Courtesy: Keller Williams Realty HV Nort
845-481-2700
Welcome to an exceptional investment opportunity in the charming riverfront Village of Athens, where historic character meets modern upgrades. This beautifully restored five-family brick building has been thoughtfully renovated from top to bottom, offering investors a true turnkey property with strong cash flow and long-term value. Between 2021 and 2022, the property underwent an extensive gut renovation, with the exception of Apartment 2, preserving its charm while modernizing the remaining units with updated systems, finishes, and amenities. The result is a meticulously maintained, income-producing asset that blends timeless architecture with today's conveniences. Fully occupied with reliable tenants, this property delivers an excellent cap rate and immediate income from day one. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is the type of investment that rarely becomes available--well maintained, fully leased, and positioned for continued appreciation. Located in the heart of the vibrant river town of Athens, residents enjoy walkable access to restaurants, coffee shops, boutiques, parks, and the Hudson River waterfront. Just minutes to Hudson via ferry, Amtrak, Catskill, Coxsackie, and the NYS Thruway, the location offers the perfect blend of small-town charm and easy access to the Capital Region and Hudson Valley. A proven money maker with quality renovations, strong occupancy, and outstanding income potential--this is an investment property you won't want to miss.
Courtesy: Keller Williams Realty HV Nort
845-481-2700
Investment opportunity in the historic Hudson River Village of Athens. This four-unit rental property combines strong existing income with upside, currently producing a strong annual rent roll with potential rents of approximately 73,200. A new roof adds an important recent improvement. Athens is one of Greene County's historic river towns, known for preserved architecture, village streets and its waterfront setting along the Hudson. Residents can enjoy Riverfront Park, community events, the Athens Cultural Center, Hudson-Athens Lighthouse, boating, fishing and outdoor recreation. Across the river, Hudson offers restaurants, galleries, shopping and nightlife, with the Hudson Amtrak station approximately 20 minutes away for convenient service to New York City and beyond. Nearby Catskill, Coxsackie and the Catskill Mountains provide even more dining, recreation and year-round attractions. A solid Northern Hudson Valley investment offering location, income, history and room for future growth potential.
A Stunning Greek Revival 3-Family Residence! The home features 3 units, 6 bedrooms, 3 bathrooms, & a small garage. The left side of the residence is #19. It's a 2 story duplex with 2 bedrooms, 1 bath, a living room, a dining room, & a kitchen. The right side of the residence is #21 and has 2 apartments, one on each floor. Each apartment consists of 2 bedrooms, 1 bath, and a living room. There is 1 heating system approximately 2 to 3 years old. There are separate electric meters and hot water heaters for the apartments. Access to the garage and off-street parking is in the rear via 2nd Aly. The home is amidst the charming Village of Athens and walking distance to the Hudson River. View our 3D virtual tours of the home and property.
Athens is located in New York. Athens, New York has a population of 3,934. Athens is less family-centric than the surrounding county with 20.02% of the households containing married families with children. The county average for households married with children is 26.95%.
The median household income in Athens, New York is $73,438. The median household income for the surrounding county is $62,810 compared to the national median of $69,021. The median age of people living in Athens is 55 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 14.9 degrees. The average rainfall is approximately 42 inches per year, with 42.7 inches of snow per year.
