Building Details

Year Built 1990

Buildings 1

Listing Agency: Coldwell Banker Prime Properties

Listed By: Sawsan Salamah · License #40SA0814018 Show Phone

Source: Capmarkrealty

Added: Aug 28 Changed: Oct 10 Last Checked: Oct 12 at 4:55PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Prime Properties

Investment Insights

Based on property information with market context.

This two-family duplex contains two 3-bedroom, 1.5-bath units within a 2,865-square-foot property built in 1990. Each residence has a practical layout, a renovated bathroom, updated flooring, and a private walk-out basement. Separate utilities and a one-car garage for each unit add functional independence and storage.

The property occupies 0.81 acres in Halfmoon, NY, within the Shenendehowa School District. Additional parking is available on both sides of the home, while the expansive lot provides outdoor space beyond the building. A newer roof completes the recent property updates.

Key Highlights

• Two 3‑bedroom, 1.5‑bath units in a 2,865‑square‑foot duplex
• Each unit includes a renovated bathroom and updated flooring
• Separate utilities and one‑car garage for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,519

Cap Rate

7.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$850,380 $850.4K

Cap Rate 7%

$607,414 $607.4K

Cap Rate 9%

$472,433 $472.4K

Market Conditions

NOI Build-Up for 2,865 SF

Gross rent

$63.6K $22.20/SF

− Vacancy

−$2.9K −$1.00/SF

EGI

$60.7K $21.20/SF

− OpEx

−$18.2K −$6.36/SF

NOI

$42.5K $14.84/SF

Area

Saratoga County, NY

Vacancy

4.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$850,380

Cap Rate 7%

$607,414

Cap Rate 9%

$472,433

Alternative Uses

Best Use

Multifamily LT 5

$607.4K

$531.5K – $708.7K (±1% cap)

NOI $42,519 @ 7.0% cap · market cap 7.74%

Second Best

Apartment 5plus

$543.4K

$475.5K – $634.0K (±1% cap)

NOI $38,041 @ 7.0% cap · market cap 6.93%

Theoretical Best

Office A

$857.5K

$750.3K – $1.00M (±1% cap)

NOI $60,027 @ 7.0% cap · market cap 10.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Building Supply Pharmacy Furniture & Home Goods Auto Repair Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

Explore this area Business Placement

Demographics for 12065, NY

43,893

Population

19,506

Households

2.3

Avg Household Size

42

Median Age

53%

College-Educated

95%

High-School Grad

35.1 sq mi

ZIP Area

1,251

Density / Sq Mi

$115,681

Median Household Income

$61,692

Median Earnings

$1,419

Median Rent

$356,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two updated three-bedroom units offer separate utilities, walk-out basements, and additional parking on a substantial lot.

Where is this duplex located?

The property is located at 113 Woodin Road Halfmoon, NY.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Two 3‑bedroom, 1.5‑bath units in a 2,865‑square‑foot duplex; Each unit includes a renovated bathroom and updated flooring; Separate utilities and one‑car garage for each unit