Up-Down Duplex with Two
For Sale
$290,000
40 South Street, Waterford, NY 12188
MULTI_FAMILY - Other - Waterford, NY
Property Size3,184 SF
Lot Size0.11 Acres
Price / SF$91.08
Days on Market51
Property Features for 40 South Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Laundry Room, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
Parking
2
Parking features
Driveway, Off Street
Window features
Screens, Shutters, Double Pane Windows, Blinds, Wood Frames
Patio and Porch features
Porch, Deck
Interior features
Paddle Fan, High Speed Internet, Tray Ceiling(s), Walk-In Closet(s), Built-in Features, Ceramic Tile Bath, Chair Rail
Exterior features
Garden
Fencing
Gate, Fenced, Perimeter, Chain Link
Basement
Exterior Entry, Full, Unfinished
Lot features
Level, Road Frontage, Views, Cleared, Corner Lot, Garden, Waterfront
View
River, Bridge, Water
Elementary school
Waterford
High school
Waterford
Elementary school district
Waterford-Halfmoon
Middle school district
Waterford-Halfmoon
High school district
Waterford-Halfmoon
Directions
Downtown Village of Waterford: Middletown Road to Broad Street; left onto Broad Street; right on Third Street; corner at Third & South
Standard status
Active
APN
415401 291.79-3-1
Size
3,184 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5491
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Water front features
River Front
Water front
1
Building Details
Year built
1860
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Hardwood, Vinyl, Laminate
Building materials
Vinyl Siding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Julie C Baker · License #10301220138
(518) 491-1383
Added: Jun 11
Changed: Jul 24
Last Checked: Jul 31 at 3:06AM
MLS# 202619517
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 property is a beautiful, spacious up-and-down duplex featuring two units, each described as 1,592 square feet. The homes offer modern, bright, open-concept kitchens and hardwood floors. Additional exterior living space includes two decks. Outside, there are large fenced lots that are split, along with two off-street parking spaces.
The duplex is located at 40 South Street in Waterford, NY. Public remarks highlight proximity to RiverSpark and Peebles Island State Park. The listing also notes that the canal waterfront Farmers Market and canal festivals on the promenade are nearby.
The long-term tenant occupancy of both levels may appeal to investors seeking current income, while the configuration also offers an owner-occupant pathway—if desired, the property can be converted to a single-family home to occupy the entire space. The combination of functional interior space and fenced outdoor areas supports a range of residential income or owner-occupied uses, and the duplex format is designed to be straightforward for day-to-day management. This is a for-sale property offered with price improvement per the listing remarks.
The duplex is located at 40 South Street in Waterford, NY. Public remarks highlight proximity to RiverSpark and Peebles Island State Park. The listing also notes that the canal waterfront Farmers Market and canal festivals on the promenade are nearby.
The long-term tenant occupancy of both levels may appeal to investors seeking current income, while the configuration also offers an owner-occupant pathway—if desired, the property can be converted to a single-family home to occupy the entire space. The combination of functional interior space and fenced outdoor areas supports a range of residential income or owner-occupied uses, and the duplex format is designed to be straightforward for day-to-day management. This is a for-sale property offered with price improvement per the listing remarks.
Key Highlights
- Beautiful up‑and‑down duplex with long‑term tenant occupancy on both levels
- Both units offer 1,592 SF each, providing spacious living across 5 bedrooms total (Bedrooms 1–5) and 3+ bathrooms (Bath 1–3)
- River front property with chain‑link perimeter fencing and gated, fenced lots (split lots)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 12188, NY
11,035
Population
5,197
Households
2.1
Avg Household Size
43
Median Age
32%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
849
Density / Sq Mi
$87,212
Median Household Income
$46,738
Median Earnings
$1,097
Median Rent
$278,100
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 - Spacious owner-up/down duplex offers two long-term tenant-occupied units with decks, hardwood floors, and fenced outdoor space.
Where is this duplex located?
The property is located at 40 South Street Waterford, NY.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Beautiful up‑and‑down duplex with long‑term tenant occupancy on both levels; Both units offer 1,592 SF each, providing spacious living across 5 bedrooms total (Bedrooms 1–5) and 3+ bathrooms (Bath 1–3); River front property with chain‑link perimeter fencing and gated, fenced lots (split lots)
