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16 Beds
9 Baths
6,558 sqft

$999,900

14 Chatham Street, Nassau NY, 12123

Price per sqft$152.47
Built in1900
Property size6,558 sqft
Property typeMulti-family

Overview

Active

Listed Sep 29, 2026

Updated 2 weeks ago

INVESTOR ALERT! This fantastic property is a great money maker as it is, with a 9+ Cap Rate! Eight fully rented units in four buildings on a one-acre village lot with approximately 122,500 thousand in annual gross income. Village approved plans and permit are already in place to convert the garage into 2 - two bedroom apartments along with County approved septic plans. Additional septic plans allow for the possible conversion of the unfinished basement into another 2 bedroom apartment pending town approval. Recent improvements include new siding on all buildings, new or recoated roofs, and four new electric services. 6 of the 8 units have been renovated; kitchens, baths, appliances, lighting, water heaters, vinyl plank flooring, and freshly painted. The property includes two up-and-down duplexes and two side-by-side duplexes. The lot extends from Chatham Street to Johns Street, with the Rail Trail near the rear entrance and village shops and restaurants close by. Buyers should verify income, expenses, approvals, and expansion potential. 10 minutes to East Greenbush. 20 minutes to Rensselaer and downtown Albany.

$6,652/mo

Est. mortgage payment based on a $999,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20265769

Interior Features

Bedrooms
16
Bathrooms
9
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1 Acre

Other Property Details

Taxes
$8,200
Tax Frequency
Annually
Garage
Yes
View
Yes
Municipality
Other
55+/Senior Community
No
MLS provider logo

Listed by Karen Sheffer with Berkshire Hathaway HomeService
Listing Contact:  

The IDX display contains information sourced from the Hudson Valley Catskill Region MLS as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Hudson Valley Catskill Region MLS all rights reserved.

Data last updated on 10/2/2026 at 5:09 AM UTC

 

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