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    571-575 County Rt 2 Accord, NY 12404

    View on Map
    Sponsored
    For Sale
    Under Contract
    $460,000

    MULTI_FAMILY - Other - Accord, NY

    Property size:
    1,304 SF
    Lot size:
    1.00 Acre
    Days on Market:
    31
    Last Refresh:
    Mar 16 at 8:06 am

    Property Features for 571-575 County Rt 2

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    A3
    Rooms
    Basement, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2
    Bedrooms
    4
    Bathrooms
    3
    APN
    61.3-1-49
    Patio and Porch features
    Porch, Deck
    Interior features
    Beamed Ceilings, Eat-in Kitchen, Granite Counters
    Fireplace
    1
    Basement
    Full, Partial
    Appliances
    Washer, Refrigerator, Free-Standing Refrigerator, Free-Standing Electric Range, Electric Range, Dryer, Dishwasher
    Size
    1,304 SF
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Year built
    1879
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Plank, Carpet, Tile, Wood
    Building materials
    Clapboard, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other
    Additional Structures
    Guest House

    We can help!

    Listing Contact
    Amy Levine
    Amy Levine

    Howard Hanna Rand Realty (845) 338-5252

    Listing agent Amy Levine (914) 388-7393

    Listing date Feb 13, 2026

    MLS# 20254494 Listing URL

    Copyright © 2026 Hudson Valley Catskill Region 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

    Farmhouse with Income-Generating Cottage

    This property features an enchanting farmhouse with a spacious one-bedroom cottage, suitable for guest accommodations, a studio, a home business, or income generation. Located between Stone Ridge and Olive, the property offers a main house connected to the back of the guest cottage via a 30 ft multileveled deck, ensuring privacy for both residences. A separate path provides access to the cottage. The main house includes a living room with a brick fireplace, pine floorboards, and the original wood plank ceiling. Off the living room is a dining room and an updated eat-in kitchen with new stainless steel appliances and direct access to the expansive deck. There is also an inviting bedroom and a full bathroom. Upstairs, there are two additional bedrooms and another full bathroom. The cottage features a living/dining room with a woodstove, cathedral ceilings, and wood floors, opening into an updated kitchen with new stainless-steel appliances. The upstairs includes a generous bedroom with cathedral ceilings and beams, along with a full tiled bathroom. The cottage is approximately 550 square feet. The living room measures 12'4''x11', the kitchen 8'9''x8'8'', the bedroom 15'7''x14'1'', and the bathroom 8'9''x8'8''. The property is situated on a 1-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Accord
    County
    Ulster
    State
    New York
    Longitude
    -74.214586
    Latitude
    41.857821

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    FAQs

    What type of property is this?
    Duplex - Charming farmhouse with a separate cottage for income or guests.
    Where is this duplex located?
    The property is located at 571-575 County Rt 2 Accord, NY.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Main house and separate one-bedroom cottage offer income potential or guest space.; - **Updated kitchens** in both main house and cottage feature new stainless steel appliances.; - **Expansive deck** connects main house and cottage, providing outdoor living space.
    (914) 388-7393
    Request Owner's contact information
    571-575 County Rt 2 Accord, NY 12404
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    Accord, NY 12404
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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
    571-575 County Rt 2 Accord, NY 12404
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    Listing Contact
    Amy Levine
    Amy Levine
    (914) 388-7393
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