136 Wells Ave
$269,898
Price
6
Beds
5
Baths
3,312 Sq. Ft.
$81 / Sq. Ft.
3,312
Sq. Ft.
$81
per Sq. Ft.
Description
Outstanding Investment Opportunity! This fully occupied 5-unit multifamily property
delivers a strong 10% Cash-on-Cash ROI with an NOI of $27,531. Situated on a corner lot,
the property includes off-street parking for 5 vehicles and features four 1-bedroom units and
one 2-bedroom unit—all separately metered with 100-amp circuit breakers. Recent improvements include a 3-year-old roof, Unit #4 remodeled, offering peace of mind to
any investor but cannot be shown for medical reasons! Located just 30 minutes...Outstanding Investment Opportunity! This fully occupied 5-unit multifamily property
delivers a strong 10% Cash-on-Cash ROI with an NOI of $27,531. Situated on a corner lot,
the property includes off-street parking for 5 vehicles and features four 1-bedroom units and
one 2-bedroom unit—all separately metered with 100-amp circuit breakers. Recent improvements include a 3-year-old roof, Unit #4 remodeled, offering peace of mind to
any investor but cannot be shown for medical reasons! Located just 30 minutes from Albany, this is a prime commuter-friendly location
with consistent rental income. Whether you're growing your portfolio or stepping into
multifamily ownership, this asset is a smart addition. Don't miss your chance to own this cashflowing gem! See Proforma in Docs.
delivers a strong 10% Cash-on-Cash ROI with an NOI of $27,531. Situated on a corner lot,
the property includes off-street parking for 5 vehicles and features four 1-bedroom units and
one 2-bedroom unit—all separately metered with 100-amp circuit breakers. Recent improvements include a 3-year-old roof, Unit #4 remodeled, offering peace of mind to
any investor but cannot be shown for medical reasons! Located just 30 minutes...Outstanding Investment Opportunity! This fully occupied 5-unit multifamily property
delivers a strong 10% Cash-on-Cash ROI with an NOI of $27,531. Situated on a corner lot,
the property includes off-street parking for 5 vehicles and features four 1-bedroom units and
one 2-bedroom unit—all separately metered with 100-amp circuit breakers. Recent improvements include a 3-year-old roof, Unit #4 remodeled, offering peace of mind to
any investor but cannot be shown for medical reasons! Located just 30 minutes from Albany, this is a prime commuter-friendly location
with consistent rental income. Whether you're growing your portfolio or stepping into
multifamily ownership, this asset is a smart addition. Don't miss your chance to own this cashflowing gem! See Proforma in Docs.
- Listed by Brian J Ward • Coldwell Banker Prime PropertiesP: (518)-229-7355 C: (518)-229-7355 brian.ward@coldwellbankerprime.com
Property Details for 136 Wells Avenue
Architectural Style
Apartment 4 Plus Unit
WaterfrontNo
Parking Total6.00
LISTING UPDATED: 08/05/2025 01:09 PM
Property Details for 136 Wells Avenue
| Status | Active |
|---|---|
| MLS # | 202522591 |
| Days on Market | 140 |
| Taxes | $5,758 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Multi Family |
| Year Built | 1960 |
| Lot Size | 0.10 AC / 4,356 SF |
| County | Schoharie County |
Location
Listing Courtesy of Coldwell Banker Prime Properties
Add your commute
Building Information for 136 Wells Avenue
Stories-Residences5Year Built1960Building Size-Lot Size0.10 AC / 4,356 SF
Payment Calculator
$1,813 per month
30 year fixed, 6.28% Interest
Principal and Interest
$1,334
Property Taxes
$480
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 136 Wells Avenue
Summary
Location and General Information
- Postal City: Middleburgh
- Directions: Route 145 (Main Street) to Wells Ave.
