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    Ranch Duplex with Wood-Burning Fireplaces Title is generated by Realmo AI

    32 Old Route 199, Red Hook, NY 12571

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    For Sale
    $899,000

    MULTI_FAMILY - Ranch - Red Hook, NY

    Type:Single Family Residence
    Lot size:
    4.00 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 32 Old Route 199

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 5, Basement, Bedroom 5, Bathroom 1
    Parking
    4
    Parking features
    Driveway
    Pool private
    1
    Interior features
    First Floor Bedroom, Open Kitchen, Primary Bathroom, Quartz/Quartzite Counters
    Fireplace
    1
    Basement
    Partially Finished, Storage Space, Finished
    Standard status
    Active
    APN
    134889-6172-00-625810-0000.
    Lot size
    4.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    11470

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Oil, Forced Air, Electric (Heating)
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1976
    Number of units
    2
    Flooring type
    Combination
    Building materials
    Block, Vinyl Siding
    Architectural style
    Ranch
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Jennifer Fivelsdal

    Listing agent Jennifer Fivelsdal

    Listing office JFIVE Homes Realty, LLC 162 Deer Run Road, Red Hook, NY

    Listing date Apr 20, 2026

    MLS# 985647 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.

    HighLights

    • Ranch home built in 1976 set on 4 acres at the end of a long private drive
    • Two separate living units: Unit One has 4 bedrooms, 3 bathrooms, and a finished lower level; Unit Two has 2 bedrooms and 2 bathrooms
    • Wood‑burning fireplace plus wood stove, offering multiple heat sources (oil/forced air and electric heating)
    • Well water with septic tank; cable available
    • Private pool (PoolPrivateYN: true) with expansive decks and porches overlooking pastoral views
    • Additional outdoor buildings and features include a studio cottage, former sheep barn with storage, and chicken coops

    Overview

    Shepherd’s Knoll is a distinctive ranch-style duplex set at the end of a long private drive on four acres with lawns, pastures, and lightly wooded areas. The property includes two spacious living units that could be converted back into a single-family home. Unit One features four bedrooms, three bathrooms, and a finished lower level. Unit Two offers two bedrooms and two bathrooms and has a strong history as a short-term rental. Both units include wood-burning fireplaces and a wood stove for a warm, inviting atmosphere.

    Outdoor living is a centerpiece, with expansive decks and porches overlooking pastoral views. Additional features on the grounds include a charming studio cottage, a former sheep barn with storage, chicken coops, and established garden areas. The property is located less than two miles from the village and just minutes from Bard College, including the Fisher Center, as well as Montgomery Place, offering a balance of privacy and access to Hudson Valley culture.

    This offering is well suited for buyers seeking multi-generational flexibility, a primary home with a separate guest or rental setup, or a private sanctuary close to town and campus activity. Whether keeping the current two-unit configuration or planning for a future conversion, the land, views, and outbuildings provide practical room to live, host, or expand uses over time.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shepherds Knoll Vacation Rental

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Skin Care Clinic Kitchen & Bath Showroom Food Market Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Hook
    County
    Dutchess
    State
    New York
    Longitude
    -73.906096
    Latitude
    41.998551

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    FAQs

    What type of property is this?
    Duplex - Two flexible living units on four private acres, with outdoor decks and historic outbuildings for everyday comfort or conversion.
    Where is this duplex located?
    The property is located at 32 Old Route 199 Red Hook, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Ranch home built in 1976 set on 4 acres at the end of a long private drive; Two separate living units: Unit One has 4 bedrooms, 3 bathrooms, and a finished lower level; Unit Two has 2 bedrooms and 2 bathrooms; Wood‑burning fireplace plus wood stove, offering multiple heat sources (oil/forced air and electric heating)
    (845) 594-9947
    We can help!
    Listing Contact
    Jennifer Fivelsdal
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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