3-Unit Triplex with Lake
For Sale
$449,000
12093 County Route 125, Chaumont, NY 13622
MULTI_FAMILY - Chaumont, NY
Property Size1,832 SF
Lot Size0.20 Acres
Price / SF$245.09
Days on Market49
Property Features for 12093 County Route 125
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 1
Appliances
ElectricWaterHeater
Lot features
Rectangular, Rectangular Lot, Rural Lot
Elementary school district
Lyme
Middle school district
Lyme
High school district
Lyme
Subdivision
Chaumont-Village-224401
Standard status
Active
APN
224401-061-051-0001-053-000
Size
1,832 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
5661
Utilities
Heating system
Propane (Heating), Baseboard
Water source
Public
Water front features
Lake
Water front
1
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Flooring type
Carpet, Varies, Laminate
Building materials
VinylSiding
Listing Agency:
Bridgeview Real Estate
(315) 782-9292
Listed By:
Kirk Gilchrist · License #10401317321
(315) 782-9292
Added: Jul 9
Changed: Aug 4
Last Checked: Aug 26 at 1:06PM
MLS# S1697161
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-unit triplex offers lakefront living and an income-focused setup. The property includes 1,832 SF of residential space, with vinyl siding and a mix of flooring types. Heating is provided by baseboard systems with propane heat, and the home has an electric water heater. The layout includes three bedrooms and three bathrooms across the units, plus a basement.
The site is listed at 0.2 acres and features lake waterfront. In addition to the triplex, there are up to 25 boat slips described as rentable, which may support an additional revenue stream. Public water is available for the property.
Built in 1890, this is a small, waterfront-oriented asset for a buyer looking for a multi-unit property with on-site water-related amenities.
The site is listed at 0.2 acres and features lake waterfront. In addition to the triplex, there are up to 25 boat slips described as rentable, which may support an additional revenue stream. Public water is available for the property.
Built in 1890, this is a small, waterfront-oriented asset for a buyer looking for a multi-unit property with on-site water-related amenities.
Key Highlights
- 3‑unit triplex with lake waterfront
- Up to 25 boat slips described as rentable
- 0.2‑acre property on the lake
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
$15,084
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
3.36%
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%
$301,680
$301.7K
Cap Rate 7%
$215,486
$215.5K
Cap Rate 9%
$167,600
$167.6K
Market Conditions
NOI Build-Up for 1,832 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
$23.1K $12.60/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$21.5K $11.76/SF
− OpEx
−$6.5K −$3.53/SF
NOI
$15.1K $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%
$301,680
Cap Rate 7%
$215,486
Cap Rate 9%
$167,600
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.4K
NOI $15,084 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$192.8K
$168.7K – $224.9K
NOI $13,494 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$505.0K
$441.9K – $589.2K
NOI $35,350 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex on lakefront with public water, propane baseboard heat, and up to 25 rentable boat slips.
Where is this triplex located?
The property is located at 12093 County Route 125 Chaumont, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3‑unit triplex with lake waterfront; Up to 25 boat slips described as rentable; 0.2‑acre property on the lake
