Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    41 Howard Avenue Malone, NY 12953

    View on Map
    Claim this Listing
    For Sale
    $139,000

    MULTI_FAMILY - Other - Malone, NY

    Property size:
    1,610 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $86/SF
    Added:
    Jun 24, 2025
    Days on Market:
    317
    Last Refresh:
    May 6 at 3:06 am

    Property Features for 41 Howard Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Parking
    2
    Spa
    1
    Window features
    Double Pane Windows
    Basement
    Full
    Appliances
    Free-Standing Range, Refrigerator
    Standard status
    Active
    APN
    112.34-2-10.200
    Size
    1,610 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2764

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Oil
    Water source
    Public

    Building Details

    Year built
    1880
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Aluminum Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    John Fleury

    Listing agent John Fleury

    Listing office Fleury Realty 9 Finney Blvd., Malone, NY

    Listing date Jun 24, 2025

    MLS# 205012 Listing URL

    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.

    Overview

    Rented Two-Family Home in Malone

    This residential income property is a two-family home currently rented and generating a total monthly income of $1,650. Located in Malone, NY, the property is situated on a 0.19-acre lot. The building encompasses 1,610 square feet and is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Malone
    County
    Franklin
    State
    New York
    Longitude
    -74.285429
    Latitude
    44.847603

    Nearby Similar for Sale

    • $900,000
      5,053 SF

      Turn-Key Restaurant Opportunity in Malone

      Fully equipped restaurant with high visibility and growth potential.
      609 E Main Street, Malone, NY 12953
      View Details
    • $399,999
      6,900 SF

      Historic Brick Building in Malone

      6,900 sq ft commercial building with renovation potential.
      16 Elm Street, Malone, NY 12953
      View Details
    • $249,900
      4,280 SF

      High-Visibility Commercial Site in Malone

      Former sports center with showroom, office, and storage space.
      689 E Main Street, Malone, NY 12953
      View Details
    • $59,900
      4,680 SF

      Three-Story Commercial Building in Malone

      Three-story commercial building in the heart of Malone, New York.
      428+430 E Main Street, Malone, NY 12953
      View Details
    • $115,000
      2,262 SF

      Spacious Duplex with 3-Bay Garage

      Duplex near amenities with large backyard and 3-bay garage.
      20 Franklin Street, Malone, NY 12953
      View Details
    • $329,900
      5,445 SF

      Commercial Building with Rental Home

      3,840 sq ft commercial building with a 4-bedroom rental home.
      274 W Main Street, Malone, NY 12953
      View Details
    • $75,000
      2,464 SF

      Spacious Duplex Outside Malone Village

      Duplex on 0.55 acres with strong value-add potential.
      14829 State Route 30, Malone, NY 12953
      View Details
    • $79,800
      1,411 SF

      Updated Duplex in Malone, NY

      Well-maintained duplex, ideal for investors or owner-occupants.
      17 Fort Covington Street, Malone, NY 12953
      View Details
    • $24,900
      2,630 SF

      Multi-Family Farm House in Malone

      Two-story multi-family property in Malone, NY, ideal for rehab.
      10 Willson Street, Malone, NY 12953
      View Details
    • $169,900
      1,116 SF

      Malone, NY Commercial Property

      Commercial property in Malone, NY, currently operating as a seasonal business.
      102 Pearl Street, Malone, NY 12953
      View Details
    • $98,000
      2,322 SF

      Malone Triplex with Carriage House

      Triplex with carriage house, ideal for business or rental.
      12 Raymond Street, Malone, NY 12953
      View Details
    • $69,900
      42 SF

      Malone, NY Duplex Opportunity

      Duplex with potential for income generation in Malone, NY.
      90 Academy Street, Malone, NY 12953
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family residential property generating $1,650 monthly income in Malone, NY.
    Where is this duplex located?
    The property is located at 41 Howard Avenue Malone, NY.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Currently generates $1,650.00 per month in rental income.; Two‑family property.; Includes refrigerator and free‑standing range.
    (518) 483-4000
    We can help!
    Listing Contact
    John Fleury
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    41 Howard Avenue, Malone, NY 12953
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!