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Rhinebeck Three-Family Investment Opportunity

12 S Parsonage Street Rhinebeck, NY 12572

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Rare Rhinebeck three-family rental property, fully occupied with long-term tenants.

Type:Multifamily
Property size:
3,444 SF
Price / SF:
$208.77/SF
Added:
May 1, 2026
Days on Market:
75
Last Refresh:
Jun 27 at 9:06 am

Property Features for 12 S Parsonage Street

General Information

Standard status
Active
Size
3,444 SF
Property subtype
Multifamily

Building Details

Year Built
1946

Listing office Century 21 Alliance

Listing date May 1, 2026

Source Crexi

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $96.3k $27.96
− Vacancy −$5.0k −$1.45
EGI $91.3k $26.51
− OpEx −$27.4k −$7.95
NOI $63.9k $18.55
3,444 SF · lease $27.96/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$912.9K
$798.8K – $1.07M (±1% cap)
NOI $63,901 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$845.2K
$739.6K – $986.1K (±1% cap)
NOI $59,167 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.04M
$907.1K – $1.21M (±1% cap)
NOI $72,569 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Garden Center HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Building Supply

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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