Updated Triplex with
For Sale
$449,900
Pending
106 Dunsbach Road, Halfmoon, NY 12065
MultiFamily, Halfmoon, NY
Property Size1,620 SF
Lot Size0.69 Acres
Days on Market75
Property Features for 106 Dunsbach Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3
Parking
4
Patio and Porch features
Deck
Basement
Full, Finished
Lot features
Rolling Slope
High school
Shenendehowa
Elementary school district
Shenendehowa
Middle school district
Shenendehowa
High school district
Shenendehowa
Directions
87 S to Grooms Rd exit. L off ramp onto Grooms Rd. R onto Woodin Rd. R onto Dunsback. Duplex on L.
Standard status
Pending
APN
413800 284.2-4-11
Size
1,620 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Annual Amount
5902
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1990
Number of units
3
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Jason D Young · License #10301221711
(518) 878-8749
Added: Jun 10
Changed: Aug 22
Last Checked: Aug 23 at 9:06AM
MLS# 202619214
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1990 triplex in Halfmoon contains three 2BR/1BA units within 1,620 square feet on 0.69 acres. The property is occupied and has received improvements including vinyl siding, replacement windows, flooring, updated bathrooms, and a back deck. Heating is provided by electric baseboard systems, with public water and a septic tank serving the property.
The three units are currently leased, and the source information indicates each remains below a stated area market rent benchmark. At the referenced market rents, the property is projected at a 7.95% cap rate. Additional physical features include an asphalt roof and vinyl flooring.
The three units are currently leased, and the source information indicates each remains below a stated area market rent benchmark. At the referenced market rents, the property is projected at a 7.95% cap rate. Additional physical features include an asphalt roof and vinyl flooring.
Key Highlights
- Three 2BR/1BA units in a triplex configuration
- 1,620 square feet on 0.69 acres
- Built in 1990 with new siding and windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,042
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,840
$480.8K
Cap Rate 7%
$343,457
$343.5K
Cap Rate 9%
$267,133
$267.1K
Market Conditions
NOI Build-Up for 1,620 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $22.20/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$34.3K $21.20/SF
− OpEx
−$10.3K −$6.36/SF
NOI
$24.0K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,840
Cap Rate 7%
$343,457
Cap Rate 9%
$267,133
Alternative Uses
Best Use
Multifamily LT 5
$343.5K
$300.5K – $400.7K
NOI $24,042 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$307.3K
$268.9K – $358.5K
NOI $21,510 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$484.9K
$424.3K – $565.7K
NOI $33,942 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 12065, NY
43,893
Population
19,506
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
35.1 sq mi
ZIP Area
1,251
Density / Sq Mi
$115,681
Median Household Income
$61,692
Median Earnings
$1,419
Median Rent
$356,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Occupied three-unit property in Halfmoon with renovated interiors, public water, and septic service.
Where is this triplex located?
The property is located at 106 Dunsbach Road Halfmoon, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three 2BR/1BA units in a triplex configuration; 1,620 square feet on 0.69 acres; Built in 1990 with new siding and windows
