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19 Beds
11 Baths
11,016 sqft

$1,550,000

2 - 10 S Central Avenue, Mechanicville NY, 12118

Price per sqft$140.70
Built in1924
Property size11,016 sqft
Property typeMulti-family

Overview

Active

Listed Oct 5, 2026

Updated 3 days ago

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.

$10,312/mo

Est. mortgage payment based on a $1,550,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202627584

Interior Features

Bedrooms
19
Bathrooms
11
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$18,579
Tax Frequency
Annually
View
Yes

Listed by Ryan Mortka with Realty One Group Key
Listing Contact: 518-534-3714 

The IDX display contains information sourced from Global MLS as of 10/7/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/7/2026 at 4:05 AM UTC

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