Mixed-Use Multifamily
1375 Dimmick Mountain Road Denver, NY 12455
1375 Dimmick Mountain Road, Denver, NY, 12455
$249,000
For Sale
$249,000
MULTI_FAMILY - Denver, NY
Property Size1,200 SF
Lot Size5.29 Acres
Price / SF$207.50
Days on Market106
Property Features for 1375 Dimmick Mountain Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Security features
- Security
- Exterior features
- PropaneTankLeased
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 243-1-54.5
- Size
- 1,200 SF
- Lot size
- 5.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4200
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Propane (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Well
- Water front features
- River Access, Stream
Building Details
- Year built
- 1998
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Varies
- Building materials
- Frame
- Roof type
- Shingle, Asphalt
Listing Agency
Keller Williams Upstate NY Properties
(845) 586-6220
42415 State Highway 28, Oneonta, NY
Listed by
Pamela Jean Orr · License #30OR0766776
(845) 853-3255
Added: Apr 4 Checked: Jul 18 at 10:06 am
MLS# R1671156
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. 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 mixed-use multifamily building includes a separate door with stairs leading to the second floor, where additional unfinished space is available (600 sq ft) that can be finished to suit your needs. The property also includes an existing 1,200 sq ft building and a roof replacement completed in 2024. A paved parking area totaling 4,000 sq ft is included for the post office tenant.
Set on approximately 5.29 acres, the site features a Bataviakill stream running through the property and a mowed meadow with mostly level areas and a gently sloping portion toward the back. The layout supports flexible use, including the ability to park an RV or tiny home, and potential for an additional structure, subject to Middletown Code review.
For buyers, the current post office rental expires 7/1/28 and includes two additional 5-year options, each with a 10% escalation clause. Financials will be provided to qualified buyers.
Set on approximately 5.29 acres, the site features a Bataviakill stream running through the property and a mowed meadow with mostly level areas and a gently sloping portion toward the back. The layout supports flexible use, including the ability to park an RV or tiny home, and potential for an additional structure, subject to Middletown Code review.
For buyers, the current post office rental expires 7/1/28 and includes two additional 5-year options, each with a 10% escalation clause. Financials will be provided to qualified buyers.
Key Highlights
- Mixed‑use building on 4 acres with separate access to a second‑floor area that includes 600 sq ft unfinished space
- 1,200 sq ft building with additional 600 sq ft unfinished space that can be finished for personal use or as extra rental
- Post office rental includes 4,000 sq ft paved parking area for the tenant
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 | $23.0k | $19.20 |
| − Vacancy | −$3.2k | −$2.63 |
| EGI | $19.9k | $16.57 |
| − OpEx | −$6.0k | −$4.97 |
| NOI | $13.9k | $11.60 |
1,200 SF · lease $19.20/SF/yr · vacancy 13.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.8K
$174.0K – $232.0K
NOI $13,918 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$182.0K
$159.2K – $212.3K
NOI $12,737 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
United States Postal ...
Shipping And Mailing Service
FAQs
What type of property is this?
Duplex - Multifamily property with a post office rental and an unfinished second-floor space accessible via a separate entry.
Where is this duplex located?
The property is located at 1375 Dimmick Mountain Road Denver, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Mixed‑use building on 4 acres with separate access to a second‑floor area that includes 600 sq ft unfinished space; 1,200 sq ft building with additional 600 sq ft unfinished space that can be finished for personal use or as extra rental; Post office rental includes 4,000 sq ft paved parking area for the tenant
