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Front exterior at 5354 New York 23, Windham, NY
Interior view at 5354 New York 23, Windham, NY
Photo 80 at 5354 New York 23, Windham, NY
For SaleActiveNew

5354 New York 23, Windham, NY 12496

7beds
8baths
1,496sqft
1900

$1,725,000

$1,153/sqft · Est. $9,226/mo

About This Home

This 7-bedroom, 8-bathroom residential multi family at 5354 New York 23 in Windham, NY is listed for $1,725,000 ($1,153 per sqft). Built in 1900, the home offers 1,496 sqft of living space on a 0.47 acres lot.

Key Features

  • Built in 1900
  • 0.47 acre lot
  • 2 stories

Property Details

2 stories
8 full
1900
Listing Description

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 commercia

l 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 combi

ning 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.

Monthly Cost Estimate

$9,226/mo

20% down · 6.5% · 30 years

Principal$1,248
Interest$7,475
Insurance$503

Estimates only. Actual payments may vary.

Location

5354 New York 23

Windham, NY 12496

Features & Amenities

Interior Features

Eat-in KitchenEntrance FoyerHigh Speed Internet

Property Details

Flooring

LinoleumWoodLaminate

Construction

Frame

Outdoor Features

PorchDeck

Parking

DrivewayPaved or Surfaced

Heating

OilElectric (Heating)Baseboard

Appliances

Washer/DryerRefrigeratorRangeMicrowave

Questions & Answers

This 7-bedroom, 8-bathroom residential multi family at 5354 New York 23 is listed at $1,725,000 ($1,153/sqft). The estimated monthly payment is $9,226 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.47 acre lot, 2 stories. Interior Features: Eat-in Kitchen, Entrance Foyer, High Speed Internet.

This property is listed by Lisa Jaeger.

LJ

Lisa Jaeger

Agent at Coldwell Banker Village Green Realty

Listed by Coldwell Banker Village Green Realty · Broker phone: 5187344200 · View on Broker Site · Broker website

MLS# 20266581· Source: Hudson Valley Catskill Region MLS· 9 days on PropertySimple

Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5354 New York 23, Windham, NY 12496

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