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7 Beds
8 Baths
1,496 sqft

$1,725,000

5354 New York 23, Windham NY, 12496

Price per sqft$1,153.07
Built in1900
Property size1,496 sqft
Property typeMulti-family

Overview

Active

Listed Nov 6, 2026

Updated 35h ago

Location, income, and opportunity come together in this exceptional mixed-use investment property in the heart of Windham's thriving Main Street business district. Generating over 10,000 in gross monthly rental income, this multifaceted offering includes five fully occupied residential apartments, approximately 1,500 square feet of leased commercial space, and an adjoining .24-acre building lot on a separate tax parcel with access to town sewer and water. With established tenants already in place, this is an attractive turnkey investment with income from day one and exciting potential for future expansion. Ideally positioned in a high-visibility, high-traffic location, the charming Victorian-style main building has been converted to accommodate both commercial and residential uses. The first floor features approximately 1,500 square feet of retail/professional office space with two public bathrooms. A lovely covered front porch adds character and an inviting presence along Main Street. The residential component includes five separate apartments. Upstairs in the Main house are two sunny residences: a two-bedroom, one-bath apartment and a spacious two-bedroom, two-bath apartment with in-unit laundry and access to a private balcony, both with separate entrances. A ground-level side apartment offers one bedroom and one bath. Toward the rear of the property, a converted garage houses two additional one-bedroom, one-bath apartments. All five apartments are occupied, providing an established residential rental income stream. Off-street parking adds convenience, and is connected to municipal water and sewer. And there's more! Included in this offering is an adjoining .24-acre building lot with access to municipal water and sewer hookups. This valuable addition presents an opportunity to expand your Main Street footprint with another mixed-use building, potentially combining commercial and residential space, (subject to municipal approvals) The location couldn't be better! Situated among Windham's shops, restaurants, movie theater, and local businesses, with the school nearby and Windham Mountain Club just one mile away. Windham's four-season appeal, from skiing and golf to hiking, mountain biking, festivals, and year-round recreation, makes this an attractive destination in the Northern Catskills and a beautiful place to live, work and play. Five apartments. Leased commercial space. Over 120,000 in annual gross rental income. An additional .24-acre building lot. One outstanding Main Street investment opportunity.

$11,476/mo

Est. mortgage payment based on a $1,725,000 home price.

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

Additional information

MLS® ID
20266581

Interior Features

Bedrooms
7
Bathrooms
8
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.47 Acres

Other Property Details

Taxes
$4,019
Tax Frequency
Annually
View
Yes
Municipality
Windham
MLS provider logo

Listed by Lisa Jaeger with Coldwell Banker Village GreenW
Listing Contact:  

The IDX display contains information sourced from the Hudson Valley Catskill Region MLS as of 11/10/2026. 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.

©2026 Hudson Valley Catskill Region MLS all rights reserved.

Data last updated on 11/10/2026 at 3:56 AM UTC

 

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