Side-by-Side
For Sale
$850,000
Pending
123 Eastline Road, Ballston, NY 12019
Each residence has three bedrooms, an attached garage, and a full basement with an egress window.
Property Size4,194 SF
Lot Size2.42 Acres
Days on Market45
Property Features for 123 Eastline Road
General Information
Standard status
Pending
Size
4,194 SF
Lot size
2.42 Acres
Property subtype
Duplex
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
Tenant in Place
Yes
Building Details
Year Built
2020
Stories
2
Tenancy
Multi
Listing Agency:
Re Max Solutions
(518) 318-3800
Listed By:
Ferdinando Bruno · License #10491208177
(518) 225-3538
Source:
Simplywoodardrealestate
Added: Sep 18
Changed: Nov 1
Last Checked: Nov 1 at 3:33PM
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
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Investment Insights
Based on property information with market context.
Built in 2020, this side-by-side duplex contains two two-story residences of approximately 2,100 SF each. Each has 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 property spans 2.42 acres and is served by public utilities.
One tenancy is month-to-month, while the other is under lease through October 2026. Grounds and the shared driveway, including snow removal, are maintained by the landlord. The property is in the Shenendehowa school district and is accessed by a long, partially shared driveway.
One tenancy is month-to-month, while the other is under lease through October 2026. Grounds and the shared driveway, including snow removal, are maintained by the landlord. The property is in the Shenendehowa school district and is accessed by a long, partially shared driveway.
Key Highlights
- Two side‑by‑side residences, each approximately 2,100 SF
- Built in 2020 on 2.42 acres
- Each unit has 3 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,242
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, an attached garage, and a full basement with an egress window.
Where is this duplex located?
The property is located at 123 Eastline Road Ballston, 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: Two side‑by‑side residences, each approximately 2,100 SF; Built in 2020 on 2.42 acres; Each unit has 3 bedrooms and 2.5 baths
