111 Spring St
Cobleskill, NY 12043
15 Beds
5 Baths
6,400 sqft (on 0.25 acres)
15 Beds
5 Baths
6,400 sqft
(on 0.25 acres)
Local Information
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Description
We just reduced the price to $319,500 on this totally renovated in 2013 & 2014 this 5 unit building offers a total of 15 bedrooms and finishes that you would expect to see in luxury condos. If requested by the new owners, our company will continue to entirely manage the property for a fee of $250/month.
The property produces a steady income each month. At a reduced price of $319,500 and using 2015 and 2016 Actual financial results it is offered at a 13% Cap Rate and 5.9 times the Rent Roll. Properties of similar quality are offered at an 8% Cap Rate and 7 times the Rent Roll. Ancillary rent is generated from parking and storage sheds.
Three units were gut renovated. The remaining two units underwent moderate renovations. Significant renovations to the exterior and infrastructure were made as well. We built in the ability to convert 2 apartments into more bedrooms offering 17 in total. This allows the new owners more flexibility to accommodate tenants and keep occupancy high. These renovations alone cost us $150k.
The property is located in the center of Cobleskill yet only minutes to Interstate 88 and 9/10th of a mile to the SUNY Cobleskill Campus. Therefore it appeals to a variety of tenant types including commuters to Albany, local families, and SUNY Cobleskill faculty and students. Because of this wide appeal, and the apartments’ size, vacancies are miniscule.
The property's maintenance man lives on site and can be retained for regular maintenance, viewings, and emergencies. This relieves the new owners from nuisances that other real estate investors must contend with.
However, if requested by the new owners, our company will continue to entirely manage the property for a fee of $250/month. The new owners will spend essentially none of their time with property management as we will handle ALL responsibilities including screening tenants, collections, maintenance and emergency repairs, advertising, and filling vacancies, etc. Given our experience managing properties coupled with our knowledge of the renovations and work that has been done to the property, this will alleviate all day to day responsibilities that other real estate owners must contend with. You are likely aware that this offer is not made available elsewhere.
This is a MUST sell situation. Therefore no reasonable offer will be ignored.
The property produces a steady income each month. At a reduced price of $319,500 and using 2015 and 2016 Actual financial results it is offered at a 13% Cap Rate and 5.9 times the Rent Roll. Properties of similar quality are offered at an 8% Cap Rate and 7 times the Rent Roll. Ancillary rent is generated from parking and storage sheds.
Three units were gut renovated. The remaining two units underwent moderate renovations. Significant renovations to the exterior and infrastructure were made as well. We built in the ability to convert 2 apartments into more bedrooms offering 17 in total. This allows the new owners more flexibility to accommodate tenants and keep occupancy high. These renovations alone cost us $150k.
The property is located in the center of Cobleskill yet only minutes to Interstate 88 and 9/10th of a mile to the SUNY Cobleskill Campus. Therefore it appeals to a variety of tenant types including commuters to Albany, local families, and SUNY Cobleskill faculty and students. Because of this wide appeal, and the apartments’ size, vacancies are miniscule.
The property's maintenance man lives on site and can be retained for regular maintenance, viewings, and emergencies. This relieves the new owners from nuisances that other real estate investors must contend with.
However, if requested by the new owners, our company will continue to entirely manage the property for a fee of $250/month. The new owners will spend essentially none of their time with property management as we will handle ALL responsibilities including screening tenants, collections, maintenance and emergency repairs, advertising, and filling vacancies, etc. Given our experience managing properties coupled with our knowledge of the renovations and work that has been done to the property, this will alleviate all day to day responsibilities that other real estate owners must contend with. You are likely aware that this offer is not made available elsewhere.
This is a MUST sell situation. Therefore no reasonable offer will be ignored.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
Patio, Deck
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 111 Spring St
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Interior Details BasementAdditional StorageNumber of Rooms: 26Types of Rooms: Dining Room, Family RoomStorage |
Levels, Entrance, & Accessibility Stories: 3Floors: Tile, Hardwood |
Appliances & Utilities MicrowaveRefrigerator |
Windows, Doors, Floors & Walls Double Paned Windows |
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Exterior Home Features Roof: MetalDeckGardenLawnPatio |
Parking & Garage Parking: Off Street |
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Year Built Year Built: 1939Year Updated: 2013 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 5 |
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Lot Area: 10890 sqft |
Price History for 111 Spring St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/24/2021 | ListingRemoved | N/A | |
| 09/02/2018 | $895 | ListingRemoved | N/A |
| 08/03/2018 | $895 | Listed For Rent | N/A |
| 12/06/2016 | $349,500 | ListingRemoved | N/A |
| 03/01/2016 | $349,500 | PriceChange | N/A |
| 02/14/2016 | $349,900 | Listed For Sale | N/A |
| 06/18/2015 | $1,045 | ListingRemoved | Agent Provided |
| 06/12/2015 | $1,045 | Listed For Rent | Agent Provided |
| 05/09/2014 | $845 | ListingRemoved | N/A |
| 05/09/2014 | $845 | PriceChange | N/A |
| 04/25/2014 | $745 | Listed For Rent | N/A |
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Comparable Sales for 111 Spring St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Multi-Family Home | $160,000 | 06/18/25 | 3 | 3 | 1,918 | |
0.18 | Multi-Family Home | $312,950 | 02/25/26 | 3 | 3.5 | 2,540 | |
0.25 | Multi-Family Home | $254,900 | 01/16/26 | 6 | 2 | 2,204 | |
0.29 | Multi-Family Home | $105,000 | 03/03/26 | 6 | 2 | 2,184 | |
0.34 | Multi-Family Home | $283,500 | 01/06/26 | 3 | 2 | 2,644 | |
5.77 | Multi-Family Home | $55,000 | 11/19/25 | 4 | 3 | 1,776 |
Assigned Schools
These are the assigned schools for 111 Spring St.
