USANYCairo586 Old Route 23
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$2,995,000

For Sale

3 days ago

586 Old Route 23, Cairo, NY

MLS® 20260761

26 Bed

0 Bath

12522 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 12522 sqft
Garage No
Taxes $19,873
Days Active 3
Lot Size 4.7 acres
Approx. Age 1960
Avg. Price Per Sqft $239
MLS® Number 20260761

Property Address: 586 Old Route 23, Cairo, NY, 12413-3643

Average square foot calculated using Size range provided by listing agent.

Description

Turn-key scale, operational efficiency, and long-term upside. Set on 4.7 acres with 5 detached buildings: a main building with 10 various sized units, a single unit cottage, and two motel-style outbuildings, one with 8 units, and one with 2 units. 20 units are currently leased, with a 21st delivered leased at closing. Units are individually metered, supporting transparent operating expenses and clear NOI reporting. The 4.7-acre parcel may offer additional development potential, subject to municipal approvals. Seller may consider some owner financing for qualified buyers. Nearby communities including Hudson, Leeds, Catskill, and Windham are seeing renewed investment and development activity, from boutique hospitality to mixed-use revitalization projects--driving economic activity and long-term rental stability across Greene County. Located directly off Route 23, it serves a tenant base spanning a range of incomes and occupations. The property delivers dignified, well-maintained housing that tenants stay in, not cycle through--making it especially well-positioned in a region where demand for workforce housing continues to outpace supply.
MLS® Number20260761
Laundry Level
Central VacNo
FireplaceNo
Acreage4.7
Exterior
GarageNo
Approx. Age1960
Basement
Driveway
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 2, 2026List Date
$2,995,000List Price
  • Commute

Commute

Starting Address
Destination Address
586 Old Route 23, Cairo, NY

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