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Multi Family 5+ in Ulster County
MLS Number924797
Address30 Lamb Avenue, Saugerties, NY 12477 show map
Price$4,200,000 show mortgage calculator
Acres1.4
Year Built1959
Est. Sq. Footage0
Elementary SchoolRiccardi Elementary School
Jr High-Middle SchoolSaugerties Junior High School
High SchoolSaugerties Senior High School
Estimated Taxes$46,425
Total Apt Units22
Remarks

Excellent investment opportunity in one of Ulster County's most desirable rental markets. This well-maintained Fair Market 22-unit multifamily property sits on a quiet residential street just minutes from the heart of the Village of Saugerties. The building features a mix of studio, one-bedroom, and two-bedroom apartments, with two three-bedroom duplex units providing strong occupancy and consistent rental income. The building also offers covered parking for most of the tenants and two garages. Each unit offers well-maintained common area entrances, separate utilities, and off-street parking, appealing to both long-term tenants and newcomers drawn to Saugerties' growing community. The property benefits from public water and sewer, low village vacancy rates, and proximity to shopping, dining, and major commuter routes, including I-87 Exit 20. With stable cash flow and opportunity for future rent growth, 30 Lamb Avenue presents a rare chance to acquire a high-yield multifamily asset in a thriving Hudson Valley market. Major improvements include 22 new wall-mounted boilers (providing heat and hot water), updated kitchens and bathrooms throughout most units, hardwood flooring, tiled kitchens and bathrooms in most units, along with balconies off of the dining areas. There is a shopping plaza within a short walking distance of the property, and County bus transportation is available on the corner.

Amenities

This listing is Courtesy of Berardi Realty ().

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