586 Old Route 23, Cairo, NY 12413 (MLS# 20260761)
$2,995,000
Cairo, NY 12413
MLS# 20260761
26 beds | 12522 sqft
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Property 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.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: 586 Route 20 LLC
Lease Considered YN: No
Current Price: $2,995,000
Original List Price: 2995000
List Price: $2,995,000
Status: Active
Listing Contract Date: 2026-03-02
Property Sub Type: Multi Family
Location, Tax, and Legal
911 Address: 586 Old Rt 23, Cairo, NY
Township: Cairo
School District: Cairo-Durham Central School District
General Tax: 19873
School Tax: 0
Tax Annual Amount: 19873
Assessors Full Market Value: 1302600
Tax Assessed Value: 488600
Parcel Number: 192400
Tax Lot: 2
Tax Block: 15
Tax Exemptions YN: No
Zoning: 01
Directions: Corner of Old Rt 23 and Mohican Dr.
General Property Information
Number Of Units Total: 21
Above Grade Finished Area: 12522
Below Grade Finished Area: 0
Lot Size Acres: 4.7
New Construction YN: No
Garage YN: Yes
Attached Garage YN: No
Garage Spaces: 1
Sign On Property YN: No
List Price/SqFt: 239.18
Bedrooms Total: 26
Living Area: 12522
Year Built: 1960
Remarks and Miscellaneous
Public Remarks: 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.
Status Change Information
Status Change Timestamp: 2026-03-02
Major Change Timestamp: 2026-03-02T22:04:07Z
Major Change Type: New Listing
Book Information
Liber/Book: 2022
Page: 780
Section: 0
Location Tax and Legal
Street Number: 586
Street Name: Old Route 23
County: Greene
State: NY
Zip Code: 12413
Town (Taxable): Cairo
Property Features
Listing Courtesy of Hudson Modern
Listing Agent: Zev Eisenberg