Two-Home Residential Income
17-19 Teal Road Averill Park, NY 12018
New
17-19 Teal Road, Averill Park, NY, 12018
$495,000
For Sale
$495,000
MULTI_FAMILY - Ranch - Averill Park, NY
Property Size3,191 SF
Lot Size1.10 Acres
Price / SF$155.12
Days on Market3
Property Features for 17-19 Teal Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
- Parking
- 10
- Parking features
- Off Street, Driveway, Garage
- Patio and Porch features
- Deck, Patio
- Interior features
- Paddle Fan, High Speed Internet, Radon System, Walk-In Closet(s)
- Basement
- Finished, Sump Pump, Partial, Full, Unfinished
- Standard status
- Active
- APN
- 384000 159.2-2-10.1
- Size
- 3,191 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8764
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Baseboard, Hot Water(Heating), Oil
- Water source
- Well
Building Details
- Year built
- 1997
- Number of units
- 2
- Flooring type
- Vinyl, Tile - Ceramic, Carpet, Laminate
- Building materials
- Drywall, Vinyl Siding
- Roof type
- Asphalt, Metal
- Architectural style
- Ranch
Listing Agency
Sierra North Real Estate LLC
(518) 522-2502
594 Best Road, West Sand Lake, NY
Listed by
Sheila A Lobdell · License #49LO0813274
(518) 522-2502
Added: Jul 16 Checked: Jul 18 at 2:06 am
MLS# 202622083
Listing URL
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 property consists of two separate homes on one maintained parcel in Averill Park, NY. Both residences have been extensively updated with quality finishes, including renovated kitchens with granite countertops, updated bathrooms, new flooring, and modern interior improvements. The setup offers flexibility to occupy, rent, or accommodate extended family, and the overall condition is described as move-in ready.
One of the homes is currently leased through September 30, 2026, providing immediate rental income. The location is described as peaceful and private, with seasonal views of Glass Lake, and public lake access is within walking distance.
The property is offered for sale at 17-19 Teal Road, Averill Park, NY 12018. Agent accompaniment is required for all showings. The broker is related to the sellers.
One of the homes is currently leased through September 30, 2026, providing immediate rental income. The location is described as peaceful and private, with seasonal views of Glass Lake, and public lake access is within walking distance.
The property is offered for sale at 17-19 Teal Road, Averill Park, NY 12018. Agent accompaniment is required for all showings. The broker is related to the sellers.
Key Highlights
- Two separate homes on a 1‑acre parcel, each updated with renovated kitchens and updated baths
- One residence currently leased through September 30, 2026 for immediate rental income
- Ranch home(s) built in 1997 with asphalt and metal roofing and vinyl siding
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 | $63.2k | $19.80 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $59.7k | $18.71 |
| − OpEx | −$17.9k | −$5.61 |
| NOI | $41.8k | $13.10 |
3,191 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.1K
$522.4K – $696.6K
NOI $41,795 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$553.3K
$484.2K – $645.6K
NOI $38,733 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$797.7K
$698.0K – $930.7K
NOI $55,839 @ 7.0% cap · market cap 11.28%
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 - Two updated residences on one parcel, with one home leased through September 30, 2026.
Where is this duplex located?
The property is located at 17-19 Teal Road Averill Park, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two separate homes on a 1‑acre parcel, each updated with renovated kitchens and updated baths; One residence currently leased through September 30, 2026 for immediate rental income; Ranch home(s) built in 1997 with asphalt and metal roofing and vinyl siding
