About this home

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.

Facts and features

Schools

• Coxsackie Athens Middle School

  elementary · 4-8 · 6.3 mi

  7

• Coxsackie Athens High School

  high · 9-12 · 6.3 mi

  7

• Faith Christian Academy

  elementary · K-12 · 3.7 mi

• Edward J Arthur Elementary School

  elementary · K-4 · 0.4 mi

  6

• Warren Street Academy

  middle · 7-12 · 0.8 mi

• Brookwood Center

  high · 9-12 · 4.4 mi

Price history

• Aug 24, 2026 · Listed$950,000
• Mar 29, 2021 · Sold$261,500
• Feb 19, 2021 · Sold$261,500
• Dec 31, 2020 · Listing Removed—
• Dec 2, 2020 · Listed$210,000
• Sep 19, 2011 · Listing Removed$249,000
• Sep 8, 2011 · Listed$249,000
• Jan 31, 2003 · Sold$105,000

Tax history

• 2025$5,807 tax · $269,400 assessed
• 2024$5,619 tax · $269,400 assessed
• 2023$5,834 tax · $207,900 assessed
• 2022$6,271 tax · $207,900 assessed
• 2021$4,911 tax · $207,900 assessed
• 2020$6,312 tax · $207,900 assessed
• 2017$6,174 tax · $207,900 assessed
• 2016$5,993 tax · $207,900 assessed

Where it is