Two-Unit Duplex with
New
For Sale
$589,900
113 Woodin Road, Halfmoon, NY 12065
Two updated three-bedroom units offer separate utilities, walk-out basements, and additional parking on a substantial lot.
Property Size2,865 SF
Lot Size0.81 Acres
Price / SF$205.90
Days on Market3
Property Features for 113 Woodin Road
General Information
Standard status
Active
Size
2,865 SF
Total Parking Spaces
8
Lot size
0.81 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,657
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Coldwell Banker Prime Properties
(518) 369-3286
Listed By:
Sawsan Salamah
(518) 369-3286
Source:
Capmarkrealty
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 30 at 1:38PM
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.
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 = 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
$42,519
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
7.21%
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%
$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
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
$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 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%
$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
NOI $42,519 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$543.4K
$475.5K – $634.0K
NOI $38,041 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$857.5K
$750.3K – $1.00M
NOI $60,027 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 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 $589,900.
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
