes a main building with 10 units of varying sizes, a single-unit cottage, and two motel-style outbuildings, one with 8 units and another with 2 units, totaling 21 units. Twenty units are currently leased, with a 21st delivered leased at closing. The units are individually metered. The 4.7-acre parcel may offer additional development potential, subject to municipal approvals. The seller may consider up to 20% owner financing for qualified buyers. Located directly off Route 23, the property serves a tenant base spanning a range of incomes and occupations. Nearby communities including Hudson, Leeds, Catskill, and Windham are experiencing renewed investment and development activity, from boutique hospitality to mixed-use revitalization projects. The property delivers well-maintained housing, making it well-positioned in a region where demand for workforce housing continues to outpace supply. The property size is 12,522 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Cairo
- County
- Greene
- State
- New York
- Longitude
- -74.0574065
- Latitude
- 42.3123746
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 21-unit multifamily property on 4.7 acres near Hudson, NY.
Where is this apartment building located?
The property is located at 586 Old Rte 23 Cairo, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Turn‑key operation with 20 units currently leased and a 21st delivered leased at closing.; 4.7‑acre parcel with 5 detached buildings, offering potential for additional development (subject to approvals).; Individually metered units for transparent operating expenses and clear NOI reporting.
