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Listed price in listed location currency (USD).
$410,000

600

MLS® S1672658

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 4867 sqft
Garage 
Taxes $1,976
Days Active 19
Lot Size 
Approx. Age 1940
Avg. Price Per Sqft $84
MLS® Number S1672658

Property Address: 29613 State Route 12e, Clayton, NY, 13624

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

Description

Fantastic investment opportunity at highly visible Gunns Corners! This 8-unit apartment building sits prominently at the intersection of NYS Route 12 and NYS Route 180, offering excellent visibility, strong rental appeal, and easy accessibility. Set on a generous 1.50-acre lot, the property features 4, 867 square feet of living space with convenient one-story layouts throughout. The unit mix includes five 1-bedroom apartments, two studio units, and one spacious 3-bedroom apartment—providing a well-balanced and versatile rental portfolio. The remodeled 1-bedroom unit is currently vacant and ready for immediate occupancy, with projected rental income of $800–$900/month. This unit has been thoughtfully updated with new flooring, modern countertops, and brand-new kitchen appliances, making it highly attractive to prospective tenants. The property currently generates $5, 370/month in rental income from existing tenants, delivering solid in-place cash flow with clear upside potential upon leasing the vacant unit. The actual Net Operating Income (NOI) for 2025 exceeded $51, 000, highlighting the property’s strong financial performance. A stable, long-term tenant base enhances reliability, while the large open parking area provides ample off-street parking for residents and guests. With strong financials and value-add potential, this property is an excellent addition to any investment portfolio. Whether you're expanding your holdings or entering the multi-family market, this asset offers both performance and growth opportunity. Schedule your private showing today!
MLS® NumberS1672658
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
BasementNone
DrivewayThree Or More Spaces, Driveway, No Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 11, 2026List Date
$410,000List Price
  • Commute

Commute

Starting Address
Destination Address
29613 State Route 12E, Clayton, NY

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