Nicholas Falcone
Licensed Real Estate Salesperson
REALTOR®
Stamford, NY
Office: (607) 652-2220 (631) 384-1507

586 Old Route 23 , Cairo, NY 12413

New - 22 Hours Ago

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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.

586 Old Route 23 | MLS# 20260761

This multi-family property located at 586 Old Route 23 , Cairo, NY 12413 is currently listed for sale with an asking price of $2,995,000. Old Route 23 is located within the Cairo-Durham Central School District school district. Search Cairo real estate on nicholas-falcone.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Garage: 1
Lot Size: 4.70 Acres
Taxes: $19,873
Year Built: 1960

Feature Descriptions

Parcel #: 192400
SQFT Total: 12522
Units: 21

Local Schools

School District: Cairo-Durham Central School District

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Estimated Payment

$ 9,195.20 per month $6,665.57 Principal & Interest $1,656.08 Property Tax $873.54 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Hudson Modern

Shown By

Agent Name: Nicholas Falcone
Agent Phone: (631) 384-1507
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 1:11:38 AM EST) or Global MLS (last updated Tue 03/03/2026 1:06:55 AM EST) or New York State Alliance MLS (last updated Tue 03/03/2026 1:10:29 AM EST) or Hudson Valley Catskill Region MLS (last updated Tue 03/03/2026 12:11:14 AM EST) or OneKey MLS (last updated Tue 03/03/2026 1:10:05 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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