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29613 State Route 12, 
Clayton, NY 13624

$399,900


6

Beds


Bath


4,867

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Noah Taylor

Keller Williams Northern New York

315-459-6619

Last updated:

May 30, 2026, 02:54 PM

MLS#

S1672658

Source:

NY GENRIS

About This Home

29613 State Route 12

Fantastic investment opportunity at highly visible Gunns Corners! This 8-unit apartment building sits prominently at the intersection of NYS Route 12 and NYS Route 180, offering excellent visibility, strong rental appeal, and easy accessibility. Set on a generous 1.50-acre lot, the property features 4,867 square feet of living space with convenient one-story layouts throughout. The unit mix includes five 1-bedroom apartments, two studio units, and one spacious 3-bedroom apartment—providing a well-balanced and versatile rental portfolio. The remodeled 1-bedroom unit is currently vacant and ready for immediate occupancy, with projected rental income of $800–$900/month. This unit has been thoughtfully updated with new flooring, modern countertops, and brand-new kitchen appliances, making it highly attractive to prospective tenants. The property currently generates $5,370/month in rental income from existing tenants, delivering solid in-place cash flow with clear upside potential upon leasing the vacant unit. The actual Net Operating Income (NOI) for 2025 exceeded $51,000, highlighting the property’s strong financial performance. A stable, long-term tenant base enhances reliability, while the large open parking area provides ample off-street parking for residents and guests. With strong financials and value-add potential, this property is an excellent addition to any investment portfolio. Whether you're expanding your holdings or entering the multi-family market, this asset offers both performance and growth opportunity. Schedule your private showing today!

Home Facts

Multi-Family

6 Bedrooms

Built in 1940

Price Summary

399,900

$82 per Sq. Ft.

MLS #:

S1672658

Last Updated:

May 30, 2026, 02:54 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Interior

Living Area:

4,867 Sq. Ft.


Structure

Structure

Building Area:

4,867 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

65,340


Finances & Disclosures

Finances

Price:

$399,900

Price per Sq. Ft:

$82 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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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.