$999,900
Nassau, NY 12123
MLS# 202627395
8.5 baths | 6558 sqft
1 / 64
Property Description
INVESTOR ALERT! This fantastic property is a great money maker, with a 9+ Cap Rate! Eight fully rented units in four buildings on a one-acre village lot with approximately 122,500 thousand in annual gross income. Village-approved plans and permits are already in place to convert the garage into two two-bedroom apartments along with County-approved septic plans. Additional septic plans allow for the possible conversion of the unfinished basement into another 2-bedroom apartment pending town approval. Recent improvements include new siding on all buildings, new or recoated roofs, and four new electric services. 6 of the 8 units have been renovated; kitchens, baths, appliances, lighting, water heaters, vinyl plank flooring, and freshly painted. The property includes two up-and-down duplexes and two side-by-side duplexes. The lot extends from Chatham Street to Johns Street, with the Rail Trail near the rear entrance and village shops and restaurants close by. Buyers should verify income, expenses, approvals, and expansion potential. 10 minutes to East Greenbush. 20 minutes to Rensselaer and downtown Albany.
Details
Maps
Contract Information
Status: Active
Property Sub Type: Multi Family
Original List Price: 999900
List Price: $999,900
Listing Contract Date: 2026-09-29
Current Price: $999,900
List Price/SqFt: 152.47
List Price/Acres: 999900
Location
Street Number: 14
Street Name: Chatham
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12123
City/Town (Mail): Nassau
Cross Street: Route 20 aka Church Street
Geo Lat: 42.515404
Geo Lon: -73.611006
Property Detail
Year Built: 1900
Stories: 2
Number Of Buildings: 4
Bathrooms Total: 8.5
Lot Size Square Feet: 43560
Zoning: Multi Residence
Lot Size Dimensions: irregular
Lot Size Acres: 1
Building Area Total: 6558
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Parking Y/N: Yes
Financial Details
Full Market Assessment: 494804
Tax Assessed Value: 264720
General Taxes: 2140
School Taxes: 6060
School Taxes Description: Actual
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Parking Features
Parking Total: 20
Status Change Info
Status Change Date: 2026-10-01
Property Features
Architectural Style: Multiple Dwelling Unit
Basement: Full; Unfinished
Construction Materials: Block; Drywall; Frame; Vinyl Siding
Cooling: None
Current Use: Multi-Family
Business Type: Residential
Electric: 100 Amp Service; Circuit Breakers
Exterior Features: None
Flooring: Carpet; Laminate; Linoleum; Vinyl
Heating: Baseboard; Forced Air; Oil
Interior Features: High Speed Internet; Paddle Fan
Lot Features: Cleared; Irregular Lot; Level; Road Frontage
Other Structures: Shed(s)
Parking Features: Gravel; Off Street; Paved
Patio And Porch Features: Enclosed
Possession: At Closing
Possible Use: Multi-Family
Roof: Asphalt; Metal; Rolled/Hot Mop; Shingle
Sale Includes: Building & Land
Sewer: Shared Septic
Showing Requirements: Agent to Accompany; Call Listing Agent; No Sign; Occupied; Pet(s) on Premises; Other
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Heat; Internet
Water Source: Public
Listing Courtesy of Berkshire Hathaway Home Services Blake
Listing Agent: Karen R Westman
518-366-7788 | kwestman@bhhsblake.com
518-366-7788 | kwestman@bhhsblake.com
