Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
Listing photo for 586 Old Route 23, Cairo, NY
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586 Old Route 23,

Cairo, NY

$2,995,000

26 Beds
12,522 Sqft
4.70 Acres
1 Garages

Turn-key scale, operational efficiency, and long-term upside. Set on 4.7 acres with 5 detached buildings: a main building with 10 various sized units, a single unit cottage, and two motel-style outbuildings, one with 8 units, and one with 2 units. 20 units are currently leased, with a 21st delivered leased at closing. Units are individually metered, supporting transparent operating expenses and clear NOI reporting. The 4.7-acre parcel may offer additional development potential, subject to municipal approvals. Seller may consider some owner financing for qualified buyers. 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, it serves a tenant base spanning a range of incomes and occupations. The property 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.

Facts & Features
MLS® # 20260761
Price $2,995,000
Bedrooms 26
Bathrooms 0.00
Square Footage 12,522
Acres 4.70
Year Built 1960
Type Residential Income
Sub-Type Multi Family
Status Active
MLS ucbr
Community Information
Address 586 Old Route 23
Area Cairo
City Cairo
County Greene
State NY
Zip Code 12413
Amenities
# of Garages 1
Is Waterfront No
Interior
Has Basement No
Fireplace No
School Information
District Cairo-Durham Central School District
Additional Information
Date Listed March 2nd, 2026
Days on Market 46
Zoning 01
Short Sale No
RE / Bank Owned No
Listing Details
Listing Courtesy of Hudson Modern
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Purchase & Financing Information

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Listing information last updated on April 17th, 2026 at 6:05am EDT.