266 Malden Turnpike, Saugerties, NY, 12477
$695,000
$729,000
activeBedrooms
6
Bathrooms
6
Lot Size
740,520 sqft
Year Built
1949
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Set just off Malden Turnpike, this versatile 6-bedroom, 5.5-bath multi-family ranch sits on 17 acres (15 acres are from adjacent lot) with beautiful mountain views and offers a rare combination of strong existing rental income and exceptional development or expansion potential. The property includes four well-proportioned units, each with its own meter and designated parking: Studio with full bath — long-term tenant in place 2BR / 1.5BA unit — tenant in place 2BR / 2BA duplex — tenant in place 1BR / 1BA landlord suite — includes a generous living room (usable as a second bedroom or lounge) with a concrete patio walkout, plus a nicely sized kitchen/dining area. With minimal renovations & cosmetic updates, the suite could serve as a very comfortable owner’s residence while the remaining units offset carrying costs. Land & Development Potential The combined 17-acre setting provides exceptional flexibility. Build beside the existing home on cleared land as an extension of the current home or explore a more private location across the acreage to maximize the direct Catskill Mountain views. A full survey is included to support future development or expansion. Notable improvements and features include: Recent connection of all units to city water 20-year leach field Recent (favorable) roof inspection Preliminary evaluation of additional acreage for organic farming (details can be provided to contracted buyer, if desired) The outdoor environment immediately behind the residence also offers abundant open space ideal for gardening, relaxing, or barbecuing from the owners’ suite patio. A beautiful stream runs behind the property, with a bridge providing access to the remaining acreage. Whether seeking a primary residence with substantial residual income, a weekend retreat, or a strong investment opportunity in a desirable area, this property offers impressive potential. • Mountain views • County & Private Road access • Convenient to Woodstock, Saugerties & the Catskills.
Listed by Donna Gray, Redfin Real Estate
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jul 31, 2026, 12:13 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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