586 Old Rte 23

Cairo, NY 12405

$2,400,000
Price
26
Beds
—
Baths
12,522 Sq. Ft.
$192 / Sq. Ft.
12,522
Sq. Ft.
$192
per Sq. Ft.
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a front view of a house with a yard
a aerial view of a house with swimming pool garden and patio
a front view of a house with a garden
a backyard of a house
a front view of a house with garage
a view of kitchen with refrigerator cabinets and wooden floor
a kitchen with stainless steel appliances a refrigerator stove and microwave
a bathroom with a sink a toilet and bathtub
a bathroom with a sink toilet and shower
an empty room with wooden floor and windows
a bathroom with a sink toilet and shower
an empty room with windows
a view of a hallway with wooden floor and a living room
a bathroom with a sink a toilet and shower
a view of stairs and a yard

Description

Turn-key scale, operational efficiency, with both short and long-term upside. Set on 4.7 acres, with 5 detached buildings: a main building with 9 various-sized units, a single-unit cottage, and two motel-style outbuildings -- one with 8 units and one with 2 units, all individually metered. There is space for a 21st, 3 bedroom apartment, an empty garage that can be leased commercially, and the parcel offers even more long term development potential with additional units, self-storage and more, subject...Turn-key scale, operational efficiency, with both short and long-term upside. Set on 4.7 acres, with 5 detached buildings: a main building with 9 various-sized units, a single-unit cottage, and two motel-style outbuildings -- one with 8 units and one with 2 units, all individually metered. There is space for a 21st, 3 bedroom apartment, an empty garage that can be leased commercially, and the parcel offers even more long term development potential with additional units, self-storage and more, subject to municipal approvals. The property has undergone a comprehensive renovation program across the majority of units -- ranging from fresh paint and new flooring to full gut renovations including new kitchens, bathrooms, electrical, plumbing, sheetrock, heating, and appliances. Infrastructure improvements include a complete water system overhaul, a new septic tank installation, repair of three existing septic tanks, and a new roof on two units. The result is a stabilized, well-capitalized asset with deferred maintenance addressed and a clean operating baseline going forward. Nearby communities including Hudson, Leeds, Catskill, and Windham are seeing renewed investment and development activity -- from boutique hospitality to mixed-use revitalization projects -- driving economic activity and long-term rental stability across Greene County. Located directly off Route 23, the property serves a tenant base spanning a range of incomes and occupations. It delivers dignified, well-maintained housing that tenants stay in, not cycle through -- making it especially well-positioned in a region where demand for workforce housing continues to outpace supply. RECENT IMPROVEMENTS

New roof on main building and multiple units
Parking lot graded and stoned
Exteriors painted
1 new septic tank
3 septic tanks repaired
Landscaping

UNIT IMPROVEMENTS

Unit 1 -- No renovation; tenant has lived there approximately 10 years
Unit 2 -- Full renovation: new kitchen, flooring, bathroom, appliances
Unit 3 -- New paint, new bathroom
Unit 4 -- New paint
Unit 5 -- New paint
Unit 6 -- New paint
Unit 7 -- Major renovation: new bathroom, flooring, doors, lighting, kitchen, appliances
Unit 8 -- New paint
Unit 9 -- New paint
Unit 10 -- New paint
Units 11-18 -- Full renovation: electrical, sheetrock, heating, bathrooms, flooring, plumbing, lighting
Unit 19 -- New paint, new kitchen, new flooring
Unit 20 -- New flooring, new kitchen, new paint
  1. Listed by Zev Eisenberg • Hudson Modern
    P: (845)-309-7454 C: (845)-309-7454 zev@hudsonmodern.co
  2. Listed by Sheneur Menaker • Hudson Modern
    P: (305)-904-7536 C: (305)-904-7536 sheneur@hudsonmodern.co

Property Details for 586 Old Rte 23

Zoning
01
LISTING UPDATED: 05/26/2026 12:09 PM

Property Details for 586 Old Rte 23

StatusActive
MLS #20260761
Days on Market94
Taxes$19,873 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1960
Lot Size4.70 AC / 204,732 SF
CountyGreene County
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Location

