Rhinebeck Three-Family Investment
For Sale
$719,000
12 S Parsonage Street, Rhinebeck, NY 12572
Rare Rhinebeck three-family rental property, fully occupied with long-term tenants.
Property Size3,444 SF
Price / SF$208.77
Days on Market165
Property Features for 12 S Parsonage Street
General Information
Standard status
Active
Size
3,444 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$12,192
Building Details
Building Size
3,444 SF
Year Built
1946
Listing Agency:
Century 21 Alliance
Listed By:
Robyn Tricinelli · License #10301220572
Source:
Gristmillrealestate
Added: May 1
Changed: Sep 29
Last Checked: Oct 11 at 11:06AM
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 Century 21 Alliance
Investment Insights
Based on property information with market context.
This three-family home is located in the Village of Rhinebeck in a quiet neighborhood with a park directly across the street. The property is fully occupied by long-term tenants, ensuring immediate rental income. Each unit has its own washer and dryer, as well as separate electric meters. Unit 1 is a 1-bedroom ground floor apartment with an extra room. Unit 2 is a 2-bedroom second-floor unit with an updated kitchen. Unit 3 is a two-floor, 2-bedroom unit also with an updated kitchen. The property offers access to Landsman Kill for fishing. The property size is 3,444 square feet. Rhinebeck offers a mix of small-town charm and proximity to larger metropolitan hubs, making it an attractive option for renters. With its well-maintained structure and peaceful surroundings, this property offers the potential for steady returns and long-term growth.
Key Highlights
- Prime Investment Opportunity: Rare three‑family rental property in the Village of Rhinebeck.
- Fully Occupied: Ensures immediate rental income.
- Desirable Location: Close to the Village of Rhinebeck in a quiet neighborhood with a park across the street.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,901
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,020
$1.3M
Cap Rate 7%
$912,871
$912.9K
Cap Rate 9%
$710,011
$710.0K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$96.3K $27.96/SF
− Vacancy
−$5.0K −$1.45/SF
EGI
$91.3K $26.51/SF
− OpEx
−$27.4K −$7.95/SF
NOI
$63.9K $18.55/SF
Area
Dutchess County, NY
Vacancy
5.20%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,020
Cap Rate 7%
$912,871
Cap Rate 9%
$710,011
Alternative Uses
Best Use
Multifamily LT 5
$912.9K
$798.8K – $1.07M
NOI $63,901 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$845.2K
$739.6K – $986.1K
NOI $59,167 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.04M
$907.1K – $1.21M
NOI $72,569 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 12572, NY
9,258
Population
4,785
Households
1.9
Avg Household Size
55
Median Age
51%
College-Educated
95%
High-School Grad
51.0 sq mi
ZIP Area
182
Density / Sq Mi
$96,377
Median Household Income
$59,583
Median Earnings
$1,631
Median Rent
$458,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Rare Rhinebeck three-family rental property, fully occupied with long-term tenants.
Where is this triplex located?
The property is located at 12 S Parsonage Street Rhinebeck, NY.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Prime Investment Opportunity: Rare three‑family rental property in the Village of Rhinebeck.; Fully Occupied: Ensures immediate rental income.; Desirable Location: Close to the Village of Rhinebeck in a quiet neighborhood with a park across the street.
