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:$415,000
- Price per sq. ft.:$85.27
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:13 day(s) ago
- Updated:April 25, 2026 at 02:50 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:$415,000
- Price per sq. ft.:$85.27
- 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
$2,250,000Active5 beds 3 baths2,652 sq. ft.38306 Windward Cliffs, Clayton, NY 13624
MLS# S1673087Listed by: GARLOCK REALTY
$49,900Active0.96 Acres16973 May Irwin Road, Clayton, NY 13624
MLS# S1669653Listed by: BRIDGEVIEW REAL ESTATE
$2,300,000Active12 beds 6 baths5,178 sq. ft.40029 Whiskey, Clayton, NY 13624
MLS# S1667550Listed by: BRIDGEVIEW REAL ESTATE
$329,900Active3 beds 1 baths1,344 sq. ft.17079 May Irwin Road, Clayton, NY 13624
MLS# S1666548Listed by: LAKE ONTARIO REALTY, LLC
$318,000Pending3 beds 2 baths1,450 sq. ft.409 Franklin Street, Clayton, NY 13624
MLS# S1665449Listed by: FOUR SEASONS SOTHEBY'S INTER.
$525,000Active2 beds 3 baths1,649 sq. ft.146 State Street #114, Clayton, NY 13624
MLS# S1666130Listed by: HOWARD HANNA-WATERTOWN
Listed by ERA$80,000Pending2 beds 1 baths1,008 sq. ft.38876 Bartlett Point Road, Clayton, NY 13624
MLS# R1665510Listed by: HUNT REAL ESTATE ERA/COLUMBUS
$749,000Active3 beds 4 baths3,880 sq. ft.15209 Heritage Drive, Clayton, NY 13624
MLS# S1664854Listed by: HOWARD HANNA-WATERTOWN
$389,000Pending2 beds 1 baths1,054 sq. ft.15477 Round #485, Clayton, NY 13624
MLS# S1664760Listed by: BRIDGEVIEW REAL ESTATE