Listing Courtesy of Hudson Modern
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Building Information for 586 Old Rte 23

Stories-Residences21Year Built1960Building Size-Lot Size4.70 AC / 204,732 SF

Payment Calculator

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$13,616 per month

30 year fixed, 6.36% Interest

Principal and Interest

$11,959

Property Taxes

$1,656

HOA Dues

$0

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Property Information for 586 Old Rte 23

Summary
Location and General Information
  • Directions: Corner of Old Rt 23 and Mohican Dr.
  • Township: Cairo
  • MLS Area Major: Cairo
  • County: Greene
  • Latitude: 42.312643
  • Longitude: -74.056638
  • MLS Area Major: Cairo
  • Sign On Property YN: No
Taxes and HOA
  • Association Fee: $.00
  • Parcel Number: 192400
  • Tax Block: 15
  • Tax Annual Amount: $19,873.00
Parking
  • Attached Garage YN: No
  • Garage YN: Yes
  • Garage Spaces: 1.0
  • Garage YN: Yes
  • Attached Garage YN: No
  • Garage Spaces: 1.0
Property
Lot Information
  • New Construction YN: No
  • Lot Size Acres: 4.7
  • Above Grade Finished Area: 12522.0
  • Below Grade Finished Area: 0.0
  • Living Area: 12522.0
  • Lot Size Area: 4.7
  • Lot Size Units: Acres
  • Lot Size Square Feet: 204732.0
  • Above Grade Finished Area: 12522.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 4.7
Property and Assessments
  • Owner Name: 586 Route 20 LLC
  • Total Floor Plans Count: 0
  • Property Type: Residential Income
  • Year Built: 1960
  • Property Sub Type: Multi Family
  • New Construction YN: No
  • Page: 780
  • Section: 0
Taxes and HOA
  • Tax Assessed Value: 488600.0
  • Tax Lot: 2
Interior and Exterior Features
Interior Features
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Bedrooms Total: 26
Multi Family
Multi Family Information
  • Number of Units: 21
Mobile Home
Mobile Home Information
  • Sign On Property YN: No

Schools near 586 Old Rte 23

This home is within Cairo-Durham Central School District.
Rating
School
Type
Grades
Distance
Cairo Elementary School
Public - PK to 5
Cairo Durham Middle School
Public - 6 to 8
Cairo Durham High School
Public - 9 to 12
Rating
School
Distance
Cairo Elementary School
PublicPK to 5

Cairo Durham Middle School
Public6 to 8

Cairo Durham High School
Public9 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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More information about 586 Old Rte 23, Cairo, NY 12405

586 Old Rte 23 is a multi-family home for sale in Cairo, NY 12405. This property was listed for sale on March 2, 2026 by Hudson Modern, it's currently listed at $2,400,000. This listing's school district is Cairo-Durham Central School District. Nearby schools include Cairo Elementary School, Cairo Durham Middle School and Cairo Durham High School. 586 Old Rte 23 is a 26-bed, 0-bath, 12,522 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hudson Modern

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale or lease on this webpage comes from the the IDX Program of OneKey® MLS, Columbia Greene Northern Dutchess MLS, Hudson Valley Catskill Regional MLS and Ulster County Board of REALTORS. Real estate listings held by brokerage firms other than Compass are marked with a OneKey® MLS, Columbia Greene Northern Dutchess MLS, Hudson Valley Catskill Regional MLS or Ulster County Board of REALTORS Logo. Use of these search facilities other than by a consumer seeking to purchase or lease real estate is prohibited. The accuracy of all information is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by the IDX Program of OneKey® MLS, Columbia Greene Northern Dutchess MLS, Hudson Valley Catskill Regional MLS and Ulster County Board of REALTORS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Information Copyright 2026, OneKey® MLS, Columbia Greene Northern Dutchess MLS, Hudson Valley Catskill Regional MLS and Ulster County Board of REALTORS. All rights reserved. Data last updated: 05/26/2026 12:09 PM