Building Details

Year Built 1897

Buildings 1

Stories 2

Listing Agency: Country Boy Realty

Listed By: Christy L Gillespie-Quinn · License #10301214647 Show Phone

Source: Countryboyrealty

Added: Sep 2 Changed: Oct 5 Last Checked: Oct 7 at 4:58PM

Report an Issue

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 Country Boy Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-family duplex contains a two-bedroom apartment on the first floor and a one-bedroom apartment above it. Each level includes a full bathroom, while hardwood floors add a defined interior feature. Some utilities are separate. Exterior amenities include a covered front porch, rear deck, backyard, garage, and off-street parking. Built in 1897, the property combines a traditional residential structure with a two-apartment layout.

The home is situated on France Ln in Cobleskill, on a side street within the village. Village amenities and SUNY Cobleskill are identified as convenient to the property, providing an established local setting for both apartments.

Key Highlights

• Two‑family duplex with a 2‑bedroom first‑floor apartment and a 1‑bedroom second‑floor apartment
• Full bathroom located on each level
• Some utilities are separate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,356

Cap Rate

9.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,120 $347.1K

Cap Rate 7%

$247,943 $247.9K

Cap Rate 9%

$192,844 $192.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,524 SF

Gross rent

$26.5K $17.40/SF

− Vacancy

−$1.7K −$1.13/SF

EGI

$24.8K $16.27/SF

− OpEx

−$7.4K −$4.88/SF

NOI

$17.4K $11.39/SF

Area

Schoharie County, NY

Vacancy

6.50%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,120

Cap Rate 7%

$247,943

Cap Rate 9%

$192,844

Alternative Uses

Best Use

Multifamily LT 5

$247.9K

$217.0K – $289.3K (±1% cap)

NOI $17,356 @ 7.0% cap · market cap 9.14%

Second Best

Apartment 5plus

$222.4K

$194.6K – $259.5K (±1% cap)

NOI $15,567 @ 7.0% cap · market cap 8.20%

Theoretical Best

Office A

$402.1K

$351.8K – $469.1K (±1% cap)

NOI $28,145 @ 7.0% cap · market cap 14.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Lease Details

2

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

314

Businesses Nearby

Explore this area Business Placement

Demographics for 12043, NY

7,883

Population

3,292

Households

2.4

Avg Household Size

39

Median Age

28%

College-Educated

94%

High-School Grad

63.6 sq mi

ZIP Area

124

Density / Sq Mi

$73,006

Median Household Income

$33,227

Median Earnings

$853

Median Rent

$171,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two apartments feature full baths, hardwood flooring, and separate outdoor spaces.

Where is this duplex located?

The property is located at 127 France Ln Cobleskill, NY.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: Two‑family duplex with a 2‑bedroom first‑floor apartment and a 1‑bedroom second‑floor apartment; Full bathroom located on each level; Some utilities are separate