Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12 Raymond St Malone, NY 12953

    View on Map
    Sponsored
    For Sale
    $98,000

    MULTI_FAMILY - Other - Malone, NY

    Property size:
    2,322 SF
    Lot size:
    0.14 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 30 at 12:06 pm

    Property Features for 12 Raymond St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    APN
    112.27-4-9
    Parking features
    Garage, Driveway
    Interior features
    Apartment
    Basement
    Unfinished
    Appliances
    Electric Oven, Electric Range, Refrigerator
    Size
    2,322 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating), Oil
    Water source
    Public

    Building Details

    Year built
    1920
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    JoAnna Brown

    Northern Adirondack Realty

    Listing agent JoAnna Brown

    Listing date Mar 19, 2026

    MLS# 206746

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Malone Triplex with Carriage House

    This triplex property includes a one-car carriage house/garage with additional storage space above. The property is located in Malone, NY. The lot size is 0.14 acres. The property size is 2322 square feet. This property is suitable for starting a new business or for rental opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malone
    County
    Franklin
    State
    New York
    Longitude
    -74.278968
    Latitude
    44.850693

    Nearby Similar for Sale

    • $900,000
      5,053 SF

      Turn-Key Restaurant Opportunity in Malone

      Fully equipped restaurant with high visibility and growth potential.
      609 E Main St, Malone, NY 12953
      View Details
    • $399,999
      6,900 SF

      Historic Brick Building in Malone

      6,900 sq ft commercial building with renovation potential.
      16 Elm St, Malone, NY 12953
      View Details
    • $599,000
      7,692 SF

      Iconic Victorian Multifamily Investment Property

      Meticulously revitalized seven-unit Victorian property in Malone, NY.
      56 Park St, Malone, NY 12953
      View Details
    • $249,900
      4,280 SF

      High-Visibility Commercial Site in Malone

      Former sports center with showroom, office, and storage space.
      689 E Main St, Malone, NY 12953
      View Details
    • $169,900
      1,116 SF

      Malone, NY Commercial Property

      Commercial property in Malone, NY, currently operating as a seasonal business.
      102 Pearl St, Malone, NY 12953
      View Details
    • $329,900
      5,445 SF

      Commercial Building with Rental Home

      3,840 sq ft commercial building with a 4-bedroom rental home.
      274 W Main St, Malone, NY 12953
      View Details
    • $79,800
      1,411 SF

      Updated Duplex in Malone, NY

      Well-maintained duplex, ideal for investors or owner-occupants.
      17 Fort Covington St, Malone, NY 12953
      View Details
    • $155,000
      2,231 SF

      Spacious Duplex with Two-Car Garage

      Duplex featuring separate living spaces and a two-car garage.
      572 E Main St, Malone, NY 12953
      View Details
    • $165,000
      1,711 SF

      Mixed-Use Property with Office, Apartment

      Versatile property with office space, apartment, and garage.
      566 E Main St, Malone, NY 12953
      View Details
    • New
      $75,000
      2,464 SF

      Spacious Duplex Outside Malone Village

      Duplex on 0.55 acres with strong value-add potential.
      14829 State Route 30, Malone, NY 12953
      View Details
    • $139,000
      1,610 SF

      Rented Two-Family Home in Malone

      Two-family residential property generating $1,650 monthly income in Malone, NY.
      41 Howard Ave, Malone, NY 12953
      View Details
    • $139,900
      2,500 SF

      Mixed-Use Buildings Near Courthouse

      Two commercial buildings with apartments and office space in Malone.
      10 Railroad St, Malone, NY 12953
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex with carriage house, ideal for business or rental.
    Where is this triplex located?
    The property is located at 12 Raymond St Malone, NY.
    What is the asking price?
    The asking price for this property is $98,000.
    What are key features of this property?
    This property features: - Triplex property offers rental income potential.; - Includes a spacious one-car carriage house/garage.; - Carriage house features additional storage space above.
    (518) 593-5347
    Request Owner's contact information
    12 Raymond St Malone, NY 12953
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12 Raymond St
    Malone, NY 12953
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Raymond St Malone, NY 12953
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    JoAnna Brown
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!