- City: Middleburgh
- State Or Province: NY
- Postal Code: 12122
- County Or Parish: Schoharie
- Latitude: 42.60
- Longitude: -74.33
Taxes and HOA
- Association Fee: $.00
- Association: No
- Tax Lot: 9.000
- Tax Block: 7
- Parcel Number: 433801 106.15-7-9
- Tax Tract: 106.15
- Tax Annual Amount: $5,757.77
Parking
- GarageSpaces: .00
- Attached Garage: No
- Parking Features: Off Street
School Information
- School District: Middleburgh
Property
Property and Assessments
- Possession: At Closing
- Property Type: MultiFamily
- Property Type Label: MultiFamily
Lot Information
- Lot Features: Corner Lot
- Year Built: 1960
- Above Grade Finished Area: 3312.0
- Above Grade Finished Area Source: CRS
- Below Grade Finished Area: 0.0
- Below Grade Finished Area Source: Public Records
- Lot Size Acres: 0.1
- Lot Size Area: 0.1
- Lot Size Units: Acres
- Lot Size Square Feet: 4356.0
Building Information
- Living Area: 3312.0
Utilities
- Water Source: Public
- Separate Utilities : Number Of Separate Electric Meters: 5
Interior and Exterior Features
Exterior Features
- Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
- Window Features: Storm Window(s)
- Patio And Porch Features: Covered
- Exterior Features: None
- Fencing: None
Interior Features
- Heating: Electric, Hot Water, Oil
- Roof: Metal
- Flooring: Carpet, Hardwood, Laminate
- Electric: True
- Basement: Unfinished
- Construction Materials: Wood Siding
- Cooling: None
- Foundation Details: Stone
- Cooling: No
- Heating: Yes
Room Information
Bathrooms
- Bathrooms Total Integer: 5
- Bathrooms Total Decimal: 5.00
- Bathrooms Total Notational: 5.00
- Bedrooms Total: 6
- Bathrooms Full: 5
- Bathrooms Half: 0
Multi Family
Multi-Family Information
- Number Of Units Total: 5
- Unit Information : Number Of Refrigerators: 5
- Unit Information : Number Of Stoves: 5
Income & Expenses Information
- Insurance Expense: $3,000.00
- Water Sewer Expense: $1,700.00
- Income And Expenses : Total Income: $42,300.00
- Income And Expenses : Total Income Description: Yearly
- Income And Expenses : Insurance Expense: $3,000.00
- Income And Expenses : Oil Expense: $4,269.00
- Income And Expenses : Oil Expense Description: Actual
- Income And Expenses : Water Sewer Expense: $1,700.00
- Income And Expenses : Net Operating Income: $27,531.00
- Fuel Cost Description : Fuel Cost: 4269
Unit Information
Unit 1
- Unit Owner Furnish Features : Heat: Yes
- Unit Owner Furnish Features : Hot Water: Yes
- Unit Owner Furnish Features : Sewer: Yes
- Unit Owner Furnish Features : Trash: Yes
- Unit Includes : Bathroom: Yes
- Unit Includes : Kitchen: Yes
- Unit Includes : Living Room: Yes
- Unit Includes : Refrigerator: Yes
- Unit Includes : Stove: Yes
Unit 2
- Unit Owner Furnish Features : Hot Water: Yes
- Unit Owner Furnish Features : Sewer: Yes
- Unit Owner Furnish Features : Trash: Yes
- Unit Includes : Bathroom: Yes
- Unit Includes : Kitchen: Yes
- Unit Includes : Living Room: Yes
- Unit Includes : Refrigerator: Yes
- Unit Includes : Stove: Yes
Unit 3
- Unit Owner Furnish Features : Heat: Yes
- Unit Owner Furnish Features : Hot Water: Yes
- Unit Owner Furnish Features : Sewer: Yes
- Unit Owner Furnish Features : Trash: Yes
- Unit Includes : Bathroom: Yes
- Unit Includes : Kitchen: Yes
- Unit Includes : Living Room: Yes
- Unit Includes : Refrigerator: Yes
- Unit Includes : Stove: Yes
Unit 4
- Unit Owner Furnish Features : Hot Water: Yes
- Unit Owner Furnish Features : Sewer: Yes
- Unit Owner Furnish Features : Trash: Yes
- Unit Includes : Bathroom: Yes
- Unit Includes : Kitchen: Yes
- Unit Includes : Living Room: Yes
- Unit Includes : Refrigerator: Yes
- Unit Includes : Stove: Yes
Unit 5
- Unit Owner Furnish Features : Heat: Yes
- Unit Owner Furnish Features : Hot Water: Yes
- Unit Owner Furnish Features : Sewer: Yes
- Unit Owner Furnish Features : Trash: Yes
- Unit Includes : Bathroom: Yes
- Unit Includes : Kitchen: Yes
- Unit Includes : Living Room: Yes
- Unit Includes : Refrigerator: Yes
- Unit Includes : Stove: Yes
Rental
Rental Information
- Tenant Pays: Internet, Cable TV, Electricity
Property History for 136 Wells Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 28, 2025 | Listed (Active) GLOBAL MLS #202522591 | $269,898 | — |
| Jun 1, 2009 | Sold (Public Record) Public Record #1256240848 | $156,094 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/28/2025 | Listed (Active) GLOBAL MLS #202522591 | $269,898 |
| 06/01/2009 | Sold (Public Record) Public Record #1256240848 | $156,094 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 136 Wells Avenue
Taxable ValueLand$11,000Additions$88,900Total$99,900
Tax Record2024$5,791 ($483 / month)
Home Facts
Total Finished SqFt3,312 SqFtAbove Grade Finished SqFt3,312 SqFtUnfinished Basement SqFt1,656 SqFtStories2Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR2CountySCHOHARIEAPN433801 106.15-7-9
Schools near 136 Wells Avenue
This home is within Middleburgh Central School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Middleburgh Elementary School PublicPK to 6 | ||
Middleburgh High School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Coldwell Banker Prime Properties
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