29613 State Route 12, Clayton, NY 13624
Local realty services provided by:ERA Team VP Real Estate
Listed by: noah taylor
Office: keller williams northern new york
MLS#:S1672658
Source:NY_GENRIS
Price summary
- Price:$375,000
- Price per sq. ft.:$77.05
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!...
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Home facts
- Year built:1940
- Subdivision & Development:Watertown-Clayton Pt 2
- Listing ID #:S1672658
- Added:154 day(s) ago
- Updated:September 12, 2026 at 03:08 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:$375,000
- Price per sq. ft.:$77.05
- Tax amount:$1,976
Features and amenities
- Appliances:Gas Range, Refrigerator
- Laundry features:Common Area
Parking
- Parking description:Driveway, No Garage
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