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586 Old Route 23, 
Cairo, NY 12413

$2,995,000


26

Beds


Bath


12,522

Sq Ft


Multi-Family

Active

Listed by

Zev Eisenberg

Sheneur Menaker

Hudson Modern

845-579-8050

Last updated:

March 2, 2026, 11:58 PM

MLS#

20260761

Source:

NY MLSUC

About This Home

586 Old Route 23

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.

Home Facts

Multi-Family

26 Bedrooms

Built in 1960

Price Summary

2,995,000

$239 per Sq. Ft.

MLS #:

20260761

Last Updated:

March 2, 2026, 11:58 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

26

Interior

Living Area:

12,522 Sq. Ft.


Structure

Structure

Building Area:

12,522 Sq. Ft.

Year Built:

1960


Lot

Lot Size (Sq. Ft):

204,732


Finances & Disclosures

Finances

Price:

$2,995,000

Price per Sq. Ft:

$239 per Sq. Ft.

Source:NY MLSUC
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.