Prime Two-Family Investment Opportunity in Amsterdam, NY

Opportunity awaits at 321 E Main Street, Amsterdam, NY 12010, where this spacious and well-maintained two-family home offers exceptional value for both investors and owner-occupants alike.

Priced at $225,000, this property combines strong rental potential, generous living space, and a prime corner-lot location in the heart of Amsterdam. With separate utilities, updated features, and impressive square footage, this property stands out as a versatile and income-producing real estate opportunity.

Spacious Two-Family Layout

This large two-family home features two expansive residential units, each offering four bedrooms, making a total of eight bedrooms throughout the property. Each unit is thoughtfully laid out to provide comfortable and functional living spaces, ideal for families, tenants, or owner-occupants looking to offset their mortgage with rental income.

Both units include:

A bright living room with ample space for relaxation and entertaining

A formal dining room, perfect for family meals or gatherings

An eat-in kitchen offering functionality and room for customization

A full bathroom

A private porch, adding valuable outdoor living space

The generous room sizes and classic layout make these units highly attractive to renters seeking space, comfort, and convenience.

Renovated Second-Floor Unit

One of the standout features of this property is the recently renovated second-floor unit. Updates provide a modern touch while maintaining the home’s original character. Renovations improve both aesthetic appeal and functionality, making the unit move-in ready and appealing to quality tenants or a future owner-occupant.

Whether you choose to live in the updated unit while renting out the other or lease both units for maximum income potential, this property offers flexibility to meet your financial goals.

Separate Utilities for Maximum Efficiency

The home is equipped with separate utilities for each unit, a highly desirable feature for any multi-family investment. This setup simplifies property management, reduces owner expenses, and allows tenants to take responsibility for their own utility usage. Separate utilities not only enhance profitability but also make the property more appealing to long-term renters.

Walk-Out Basement with Bonus Rooms

Adding even more value is the walk-out basement, which includes two bonus rooms. These additional spaces can be used in a variety of ways—storage, office space, hobby rooms, or potential future improvements (subject to local zoning and building regulations).

The walk-out design provides easy access and natural light, making the basement far more functional than typical lower-level spaces.

For investors, this extra square footage represents added versatility and long-term upside potential.

Corner Lot Advantage

Situated on a corner lot, this property benefits from increased natural light, improved curb appeal, and a more open feel. Corner lots are often preferred by both homeowners and tenants due to better accessibility and a sense of added privacy. The location enhances the property’s overall desirability and market value.

Ideal for Owner-Occupants or Investors

This property is a great owner-occupied candidate, allowing buyers to live in one unit while generating rental income from the other. With four bedrooms per unit, the rental income potential is strong, helping offset mortgage costs and build long-term equity.

For investors, this home represents a solid addition to a rental portfolio. Large units with multiple bedrooms are consistently in demand, especially in areas where affordable housing options are limited. The combination of size, separate utilities, and recent renovations makes this property well-positioned for steady cash flow.

Strong Rental Potential

With “great rents” already in place, this property demonstrates proven income performance. The large unit sizes, functional layouts, and desirable features make it attractive to tenants seeking long-term housing. The renovated second-floor unit adds further rental appeal and potential for premium pricing.

Whether maintaining current tenants or repositioning the property for increased returns, the income potential here is significant.

Convenient Amsterdam Location

Located on East Main Street, this home offers convenient access to local amenities, schools, shopping, dining, and public transportation. Amsterdam’s central location within the Capital Region provides access to nearby cities while maintaining a small-city community feel. This accessibility enhances tenant demand and supports long-term property value.

A Smart Real Estate Investment

At $225,000, 321 E Main Street represents an excellent value for a property of this size and configuration. With 8 bedrooms, 2 full bathrooms, separate utilities, bonus basement space, and a renovated unit, this two-family home checks all the boxes for a smart real estate investment.

Whether you are a first-time investor, a seasoned landlord, or a buyer seeking an owner-occupied opportunity, this property offers flexibility, income potential, and room for future growth.

Final Thoughts

Opportunities like this don’t come along often. This large two-family home combines space, updates, and income potential in one complete package. With its corner-lot location, renovated second-floor unit, walk-out basement, and strong rental history, 321 E Main Street is a property that truly delivers on both lifestyle and investment value.

Schedule a viewing today and discover how this versatile Amsterdam property can work for you—whether as your next home, your next investment, or both.

FROM ZILLOW

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