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.
Listing Details
$729,000
Active
Single Family
957429
3/6/2026
7 Day(s) Ago
Property Details
266 Malden Turnpike
Saugerties
NY
12477
Ulster
3,200
6
6 full
Bungalow
Crawl
Unfinished
Aluminum Siding
1949
Location Details
17 Acres
Parking Lot
No
No
School Details
Saugerties
Cahill
Saugerties Junior
Saugerties
Heating, Cooling, & Utility Details
Electric
Public
Cesspool
Multi Units
Amenities
First Floor BedroomFirst Floor Full BathHigh Speed InternetIn-Law FloorplanPatioStreamCasementDrapes
