Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.
Property Type(s):
Multi Family
|
Last Updated
|
11/2/2026
|
Year Built
|
1924
|
|
County
|
Saratoga
|
SCHOOLS
| High School |
Mechanicville |
Price History
|
Prior to Nov 2, '26
|
$1,550,000 |
| Nov 2, '26 - Today |
$1,490,000 |
Additional Details
| BASEMENT |
Full, Other, Unfinished, Yes |
| CONSTRUCTION |
Block, Brick, Other |
| EXTERIOR |
Other |
| HEAT |
Electric, Natural Gas |
| INTERIOR |
Other |
| LOT |
5227 sq ft |
| LOT DESCRIPTION |
Cleared, Level |
| LOT DIMENSIONS |
0.12 |
| PARKING |
Other, Off Street |
| SEWER |
Public Sewer |
| STYLE |
Apartment 4 Plus Unit, High Rise |
| TAXES |
18579 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City, Downtown |
| WATER |
Public |
Location
This listing courtesy of Realty One Group Key
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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