Renovated Two-Family Home with Lake
1209 State Route 52 Loch Sheldrake, NY 12759
1209 State Route 52, Loch Sheldrake, NY, 12759
$329,888
For Sale
$329,888
MULTI_FAMILY - Loch Sheldrake, NY
Property Size1,785 SF
Lot Size0.28 Acres
Price / SF$184.81
Days on Market96
Property Features for 1209 State Route 52
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 2
- Parking features
- Driveway, Garage
- Window features
- ENERGY STAR Qualified WIndows
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 2889-017-0-0001-038-000
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4418
Utilities
- Sewer type
- Public Sewer
- Heating system
- Energy Star Qualified Equipment (Heating)
- Cooling system
- ENERGY STAR Qualified Equipment
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 2
- Building materials
- Frame
Listing Agency
Lombardo Homes & Estates
(516) 200-6448
195 San Juan Dr, NY
Listed by
Joseph V. Lombardo CBR
(516) 200-6448
Added: Apr 14 Checked: Jul 18 at 8:06 pm
MLS# 985377
Listing URL
Copyright © 2026 OneKey MLS. 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 renovated two-family house features a total of five bedrooms, with one unit containing two bedrooms and the other containing three bedrooms. The 1,785 square foot property is situated on 0.28 acres and includes a detached one-car garage. The house has been completely renovated, including new plumbing, electric, heating, and baseboard systems. Each room has its own heating zone. The property also features a new kitchen, bathrooms, flooring, roof, windows, and siding. The house is 100% electric. Located in the heart of Loch Sheldrake, the property provides easy access to local amenities. The second-floor apartment offers a water view of the lake. Public water and sewer services are available. The property is currently fully rented on a month-to-month basis, with Apartment 1 paying $1,200 per month and Apartment 2 paying $1,100 per month. This property is suitable for an investor or an owner-occupant seeking rental income.
Key Highlights
- Fully renovated 2‑family home with 5 bedrooms total (Apartment 1: 2BR, Apartment 2: 3BR) on 0.28 acres
- Rental income: Apartment 1 pays $1,200/month; Apartment 2 pays $1,100/month (month‑to‑month)
- 1,785 sq ft home with lake water views from the second‑floor apartment
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.9k | $12.84 |
| − Vacancy | −$2.6k | −$1.45 |
| EGI | $20.3k | $11.39 |
| − OpEx | −$6.1k | −$3.42 |
| NOI | $14.2k | $7.97 |
1,785 SF · lease $12.84/SF/yr · vacancy 11.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.3K
$177.9K – $237.2K
NOI $14,231 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$194.7K
$170.3K – $227.1K
NOI $13,627 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey, renovated 5-bedroom home with rental income potential.
Where is this duplex located?
The property is located at 1209 State Route 52 Loch Sheldrake, NY.
What is the asking price?
The asking price for this property is $329,888.
What are key features of this property?
This property features: Fully renovated 2‑family home with 5 bedrooms total (Apartment 1: 2BR, Apartment 2: 3BR) on 0.28 acres; Rental income: Apartment 1 pays $1,200/month; Apartment 2 pays $1,100/month (month‑to‑month); 1,785 sq ft home with lake water views from the second‑floor apartment
