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    Legal Two-Family Ranch with Private Entrance Title is generated by Realmo AI

    40 Bailey Road, Montgomery, NY 12549

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    For Sale
    $675,000

    MULTI_FAMILY - Ranch - Montgomery, NY

    Type:Single Family Residence
    Lot size:
    1.10 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 40 Bailey Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
    Parking
    8
    Parking features
    Garage, Driveway
    Interior features
    First Floor Bedroom
    Fireplace
    1
    Basement
    Finished
    Standard status
    Active
    APN
    334289-013-000-0003-028.000-0000
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11588

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1967
    Number of units
    2
    Flooring type
    Laminate, Vinyl, Hardwood
    Building materials
    Frame
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Nancy E. LaBarbera
    Nancy E. LaBarbera

    Listing agent Nancy E. LaBarbera

    Listing office Keller Williams Hudson Valley 9 Bert Crawford Rd, Ste 104, New City, NY

    Listing date Jun 4, 2026

    MLS# 1009419 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

    • Legal two‑family ranch (can be converted back by adding a single interior door) with flexible living for multi‑generational use
    • Upper level: 3 bedrooms, 2 full baths, updated kitchen with granite countertops and stainless steel appliances, plus living area and fireplace
    • Lower level: 2 bedrooms, full kitchen, large family room with fireplace, laundry/utility room, and private entrance to covered patio and three‑season room
    • Full‑size basketball court with stadium lighting in the backyard for recreation
    • Central air and natural gas heating; fireplace present; garage and driveway parking
    • Built in 1967 with frame construction; utilities include electricity; water from well; sewer via septic tank

    Overview

    This legal two-family ranch is currently configured as a spacious single-family residence, with an easy path to revert to a two-family layout by adding a single interior door. The upper level offers three bedrooms, two full baths, an updated kitchen with granite countertops, stainless steel appliances, and a cozy fireplace, along with a comfortable living area for everyday living. The lower level includes two bedrooms, a full kitchen, a large family room with a fireplace, laundry, and a utility room, plus its own private entrance leading to a covered patio and a three-season room.

    Set on a 1.1-acre lot at 40 Bailey Road in Montgomery, New York, the property is described as conveniently located near parks, shopping, dining, major highways, commuter routes, and NYC transportation.

    For buyers seeking a home with in-place separation, the private lower entrance and covered outdoor spaces support multi-generational living, extended family use, or guest arrangements. With the interior door change noted for re-establishing the two-family configuration, the layout also allows flexibility for future rental or multi-household needs. Outdoor amenities include a full-size basketball court with stadium lighting, offering recreation space and room for future customization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.200991
    Latitude
    41.539473

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    FAQs

    What type of property is this?
    Duplex - Ranch home with flexible two-family setup, separate lower-level entry, and multiple fireplaces for comfortable dual living.
    Where is this duplex located?
    The property is located at 40 Bailey Road Montgomery, NY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Legal two‑family ranch (can be converted back by adding a single interior door) with flexible living for multi‑generational use; Upper level: 3 bedrooms, 2 full baths, updated kitchen with granite countertops and stainless steel appliances, plus living area and fireplace; Lower level: 2 bedrooms, full kitchen, large family room with fireplace, laundry/utility room, and private entrance to covered patio and three‑season room
    (845) 800-2184
    We can help!
    Listing Contact
    Nancy E. LaBarbera
    Nancy E. LaBarbera
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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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