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Jill A. Lehmann
Associate Real Estate Broker
REALTOR®
(607) 267-0313 Cell
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57-58 Highland Avenue, Cornwall, NY 12518

Pending

42 Photos

Property Description

Here's an opportunity to own a substantial 8-building residential portfolio with a total of 33 units, offering scale, established income, and meaningful upside potential. Many of the units have been updated within the past 10 years, creating a solid foundation for an investor looking to acquire a property with improvements already in place. With multiple buildings and a diverse mix of units, this property offers the advantages of scale while providing multiple income streams under one ownership. Perhaps the most exciting aspect is the income upside. Current rents provide an established revenue base, while the opportunity to increase rents and continue maximizing the property's potential could create additional value over time. For an investor looking beyond today's numbers and focused on future growth, this is a property worth exploring. With 33 residential units across 8 buildings, with water/sewer and tenant paid utilities, this portfolio presents an opportunity to expand an existing investment portfolio or make a significant move into multifamily ownership. Strong fundamentals, improvements already made, multiple income streams, and room to increase revenue, this is an investment opportunity with both stability and potential. Come take a closer look and discover what this portfolio could mean for your next investment.

57-58 Highland Avenue | MLS# 1040067

This commercial property located at 57-58 Highland Avenue, Cornwall, NY 12518 is currently listed for sale with an asking price of $5,600,000. 57-58 Highland Avenue is located within the Cornwall school district. Search Cornwall real estate on jill-ogden.timberlandproperties.com today.

Gallery

Property Features

Property Type: Commercial -
Basement: Yes
Basement: Unfinished
Cooling: Multi Units
Heating: Natural Gas
Taxes: $113,456
Year Built: 1960

Feature Descriptions

Building Area Total: 27453
Days on Site: 51
Exterior: Shake Siding
On Market Date: 2026-08-21
Parking Features: Garage, Off Street, On Street
Rental Term: Monthly
Sewer: Public Sewer
Units: 8
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: Cornwall Central High School
Middle School: Cornwall Middle School
Elementary School: Willow Avenue Elementary School
School District: Cornwall

Demographics

Listed By / Shown By

Listing By

Agency Name: Century 21 Alliance Rlty Group
Agency Contact: 845-297-4700

Shown By

Agent Name: Jill A. Lehmann
Agent Phone: (607) 267-0313 Cell
Agency Title: Timberland Properties

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