2 - 10 S Central Avenue
Mechanicville, NY 12118
19
Bed
11
Bath
11,016Sqft
0.12Acre(Lot)
Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 19Bathroom Information
Total Baths: 11 Full Baths: 11Room Information
Has Basement: Yes Basement: Full, Unfinished, Other -
Roofing Information
Flat, Rubber -
Interior Features
Other Roof: Flat, Rubber -
Heating & Cooling
Has Heating: Yes Heating: Electric, Natural Gas
-
Building Information
Year Built: 1924 Construction Materials: Other, Block, Brick Private Pool: No View: City, Downtown -
Exterior Features
Exterior Features: Other
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Lot Information
Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2 Lot Description: Level, Cleared
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Listing Price Information
Listing Price: $1550000
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Tax Information
Parcel Number: 411000 262.61-3-19 Tax Lot: 19.000 Tax Block: 3 Annual Tax: $18579
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Parking Information
Parking Total: 6 Other, Off Street
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Utility Information
Sewer Connected -
Location Information
Direction: Route 67 to Route 4/S Central Ave. Property is located in the heart of Downtown Mechanicville. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 202 S Main Street, Mechanicville, NY, 12118 | $229,900 | 6 | 2 | 2,929 | 0.13 Acre |
| 96-98 Railroad Street, Mechanicville, NY, 12118 | $570,000 | 6 | 6 | 3,740 | 0.26 Acre |
| 617 Elizabeth Street, Mechanicville, NY, 12118 | $255,000 | 5 | 2 | 2,000 | 0.08 Acre |
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ByOwner last updated this listing 10/10/2026 @ 20:46
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