Residential Land with Home for Sale in Rensselaer, New York

Bring your vision for this one of a kind opportunity in the East Greenbush School District, less than 2 miles from Regeneron - one of the area's major employers. Built in 1900, this home is currently configured as a duplex with 1 bedroom & 1 bathroom in each unit. Savvy investors will reconfigure - either adding a 2nd bedroom to each unit, or restoring the structure to a spacious single-family home. As a refreshed duplex total rent per year could be between $36,000 to $43,000 and tenants pay their own heat, hot water and electricity. Comprised of 2 land parcels totaling 5.4 acres of buildable land, the true potential lies beyond the existing structure. Zoning may allow for 10 to 15 residential homes, subject to municipal approvals, offering a unique development opportunity. Whether your plan is to renovate, redevelop, or hold for future development, this property presents a rare chance to capitalize on location, land, and long-term potential. This is an estate and is sold 'as is'