14 Chatham Street, Nassau, NY 12123 (MLS # 202627171)

INVESTOR ALERT! This fantastic property is a great money maker, 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 permits are already in place to convert the garage into two 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.

Last Updated	9/29/2026	Year Built	1900
Garage Spaces	5.0	County	Rensselaer

SCHOOLS

High School	Columbia

Additional Details

AIR	None
BASEMENT	Full, Unfinished, Yes
CONSTRUCTION	Block, Stone, Vinyl Siding
EXTERIOR	None
GARAGE	Yes
HEAT	Baseboard, Electric, Forced Air, Oil
INTERIOR	High Speed Internet
LOT	1 acre(s)
LOT DESCRIPTION	Cleared, Irregular Lot, Level
LOT DIMENSIONS	irregular
PARKING	Off Street, Paved
SEWER	Shared Septic
STYLE	Apartment 4 Plus Unit, Other, Ranch
TAXES	8200
UTILITIES	Cable Available
VIEW DESCRIPTION	None
WATER	Public

Location

 

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