57-58 Highland Avenue, Cornwall, NY

$5,600,000

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27,453

Square feet

About 57-58 Highland Avenue

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.

Features of 57-58 Highland Avenue

MLS® # 1040067
Price $5,600,000
Square Footage 27,453
Year Built 1960
Type Commercial
Sub-Type Multi Family
Status Pending

Community Information

Address 57-58 Highland Avenue
City Cornwall
County Orange County
State NY
Zip Code 12518

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Garage, Off Street, On Street
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Cooling Multi Units
Has Basement Yes
Basement Unfinished
Fireplace No

Exterior

Construction Shake Siding

School Information

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

Additional Information

Date Listed August 17th, 2026
Days on Market 40
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Alliance Rlty Group

Listing Map

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