29613 State Route 12, Clayton, NY 13624
Local realty services provided by:HUNT Real Estate ERA
Listed by: noah taylor
Office: keller williams northern new york
MLS#:S1672658
Source:NY_GENRIS
Price summary
- Price:$399,900
- Price per sq. ft.:$82.17
About this home
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!...
Contact an agent
Home facts
- Year built:1940
- Listing ID #:S1672658
- Added:60 day(s) ago
- Updated:June 10, 2026 at 02:48 PM
Rooms and interior
- Bedrooms:6
- Flooring:Laminate, Varies, Vinyl
- Kitchen Description:Refrigerator
- Basement:Yes
- Living area:4,867 sq. ft.
Heating and cooling
- Heating:Propane, Wood
Structure and exterior
- Roof:Metal
- Year built:1940
- Building area:4,867 sq. ft.
- Lot area:1.5 Acres
- Lot Features:Rectangular
- Construction Materials:Vinyl Siding
- Exterior Features:Patio
- Levels:1 Story
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$399,900
- Price per sq. ft.:$82.17
- Tax amount:$1,976
Features and amenities
- Appliances:Gas Range, Refrigerator
- Laundry features:Common Area
Parking
- Parking description:Driveway, No Garage
New listings near 29613 State Route 12
$189,000Active1.33 Acres37072 Nys Rte 12 E, Clayton, NY 13624
MLS# S1651584Listed by: GARLOCK REALTY- New
$179,900Active3 beds 2 baths1,100 sq. ft.36976 State Route 12e, Clayton, NY 13624
MLS# S1687427Listed by: LAKE ONTARIO REALTY, LLC - New
$399,900Active3 beds 2 baths1,715 sq. ft.36978 State Route 12e, Clayton, NY 13624
MLS# S1687452Listed by: LAKE ONTARIO REALTY, LLC - New
$199,900Active2 beds 1 baths672 sq. ft.16354 Grenell, Clayton, NY 13624
MLS# S1686851Listed by: LAKE ONTARIO REALTY, LLC - New
$225,000Active3 beds 2 baths1,400 sq. ft.34777 Clayton Center Road, Clayton, NY 13624
MLS# S1687108Listed by: REALTY BY THE RIVER, INC.
$65,000Active1.9 Acres0 Lot D County Rt 179, Clayton, NY 13624
MLS# S1685412Listed by: HOWARD HANNA-WATERTOWN
$65,000Active1.8 Acres0 Lot C County Rt 179, Clayton, NY 13624
MLS# S1685417Listed by: HOWARD HANNA-WATERTOWN
$75,000Active0.95 Acres15189 Valley Drive, Clayton, NY 13624
MLS# S1684786Listed by: GARLOCK REALTY
$929,500Active4 beds 2 baths1,972 sq. ft.40496 Riverwood Estates Lane, Clayton, NY 13624
MLS# S1684212Listed by: FOUR SEASONS SOTHEBY'S INTER.
$599,900Active8 beds 4 baths4,000 sq. ft.405/407 James Street, Clayton, NY 13624
MLS# S1683630Listed by: LAKE ONTARIO REALTY, LLC