Two-Bedroom Duplex with Private
For Sale
$285,000
25 Trim Road, Morrisonville, NY 12962
Residential Income, Morrisonville, NY
Property Size1,980 SF
Lot Size1.75 Acres
Price / SF$143.94
Days on Market76
Property Features for 25 Trim Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Parking features
Oversize, Driveway
Spa
1
Patio and Porch features
Deck, Patio
Interior features
Apartment, Eat-in Kitchen, Pantry
Exterior features
Private Entrance, Private Yard, Rain Gutters
Appliances
Dishwasher, Microwave, Range, Refrigerator
Lot features
Back Yard, Cleared
Elementary school district
Beekmantown
Middle school district
Beekmantown
High school district
Beekmantown
Directions
Route 374 west to Rand Hill Road. Right on Rand Hill. At the stop sign turn left up the hill and then right on Trim Road. Property on the left.
Subdivision
Morrisonville, Cadyville, West Plattsburgh
Standard status
Active
APN
190.-1-15.63
Size
1,980 SF
Lot size
1.75 Acres
Taxes and HOA fees
Tax Annual Amount
3703
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Propane (Heating), Radiant Floor, Radiant
Water source
Well
Building Details
Year built
2013
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
REMAX North Country
(518) 563-1200
Listed By:
Tammy Perrotte Sears · License #30PE0695155
(518) 572-0528
Added: Jun 19
Changed: Aug 30
Last Checked: Sep 2 at 12:06AM
MLS# 207630
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.
Investment Insights
Based on property information with market context.
Constructed in 2013, this ranch-style duplex contains 1,980 square feet with two bedrooms and two full bathrooms in each unit. Separate entrances, private yard areas, patios, and a deck support distinct residential layouts. Interior features include eat-in kitchens and pantries, while appliances include ranges, refrigerators, dishwashers, and microwaves. Vinyl siding, ceramic tile, carpet, asphalt roofing, and radiant propane heating complete the improvements.
The property occupies 1.75 acres at 25 Trim Road in Morrisonville, NY. A newly paved drive-through driveway provides access and oversized driveway parking. The site is served by a private well and septic tank, with cable available. The duplex offers a two-unit configuration suitable for residential income use or owner occupancy with a separate unit.
The property occupies 1.75 acres at 25 Trim Road in Morrisonville, NY. A newly paved drive-through driveway provides access and oversized driveway parking. The site is served by a private well and septic tank, with cable available. The duplex offers a two-unit configuration suitable for residential income use or owner occupancy with a separate unit.
Key Highlights
- Duplex built in 2013 with 1,980 square feet
- Two units, each with 2 bedrooms and 2 full baths
- Situated on 1.75 acres in Morrisonville, NY
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,100
$338.1K
Cap Rate 7%
$241,500
$241.5K
Cap Rate 9%
$187,833
$187.8K
Market Conditions
NOI Build-Up for 1,980 SF
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.
Gross rent
$26.1K $13.20/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$24.1K $12.20/SF
− OpEx
−$7.2K −$3.66/SF
NOI
$16.9K $8.54/SF
Area
Clinton County, NY
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,100
Cap Rate 7%
$241,500
Cap Rate 9%
$187,833
Alternative Uses
Best Use
Multifamily LT 5
$241.5K
$211.3K – $281.8K
NOI $16,905 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$214.7K
$187.9K – $250.5K
NOI $15,028 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$545.8K
$477.6K – $636.8K
NOI $38,206 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 12962, NY
5,463
Population
2,412
Households
2.3
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
38.3 sq mi
ZIP Area
143
Density / Sq Mi
$67,511
Median Household Income
$50,642
Median Earnings
$1,026
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with separate entrances, flexible owner-occupant appeal, and a newly paved driveway for convenient parking.
Where is this duplex located?
The property is located at 25 Trim Road Morrisonville, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex built in 2013 with 1,980 square feet; Two units, each with 2 bedrooms and 2 full baths; Situated on 1.75 acres in Morrisonville, NY
