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98 S Main St - 94-98 S Main St 8 Unit Apartment Building Offered at $695,000 Castleton On Hudson, NY 12033



Investment Highlights
- 8-Unit Mixed-Use Investment Property
- Prime Capital Region Location
- Significant Cash Flow & Upside Opportunity
Executive Summary
Fantastic investment opportunity in a prime Castleton location! This well-maintained 8-unit mixed-use property features 3 commercial spaces and 5 residential apartments, offering investors a strong income-producing asset with excellent upside potential. When fully rented, the property generates over $7,000 per month in gross rental income. Currently, only two units are vacant, providing an immediate opportunity for the next owner to increase cash flow. Agent is owner. Conveniently located just 10 minutes from East Greenbush's shopping, restaurants, and everyday amenities, and only 15 minutes from Downtown Albany, this property appeals to both residential and commercial tenants alike. The residential units offer spacious floor plans, hardwood flooring, tiled bathrooms, and beautiful Hudson River views. Separate utilities help keep expenses low, with tenants responsible for their own heat, hot water, electric, and cable. Landlord expenses are limited to water, sewer, and trash collection. Whether you're an experienced investor looking to expand your portfolio or someone seeking a solid income-producing property, this is an opportunity you won't want to miss. Strong rental history, separate utilities, a desirable location, and excellent cash-flow potential make this a smart addition to any investment portfolio.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $695,000 | Building Size | 7,500 SF |
| Price Per Unit | $86,875 | Average Occupancy | 75% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 8 | Year Built | 1860 |
| Property Type | Multifamily |
| Price | $695,000 |
| Price Per Unit | $86,875 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 7,500 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 1860 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $550.00 | - |
| Studios | 2 | $550.00 | - |
| Studios | 3 | $550.00 | - |
| 1+1 | 4 | $1,050 | - |
| 1+1 | 5 | $875.00 | - |
| 1+1 | 6 | $850.00 | - |
| 1+1 | 7 | $1,250 | - |
| 2+1 | 8 | $1,650 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
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98 S Main St - 94-98 S Main St
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