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    The Largest CRE Database in the US with Over 1 Million Listings

    352 Old Route 22 Wassaic, NY 12592

    Sponsored
    For Sale
    Pending
    $450,000

    MULTI_FAMILY - Ranch - Wassaic, NY

    Type:Single Family Residence
    Lot size:
    0.83 Acres
    Days on Market:
    58
    Last Refresh:
    Jan 29 at 5:06 am

    Property Features for 352 Old Route 22

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Pending
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 4, Basement
    Bedrooms
    5
    Bathrooms
    3
    APN
    132000-7166-03-170125-0000
    Parking features
    Garage, Driveway
    Patio and Porch features
    Porch, Deck
    Interior features
    First Floor Bedroom, First Floor Full Bath
    Fireplace
    1
    Basement
    Full
    Lot size
    0.83 Acres

    Utilities

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

    Building Details

    Year built
    1960
    Number of units
    2
    Flooring type
    Carpet, Laminate, Hardwood
    Building materials
    Wood Siding
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Ernest Smajlaj
    Ernest Smajlaj

    RE/MAX Town & Country (203) 240-7233

    Listing agent Ernest Smajlaj (347) 679-2596

    Listing date Dec 3, 2025

    MLS# 913821 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.

    Learn more

    Property Insight Report

    Overview

    Spacious Duplex in Wassaic, NY

    This spacious two-family duplex is suitable for investors, multi-generational living, or those seeking rental income. The property includes almost a full acre of land. The main unit features 4 bedrooms and 2 full bathrooms, along with a wood-burning fireplace in the living room. The lower unit has a private 1-bedroom, 1-bath layout with a separate entrance and an additional room with a closet that can be used as an office or gym. The property has two electric meters and individual heating zones. A 2-car garage with a storage unit above is included, as well as a separate shed. The property is located in Wassaic, NY, and is near the Metro North train station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Grocery Store Bar & Pub Food Market Bakery Nursing Home Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Wassaic
    County
    Dutchess
    State
    New York
    Longitude
    -73.55633
    Latitude
    41.812652

    Nearby Similar for Sale

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      0.57 Acres

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    • $460,000

      Legal Two-Family Home Opportunity

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    FAQs

    What type of property is this?
    Duplex - Two-family duplex with rental income potential in a prime location.
    Where is this duplex located?
    The property is located at 352 Old Route 22 Wassaic, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Two-family duplex ideal for investors or multi-generational living with rental income potential.; - Almost a full acre of land providing ample outdoor space.; - Main unit features **4 bedrooms and 2 full bathrooms** with a wood-burning fireplace.
    (347) 679-2596
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    352 Old Route 22 Wassaic, NY 12592
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    Wassaic, NY 12592
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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.

    More about this property
    352 Old Route 22 Wassaic, NY 12592
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    We can help!
    Listing Contact
    Ernest Smajlaj
    Ernest Smajlaj
    (347) 679-2596
    Learn more
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