$175,000
SOLD JAN 6, 2026

40 E River St Ilion, NY 13357

4 Beds
-- Bath
4,488 Sq Ft
5,280 Sq Ft Lot

Recently Sold

$39 Per Sq Ft

20% Below List Price

181 Days on Market

Highlights

  • Baseboard Heating
  • Rectangular Lot
  • Partially Fenced Property

About This Home

As of January 2026

Excellent Investment Opportunity – 5-Unit Apartment Building
This 5-unit apartment building offers strong rental income. Each unit has been nicely updated. Rents include all utilities. The property features, new boiler in 2024 and ample parking for tenants. A turn-key investment with reliable tenants and minimal maintenance required. Ideal for investors seeking a solid income-producing property.

Last Agent to Sell the Property

John Brown

Listing by Coldwell Banker Faith Properties License #10311200206 Listed on: 05/23/2025

Coldwell Banker Faith Properties

Last Buyer's Agent

Michael Arcuri

Listing by Assist2Sell Buyers & Sellers 1st Choice License #10401372386

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,362

Year Built

  • Built in 1926

Lot Details

  • 5,280 Sq Ft Lot
  • Lot Dimensions are 40x132
  • Partially Fenced Property
  • Rectangular Lot

Home Design

  • Shake Siding
  • Copper Plumbing
  • Cedar

Interior Spaces

  • 4 Bedrooms
  • 4,488 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range

Parking

  • No Garage
  • Driveway

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 5 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Rent includes all utilities, common area maintenance, electricity, heat, hot water, snow removal, trash collection, water
  • Assessor Parcel Number 212801-120-037-0001-009-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,362

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: All Utilities, Common Area Maintenance, Electricity, Heat, Hot Water, Snow Removal, Trash Collection, Water
  • Year Built: 1926
  • Lot Features: Rectangular, Rectangular Lot
  • Directions: Central Ave to East River
  • Flooring: Laminate, Varies
  • Garage Yn: No
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Property Sub Type Additional: Commercial
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Gas Oven, Gas Range, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 4
  • Stories: 3
  • Stories: 3

Exterior Features

  • Fencing: Partial
  • Acres: 0.1212
  • Waterfront: No
  • Construction Type: Cedar, Shake Siding, Copper Plumbing
  • Exterior Features: Blacktop Driveway, Fence

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

  • Heating: Gas, Baseboard, Hot Water
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Central Valley

Lot Info

  • Parcel Number: 212801-120-037-0001-009-000-0000
  • Lot Dimensions: 40X132
  • Lot Size Sq Ft: 5280.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 5362.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2026 01/06/26 Sold $175,000 0.0% $39 / Sq Ft
11/20/2025 11/20/25 Pending -- -- --
11/01/2025 11/01/25 Off Market $175,000 -- --
07/07/2025 07/07/25 Price Changed $199,900 -9.1% $45 / Sq Ft
05/23/2025 05/23/25 For Sale $219,900 -- $49 / Sq Ft
Source: Mid New York Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,928 $75,300 $6,300 $69,000
2023 $4,976 $75,300 $6,300 $69,000
2022 $4,828 $75,300 $6,300 $69,000
2021 $4,807 $75,300 $6,300 $69,000
2020 $4,894 $75,300 $6,300 $69,000
2019 $2,044 $75,300 $6,300 $69,000
2018 $4,911 $75,300 $6,300 $69,000
2017 $4,667 $75,300 $6,300 $69,000
2016 $4,653 $75,300 $6,300 $69,000
2015 -- $75,300 $6,300 $69,000
2014 -- $75,300 $6,300 $69,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mid New York Regional MLS

MLS Number: S1609850

Mid New York Regional MLS