Modern Side-by-Side
New
For Sale
$850,000
123 Eastline Road, Ballston Lake, NY 12019
Two-story units feature private attached garages, full basements, and well-maintained interiors on a private setting.
Property Size4,194 SF
Lot Size2.42 Acres
Price / SF$202.67
Days on Market5
Property Features for 123 Eastline Road
General Information
Standard status
Active
Size
4,194 SF
Total Parking Spaces
4
Lot size
2.42 Acres
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Average Monthly Rent
$3,000
Utilities to Site
Yes
Building Details
Year Built
2020
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Re Max Solutions
Listed By:
Ferdinando Bruno
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 21 at 6:32AM
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 Re Max Solutions
Investment Insights
Based on property information with market context.
Built in 2020, this 4,194-square-foot side-by-side duplex includes two approximately 2,100-square-foot residences. Each two-story unit offers three bedrooms, 2.5 baths, a second-floor primary suite, an attached oversized two-car garage, and a full basement with an egress window. The interiors are well maintained and include multiple upgrades and additional features.
The property occupies 2.42 acres at 123 Eastline Rd in Ballston Lake, with access provided by a long, partially shared driveway. Public utilities serve the property, while the landlord handles grounds maintenance, shared-driveway upkeep, and snow removal. One unit is occupied month to month, and the other is leased through Oct 2026. The property is located within the Shenendehowa school district.
The property occupies 2.42 acres at 123 Eastline Rd in Ballston Lake, with access provided by a long, partially shared driveway. Public utilities serve the property, while the landlord handles grounds maintenance, shared-driveway upkeep, and snow removal. One unit is occupied month to month, and the other is leased through Oct 2026. The property is located within the Shenendehowa school district.
Key Highlights
- 4,194‑square‑foot duplex built in 2020
- Two approximately 2,100 SF units, each with 3 bedrooms and 2.5 baths
- Each residence includes an oversized two‑car attached garage
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
$62,242
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
7.32%
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%
$1,244,840
$1.2M
Cap Rate 7%
$889,171
$889.2K
Cap Rate 9%
$691,578
$691.6K
Market Conditions
NOI Build-Up for 4,194 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
$93.1K $22.20/SF
− Vacancy
−$4.2K −$1.00/SF
EGI
$88.9K $21.20/SF
− OpEx
−$26.7K −$6.36/SF
NOI
$62.2K $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%
$1,244,840
Cap Rate 7%
$889,171
Cap Rate 9%
$691,578
Alternative Uses
Best Use
Multifamily LT 5
$889.2K
$778.0K – $1.04M
NOI $62,242 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,687 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,873 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 12019, NY
15,826
Population
6,911
Households
2.3
Avg Household Size
45
Median Age
54%
College-Educated
97%
High-School Grad
28.5 sq mi
ZIP Area
555
Density / Sq Mi
$116,329
Median Household Income
$63,121
Median Earnings
$1,191
Median Rent
$381,900
Median Home Value
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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?
Duplex - Two-story units feature private attached garages, full basements, and well-maintained interiors on a private setting.
Where is this duplex located?
The property is located at 123 Eastline Road Ballston Lake, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,194‑square‑foot duplex built in 2020; Two approximately 2,100 SF units, each with 3 bedrooms and 2.5 baths; Each residence includes an oversized two‑car attached garage
