20 Elm Street, Hoosick Falls, NY 12090

20 Elm Street presents a compelling value-add multifamily investment opportunity in Hoosick Falls, NY, located in Rensselaer County near the Vermont border and the regional Route 22 / Route 7 corridor. Priced at $84,900, this vacant 3-unit residential income property offers an exceptionally low basis of approximately $28,300 per unit and $30.32 per building square foot, with projected stabilized income supporting a 26.6% pro forma cap rate.

The property consists of approximately 2,800 SF with three apartments, including two 1-bedroom units on the first floor and a larger upper-floor unit with attic-access upside. Current pro forma rents total $3,250 per month / $39,000 annually, with projected NOI of $23,161 after vacancy and operating expenses. The property is currently vacant and requires full renovation, allowing a new owner to control the renovation scope, reposition the asset, and lease all units at market rents upon completion.

Key investment strengths include the property’s corner-lot visibility at Elm & Church Street, public water and sewer, full basement, off-street parking for up to five vehicles including an attached garage, and low 2026 property taxes of $3,428 per year, all of which support long-term operating efficiency and cash flow. The building’s location near downtown Hoosick Falls, Bennington, VT, local employment, schools, and regional transportation corridors provides a practical tenant-demand base for affordable rental housing.

This is an ideal opportunity for investors, contractors, owner-operators, or small multifamily buyers seeking a low-entry-price asset with significant repositioning upside. The property is being offered cash / as-is, and a quick close is preferred. Buyer to conduct independent due diligence and verify all financial projections, property condition, rents, expenses, zoning, and renovation requirements.