Property Description

TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. At present, nearly 90% of the monthly rent comes from various tenant subsidy programs, which creates a turnkey operation with a stable, predictable revenue stream. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Twelve of thirteen units are occupied and professional property management is in place.

Property Details tap to expand

Building Information

  • Total Units: 13
  • Total Floors: 8
  • Total Bedrooms: 19
  • Total Full Baths: 14
  • Total Half Baths: 1
  • Amenities: Other (See Remarks), Park, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Other (See Remarks)
  • Common Appliances: Other (See Remarks)
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Expenses Source: Other (See Remarks)
  • Gross Operating Income: 383880
  • Net Operating Income: 174000

Utilities

  • Electric Info: Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 2 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1925
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73535812
  • Last Updated: 06/14/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/14/2026New$3,150,000$385MLSPIN
06/01/2024Expired$2,600,000$317MLSPIN
05/04/2024Active$2,600,000$317MLSPIN
04/30/2024Extended$2,600,000$317MLSPIN
03/29/2024Active$2,600,000$317MLSPIN
03/25/2024Extended$2,600,000$317MLSPIN
03/01/2024Active$2,600,000$317MLSPIN
02/26/2024Extended$2,600,000$317MLSPIN
02/05/2024Active$2,600,000$317MLSPIN
02/01/2024Reactivated$2,600,000$317MLSPIN
02/01/2024Expired$2,600,000$317MLSPIN
11/03/2023Active$2,600,000$317MLSPIN
10/30/2023New$2,600,000$317MLSPIN

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Seller's Representative: Steve Klassner, Stuart St James, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-06-14 23:30:00