Building Details

Year Built 1850

Buildings 1

Listing Agency: Grey Arrow Realty, Inc. a***@gmail.com Show Phone

Listed By: Amanda Kingsbury

Source: Xome

Added: Apr 9 Changed: Aug 30 Last Checked: Aug 31 at 2:11PM

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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 Grey Arrow Realty, Inc.

Investment Insights

Based on property information with market context.

This duplex contains 2,028 square feet across two connected living areas. The larger side is a two-story layout with three bedrooms, two bathrooms, a kitchen, living room, and laundry area. The second unit offers one bedroom, a full bathroom, kitchen, laundry space, and an open living area. The property includes a covered rear porch and a large storage shed.

Set on a corner lot measuring 188X130, the home has parking areas on both sides for convenient access. The one-bedroom unit is occupied by long-term tenants, while the larger side provides additional residential space. The property is located near the public boat launch in Chaumont.

Key Highlights

• Duplex configuration with 2,028 square feet
• Larger unit includes 3 bedrooms and a two‑story layout
• Separate 1‑bedroom unit has a kitchen, bath, laundry space, and open living area

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

$16,697

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

6.68%

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%

$333,940 $333.9K

Cap Rate 7%

$238,529 $238.5K

Cap Rate 9%

$185,522 $185.5K

Market Conditions

NOI Build-Up for 2,028 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

$25.6K $12.60/SF

− Vacancy

−$1.7K −$0.84/SF

EGI

$23.9K $11.76/SF

− OpEx

−$7.2K −$3.53/SF

NOI

$16.7K $8.23/SF

Area

Jefferson County, NY

Vacancy

6.65%

Lease Rate

$12.60 /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%

$333,940

Cap Rate 7%

$238,529

Cap Rate 9%

$185,522

Alternative Uses

Best Use

Multifamily LT 5

$238.5K

$208.7K – $278.3K (±1% cap)

NOI $16,697 @ 7.0% cap · market cap 6.68%

Second Best

Apartment 5plus

$213.4K

$186.7K – $249.0K (±1% cap)

NOI $14,937 @ 7.0% cap · market cap 5.97%

Theoretical Best

Office A

$559.0K

$489.2K – $652.2K (±1% cap)

NOI $39,132 @ 7.0% cap · market cap 15.65%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop Big Box & Wholesale Store Grocery & Convenience Store (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

86

Businesses Nearby

Explore this area Business Placement

Demographics for 13622, NY

2,182

Population

1,335

Households

1.6

Avg Household Size

48

Median Age

30%

College-Educated

95%

High-School Grad

52.9 sq mi

ZIP Area

41

Density / Sq Mi

$78,136

Median Household Income

$39,934

Median Earnings

$1,011

Median Rent

$226,100

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

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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 distinct living areas provide separate kitchens, bathrooms, laundry spaces, and flexible residential use.

Where is this duplex located?

The property is located at 11757 STATE ROUTE 12E Chaumont, NY.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Duplex configuration with 2,028 square feet; Larger unit includes 3 bedrooms and a two‑story layout; Separate 1‑bedroom unit has a kitchen, bath, laundry space, and open living area