Side-by-Side
New
For Sale
$479,000
1119-1121 Raymond Road, Malta, NY 12020
MultiFamily, Malta, NY
Property Size3,176 SF
Lot Size0.80 Acres
Price / SF$150.82
Days on Market4
Property Features for 1119-1121 Raymond Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Parking
6
Parking features
Driveway, Off Street
Window features
Screens, Storm Window(s)
Patio and Porch features
Deck
Lot features
Private, Level, Landscaped, Wooded
High school
Ballston Spa
Elementary school district
Ballston Spa
Middle school district
Ballston Spa
High school district
Ballston Spa
Directions
I-87 to exit 12. West on 67 for one mile towards Ballston Spa. Take a right onto Raymond Rd and continue straight for a mile-Duplex is on left.
Standard status
Active
APN
414089 229.-1-16
Size
3,176 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Annual Amount
6364
Utilities
Utilities
Cable Available
Sewer type
Shared Septic
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Well
Amenities
central air
rear walkout access
Building Details
Year built
1970
Number of units
2
Flooring type
Hardwood, Tile - Ceramic, Tile, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
Re Max Solutions · RE/MAX International
(518) 318-3800
Listed By:
Marion J Taylor Paolucci · License #10401256603
(518) 588-9438
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 20 at 8:06AM
MLS# 202624131
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 side-by-side duplex contains two residential units, each with 3 bedrooms and 2 full baths. Separate utilities support independent operation, while forced-air propane heating and central air serve both units. Interior finishes include carpet, ceramic tile, and hardwood, with vinyl siding, asphalt roofing, and rear deck access. Each side also provides a family-room walkout to the backyard.
The property occupies approximately 0.8 acres at 1119-1121 Raymond Road in Malta, New York. Off-street parking and a driveway serve the building. Water is supplied by a well, and the property uses a shared septic system. Built in 1970, the duplex includes above-ground propane tanks with individual meters and cable availability.
The property occupies approximately 0.8 acres at 1119-1121 Raymond Road in Malta, New York. Off-street parking and a driveway serve the building. Water is supplied by a well, and the property uses a shared septic system. Built in 1970, the duplex includes above-ground propane tanks with individual meters and cable availability.
Key Highlights
- Two units, each with 3 bedrooms and 2 full baths
- Approximately 0.8 acres at 1119‑1121 Raymond Road, Malta, NY 12020
- Separate utilities with an individual propane meter for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,171
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$843,420
$843.4K
Cap Rate 7%
$602,443
$602.4K
Cap Rate 9%
$468,567
$468.6K
Market Conditions
NOI Build-Up for 3,176 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.0K $25.20/SF
− Vacancy
−$3.4K −$1.06/SF
EGI
$76.7K $24.14/SF
− OpEx
−$34.5K −$10.86/SF
NOI
$42.2K $13.28/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$843,420
Cap Rate 7%
$602,443
Cap Rate 9%
$468,567
Alternative Uses
Best Use
Multifamily LT 5
$673.3K
$589.2K – $785.6K
NOI $47,134 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$602.4K
$527.1K – $702.9K
NOI $42,171 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$950.6K
$831.8K – $1.11M
NOI $66,544 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 12020, NY
34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate utilities, central air, propane heating, and off-street parking.
Where is this duplex located?
The property is located at 1119-1121 Raymond Road Malta, NY.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full baths; Approximately 0.8 acres at 1119‑1121 Raymond Road, Malta, NY 12020; Separate utilities with an individual propane meter for each unit