- William H Golding Middle School
- 6-9
- Public
- 345 Students
3/10GreatSchools RatingParent Rating AverageThe rating system here needs to be divided between teachers and administration. The teachers here for the most part are excellent so far. We moved to this area at the beginning of this year, and found 7th grade to be similar to what we were used to in a different state, except for the second language requirement. NY state schools require a second language, which doesn't make sense to me, especially for kids with learning disabilities. I would give the teaching staff a B+, the administration (upper level) a D. The administrative staff seems to think they know more about my child than I do, which I will never defer to. I hope next year the high school is more parent friendly than the administration at the middle school is. Great teachers, terrible admins.Parent Review14y ago - George D Ryder Elementary School
- PK-3
- Public
- 365 Students
NAGreatSchools RatingParent Rating AverageThis school doesn't care to involve parents at all! They rather patronize their parents and do everything they need to to save money. Parents concerns are never acknowledged and parents are told they are overreacting. It's been like this for 4 to 5 years. Teaching staff/ Administration think they know child better then their own parents.Parent Review8y ago - Cobleskill Richmondville High School
- 9-12
- Public
- 480 Students
5/10GreatSchools RatingParent Rating AverageThis is a small rural central school, yet they manage to attract and keep great and dedicated teachers. They are not large enough to offer many AP or G&T course, but the teachers work to provide customized opportunities for the students. My six siblings and I all received a great high school education there as did many of my nieces and nephews. They have the wisdom to help guide young people into good career tracks for them, not just "everyone should go to college."Other Review9y ago - Joseph B Radez Elementary School
- 3-5
- Public
- 325 Students
4/10GreatSchools RatingParent Rating AverageThe principal at the school constantly ignores a fifth grade boy who goes and puts his hands on younger little girls. There has been twice already of him, putting his hands around their neck in chokehold and literally choking them, and the school does nothing but that’s because his mom’s a lawyer.The amount of bullying that goes on in this school, your child will not be able to focus on learning because they are constantly being bullied. When the principal gets mad at the parent, all the sudden your kids in trouble and losing recess that day. This place is not safe for children. Do not come to Cobleskill or Richmondville if you have children because your child will not learn all they will get is trauma at this school.Parent Review1y ago 
Check out schools near 111 Spring St.
What Locals Say about Cobleskill
At least 17 Trulia users voted on each feature.
90 % Say parking is easy
87 % Say car is needed
85 % Say kids play outside
82 % Say there's wildlife
80 % Say it's walkable to restaurants
80 % Say there's holiday spirit
75 % Say yards are well-kept
71 % Say people would walk alone at night
71 % Say there are sidewalks
69 % Say it's dog friendly
62 % Say it's walkable to grocery stores
58 % Say it's quiet
57 % Say neighbors are friendly
54 % Say streets are well-lit
52 % Say they plan to stay for at least 5 years
35 % Say there are community events
Learn more about our methodology.
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Apartments for Rent
SPAULDING APARTMENTS INC. SAINC
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0.5 ACRESListing by: Better Spaces Realty, Active
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Off Market Homes Near 111 Spring St
SOLDAPR 15, 2026Country Boy Realty, Closed
SOLDMAR 24, 2026Country Boy Realty, Closed
SOLDMAR 4, 2026Berkshire Hathaway Home Services Blake, Closed
SOLDFEB 25, 2026Country Boy Realty, Closed
SOLDJAN 29, 2026Howard Hanna Capital Inc, Closed
SOLDJAN 2, 2026Country Boy Realty, Closed
SOLDDEC 23, 2025Four Star Realty Group, Inc
SOLDDEC 22, 2025Four Star Realty Group Inc, Closed
SOLDDEC 22, 2025Country Boy Realty, Closed
SOLDDEC 19, 2025eXp Realty, Closed- See more homes for sale inCobleskill
111 Spring St, Cobleskill, NY 12043 is a 15 bedroom, 5 bathroom, 6,400 sqft multi-family built in 1939. This property is not currently available for sale. The current Trulia Estimate for 111 Spring St is $587,700.