Income-Generating Duplex with Large
97 Library Avenue Warrensburg, NY 12885
97 Library Avenue, Warrensburg, NY, 12885
$147,500
For Sale
$147,500
Income-producing duplex on a 1.43-acre lot, offering flexibility to rent or live in one unit.
Property Size800 SF
Lot Size1.43 Acres
Price / SF$184.38
Days on Market642
Property Features for 97 Library Avenue
General Information
- Standard status
- Active
- Size
- 800 SF
- Lot size
- 1.43 Acres
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
Wendy Davis Real Estate
(518) 232-0014
Listed by
Wendy Davis · License #10371201970
(518) 232-0014
Source
Compass
Added: Oct 18, 2024 Updated: Jul 20 at 6:00PM Checked: Jul 20 at 6:00PM
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 Wendy Davis Real Estate
Investment Insights
Based on property information with market context.
Located at 97 Library Avenue, this income-producing duplex sits on 1.43 acres. The property is configured as a duplex, providing the option to rent the units or occupy the home while keeping income in place.
The seller’s remarks note that the large lot supports possibilities beyond the existing duplex, including the ability to live in the property while planning for a future home or additional homes on the same parcel.
For buyers seeking a residential income property with room to think long-term, this duplex on a substantial lot offers straightforward versatility with the existing rental component.
The seller’s remarks note that the large lot supports possibilities beyond the existing duplex, including the ability to live in the property while planning for a future home or additional homes on the same parcel.
For buyers seeking a residential income property with room to think long-term, this duplex on a substantial lot offers straightforward versatility with the existing rental component.
Key Highlights
- Income‑producing duplex on 1.43 acres with flexibility to rent or live in one unit
- Year built 1930
- Metal roof
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 | $11.2k | $14.04 |
| − Vacancy | −$786 | −$0.98 |
| EGI | $10.4k | $13.06 |
| − OpEx | −$3.1k | −$3.92 |
| NOI | $7.3k | $9.14 |
800 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$104.5K
$91.4K – $121.9K
NOI $7,312 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$95.3K
$83.4K – $111.2K
NOI $6,671 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$239.5K
$209.5K – $279.4K
NOI $16,762 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Income-producing duplex on a 1.43-acre lot, offering flexibility to rent or live in one unit.
Where is this duplex located?
The property is located at 97 Library Avenue Warrensburg, NY.
What is the asking price?
The asking price for this property is $147,500.
What are key features of this property?
This property features: Income‑producing duplex on 1.43 acres with flexibility to rent or live in one unit; Year built 1930; Metal roof
