Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7639 Us Route 9 Elizabethtown, NY 12932

    Sponsored
    For Sale
    $175,000

    MULTI_FAMILY - Other - Elizabethtown, NY

    Property size:
    1,566 SF
    Lot size:
    0.10 Acres
    Days on Market:
    177
    Last Refresh:
    Feb 20 at 2:06 am

    Property Features for 7639 Us Route 9

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Spa
    1
    Window features
    Vinyl Frames, Double Pane Windows
    Zoning
    Residential
    APN
    55.84-1-16.022
    Parking
    2
    Parking features
    Garage, On Street
    Patio and Porch features
    Porch
    Interior features
    Laminate Counters
    Basement
    Crawl Space
    Appliances
    Free-Standing Electric Range, Refrigerator
    Size
    1,566 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Oil, Hot Water(Heating)
    Cooling system
    Wall Unit(s), Separate Meters, Multi Units
    Water source
    Public

    Building Details

    Year built
    1850
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet, Tile - Ceramic
    Building materials
    Frame, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lauren Murphy

    Heritage Properties of the Adirondacks (518) 963-7876

    Listing agent Lauren Murphy (518) 963-7876

    Listing date Aug 28, 2025

    MLS# 205635 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.

    Learn more

    Property Insight Report

    Overview

    Elizabethtown Income-Producing Rental Property

    This well-maintained income-producing rental property is located in Elizabethtown, NY. It features two 2-bedroom, 1-bathroom apartments, each with carpeted living rooms and bedrooms, and vinyl flooring in the kitchens and bathrooms. Newer thermopane windows, exterior insulated doors, and storm/screen doors have been installed. Each apartment has a 100 amp electric service with separate electric meters, allowing tenants to pay their own electric bills. A newer, oil-fired Weil-McLain boiler provides heat, which is paid for by the owner. The property is connected to town water and has a private septic system. The current rent for each apartment is $700 per month. The building has metal main and porch roofs, vinyl siding, and a stone foundation with a crawl space. Both floors have covered porches. The property includes a small lot with the building set into a wooded side hill, offering room for a garden and/or small, off-street parking area. On-street parking is also allowed. This property is suitable as a starter home for a single person or couple, with the option to live in one apartment and use the rent from the second to help pay the mortgage. It also presents a good, clean investment opportunity. The property is vacant and available for showings anytime. The property size is 1566 square feet and the lot size is 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Hair Salon Big Box & Wholesale Store Spa & Massage Center Law Firm Dental Office Nail Salon Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Essex
    State
    New York
    Longitude
    -73.58834
    Latitude
    44.217854

    Nearby Similar for Sale

    • $199,000
      12,416 SF

      Versatile Commercial Buildings in Elizabethtown

      Two buildings ideal for manufacturing, storage, or conversion.
      105 Hand Ave, Elizabethtown, NY 12932
      View Details
    • $249,000
      12,416 SF

      Elizabethtown Industrial Property - Huge Potential

      12,416 sq ft, 0.4 acre lot, versatile buildings.
      105 Hand Ave, Elizabethtown, NY 12932
      View Details
    • $159,000
      1,272 SF

      Elizabethtown Commercial Property - High Visibility

      Prime location, two units, riverfront access.
      222 Water St, Elizabethtown, NY 12932
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Elizabethtown, NY, perfect for investment or owner-occupancy.
    Where is this duplex located?
    The property is located at 7639 Us Route 9 Elizabethtown, NY.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Income-producing property featuring two 2BR, 1BA apartments, each rentable for $700/month.; - Separate electric meters – tenants pay electric.; - Newer, efficient Weil-McLain oil-fired boiler for heating.
    (518) 963-7876
    Request Owner's contact information
    7639 Us Route 9 Elizabethtown, NY 12932
    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.
    7639 Us Route 9
    Elizabethtown, NY 12932
    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
    7639 Us Route 9 Elizabethtown, NY 12932
    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

    We can help!
    Listing Contact
    Lauren Murphy
    (518) 963-7876 (518) 593-7877
    Learn more
    Google sign-in failed. Please try again or use another login method.