Historic Brick
New
For Sale
$535,000
Pending
16 Elizabeth St, Port Jervis, NY 12771
Victorian-era property combines an owner’s residence, two legal units, updated roofing, and landscaped outdoor space.
Property Size3,430 SF
Days on Market4
Property Features for 16 Elizabeth St
General Information
Standard status
Pending
Size
3,430 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,303
Building Details
Building Size
3,430 SF
Year Built
1880
Buildings
1
Units
3
Construction
brick Victorian
Listing Agency:
RE/MAX BENCHMARK REALTY GROUP
(914) 443-7622
Listed By:
Dominick J Tufano · License #10301201924
(914) 443-7622
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 4:35AM
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 BENCHMARK REALTY GROUP
Investment Insights
Based on property information with market context.
Built in 1880, this brick Victorian triplex includes a primary residence and two legal units that support flexible occupancy, rental use, guest accommodations, or private workspace. The owner’s residence offers an entry hall, living room, formal dining room, coffee conservatory, eat-in kitchen, mudroom, three bedrooms, a home office, and two full baths. Original hardwood floors, stained-glass windows, decorative millwork, wainscoting, and three cedar closets add period character, while stainless steel appliances and butcher block counters contribute practical functionality.
Recent exterior work includes a 2025 Brava synthetic slate roof with copper detailing, replacement of all flat roofs in 2024, and Leaf Gutter systems installed in 2023. The grounds include a fenced garden with established plantings, including fig and hydrangea trees, David Austin roses, lavender, and other perennials. An additional 0.35 acres of lawn and mature trees associated with historic Drew Field are included. The property is located at 16 Elizabeth St in Port Jervis, NY.
Recent exterior work includes a 2025 Brava synthetic slate roof with copper detailing, replacement of all flat roofs in 2024, and Leaf Gutter systems installed in 2023. The grounds include a fenced garden with established plantings, including fig and hydrangea trees, David Austin roses, lavender, and other perennials. An additional 0.35 acres of lawn and mature trees associated with historic Drew Field are included. The property is located at 16 Elizabeth St in Port Jervis, NY.
Key Highlights
- Triplex configuration with an owner’s residence and two legal units
- Built in 1880 with brick construction and preserved Victorian detailing
- 2025 Brava synthetic slate roof with copper rakes, valleys, drip edges, and custom accents
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 | $44.0k | $12.84 |
| − Vacancy | −$5.0k | −$1.45 |
| EGI | $39.1k | $11.39 |
| − OpEx | −$11.7k | −$3.42 |
| NOI | $27.3k | $7.97 |
3,430 SF · lease $12.84/SF/yr · vacancy 11.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.6K
$341.8K – $455.8K
NOI $27,345 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$374.1K
$327.3K – $436.4K
NOI $26,185 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$940.8K
$823.2K – $1.10M
NOI $65,856 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Victorian-era property combines an owner’s residence, two legal units, updated roofing, and landscaped outdoor space.
Where is this triplex located?
The property is located at 16 Elizabeth St Port Jervis, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Triplex configuration with an owner’s residence and two legal units; Built in 1880 with brick construction and preserved Victorian detailing; 2025 Brava synthetic slate roof with copper rakes, valleys, drip edges, and custom accents
