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586 Old Route 23

Cairo, NY 12413
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Bed 26

Bed

Bath 0

Bath

SqFt12,522

Sqft

Acres4.70

Acres(Lot)

Turn-key scale, operational efficiency, with both short and long-term upside. Set on 4.7 acres, with 5 detached buildings: a main building with 9 various-sized units, a single-unit cottage, and two motel-style outbuildings -- one with 8 units and one with 2 units, all individually metered. There is space for a 21st, 3 bedroom apartment, an empty garage that can be leased commercially, and the parcel offers even more long term development potential with additional units, self-storage and more, subject to municipal approvals. The property has undergone a comprehensive renovation program across the majority of units -- ranging from fresh paint and new flooring to full gut renovations including new kitchens, bathrooms, electrical, plumbing, sheetrock, heating, and appliances. Infrastructure improvements include a complete water system overhaul, a new septic tank installation, repair of three existing septic tanks, and a new roof on two units. The result is a stabilized, well-capitalized asset with deferred maintenance addressed and a clean operating baseline going forward. 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, the property serves a tenant base spanning a range of incomes and occupations. It 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. RECENT IMPROVEMENTS New roof on main building and multiple units Parking lot graded and stoned Exteriors painted 1 new septic tank 3 septic tanks repaired Landscaping UNIT IMPROVEMENTS Unit 1 -- No renovation; tenant has lived there approximately 10 years Unit 2 -- Full renovation: new kitchen, flooring, bathroom, appliances Unit 3 -- New paint, new bathroom Unit 4 -- New paint Unit 5 -- New paint Unit 6 -- New paint Unit 7 -- Major renovation: new bathroom, flooring, doors, lighting, kitchen, appliances Unit 8 -- New paint Unit 9 -- New paint Unit 10 -- New paint Units 11-18 -- Full renovation: electrical, sheetrock, heating, bathrooms, flooring, plumbing, lighting Unit 19 -- New paint, new kitchen, new flooring Unit 20 -- New flooring, new kitchen, new paint

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,400,000

AD Id : 75749934

MLS Id : 20260761

Beds : 26

Lot Size : 4.70 Acres

Living Area Size : 12,522

Year Built : 1960

Garage : 1

County : Greene

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Feature Features

  • Bedroom Information

    Total beds: 26

  • Building Information

    Year Built: 1960 Building Area Total: 12522 Private Pool: No

  • Lot Information

    Main Square Feet: 4.7 Acres Lot Size Acres: 4.7 Lot Size Square Feet: 204732

  • Listing Price Information

    Listing Price: $2400000 Original Price: $2995000

  • Tax Information

    Parcel Number: 192400 Tax Lot: 2 Tax Block: 15 Annual Tax: $19873

  • Garage Information

    Has Garage: Yes Garage Space: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
24 Grove Street, Cairo, NY, 12413 $360,000 5 3 2,100 2,100 SqFt
460 Main Street, Cairo, NY, 12413 $139,900 3 -- 3,003 3,003 SqFt
579 Main Street, Cairo, NY, 12413 $345,000 6 -- 3,024 3,024 SqFt
526 Mountain Avenue, Cairo, NY, 12413 $465,500 10 -- 4,953 4,953 SqFt
638 Main Street, Cairo, NY, 12413 $199,900 3 3 3,143 3,143 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Ulster County Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Ulster County Board of REALTORS®, Inc.

ByOwner last updated this listing 06/07/2026 @ 02:13

MLS: 20260761 LISTED BY: Zev Eisenberg, Hudson Modern SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)

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