Tenant-Occupied Duplex with
18 Main Street Lake Luzerne, NY 12846
18 Main Street, Lake Luzerne, NY, 12846
$189,900
For Sale
$189,900
MULTI_FAMILY - Other - Lake Luzerne, NY
Property Size1,800 SF
Lot Size0.15 Acres
Price / SF$105.50
Days on Market16
Property Features for 18 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Parking
- 6
- Parking features
- Driveway
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 523200 298.15-2-12
- Size
- 1,800 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2232
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
KW Platform
(518) 724-5800
935 New Loudon Rd, Latham, NY
Listed by
Thaddeus Jones · License #10301220962
(518) 681-1836
Added: Jul 2 Checked: Jul 17 at 6:06 pm
MLS# 202620941
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 tenant-occupied duplex includes a durable metal roof and has been described as having a freshly painted exterior. The property is served by municipal water and private septic. According to the listing, one unit may be delivered vacant, which can provide flexibility for an owner-occupant or a buyer looking to adjust occupancy.
The building is located on Main Street in Lake Luzerne, NY. Public remarks indicate it is within a short walk to Wayside Beach and Pavilion Park. The property is zoned HC (Hamlet Commercial), and a portion of the building is currently used only for storage.
For tenants or buyers seeking residential income, the current duplex configuration offers straightforward use as two units with on-site services for utilities. For an owner evaluating longer-term options, the listing notes that it may be possible to add residential or commercial units with proper town approvals, while the existing storage portion could be considered in that planning. Please note that some photos were taken when the units were previously vacant.
The building is located on Main Street in Lake Luzerne, NY. Public remarks indicate it is within a short walk to Wayside Beach and Pavilion Park. The property is zoned HC (Hamlet Commercial), and a portion of the building is currently used only for storage.
For tenants or buyers seeking residential income, the current duplex configuration offers straightforward use as two units with on-site services for utilities. For an owner evaluating longer-term options, the listing notes that it may be possible to add residential or commercial units with proper town approvals, while the existing storage portion could be considered in that planning. Please note that some photos were taken when the units were previously vacant.
Key Highlights
- Tenant‑occupied duplex with Main Street location in Lake Luzerne; one unit may be delivered vacant
- Metal roof and freshly painted exterior reported in the public remarks
- Municipal water with private septic tank
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 | $25.3k | $14.04 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $23.5k | $13.06 |
| − OpEx | −$7.1k | −$3.92 |
| NOI | $16.5k | $9.14 |
1,800 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.7K – $274.2K
NOI $16,452 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$214.4K
$187.6K – $250.2K
NOI $15,010 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$538.8K
$471.4K – $628.6K
NOI $37,714 @ 7.0% cap · market cap 19.86%
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 - Duplex with municipal water and private septic, metal roof, and one unit possibly available to support owner use.
Where is this duplex located?
The property is located at 18 Main Street Lake Luzerne, NY.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Tenant‑occupied duplex with Main Street location in Lake Luzerne; one unit may be delivered vacant; Metal roof and freshly painted exterior reported in the public remarks; Municipal water with private septic tank
