Water-View Multifamily
For Sale
$1,200,000
6-8 Wilbur Road, Pleasant Valley, NY 12569
Modernized residential income property with attached townhomes, a separate home, and lake or pond views.
Property Size4,692 SF
Price / SF$255.75
Days on Market1599
Property Features for 6-8 Wilbur Road
General Information
Standard status
Active
Size
4,692 SF
Property subtype
Multi Family
Units
Unit Mix
3 x 1BR townhome, 1 x 1BR single family, 1 x bonus apartment
Multifamily Units
5
Additional Details
Cap Rate
7%
Taxes and HOA fees
Annual Taxes
$14,921
Amenities
No, 9.00, No, Assigned
Finished, Full
Hardwood
1st Floor Bedrm, Balcony, Granite Counters, Hardwood Floors As Seen, Lake/Pond/Stream, Panoramic, Park, Patio, Porch, Water View, Well
4692
2+ Common Walls
Yes
1st Fl Master Bedroom, Granite Counters
Square Feet
Balcony, Hardwood Floors As Seen, 1st Fl Master Bedroom, Granit Countertops, Privacy, Patio, Porch, Open View, Water View, Lake/Pond/Stream
Balcony
Lake/Pond/Stream
No
Advanced Framing Technique, Batts Insulation, Block, Blown-In Insulation, ICFs (Insulated Concrete Forms), Vinyl Siding
Patio, Porch
Balcony, Patio, Porch, Assigned, Park, Part Wooded, Sloped, Near Public Transit, Private
Building Details
Year Built
2011
Listing Agency:
eXp Realty
Listed By:
Anesha Nesbitt · License #10401285703
(888) 276-0630
Source:
Compass
Added: Jun 12, 2022
Changed: Oct 25
Last Checked: Oct 26 at 7:22PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 4,692-square-foot multifamily property, built in 2011, includes three attached one-bedroom townhomes with additional studies that provide flexible room configurations. A separate two-level, one-bedroom home adds an open layout and two full bathrooms, while its finished lower level serves as a guest bed area. One townhome also includes a bonus apartment with 10-foot ceilings.
Interior finishes include granite countertops, custom cabinetry, hardwood floors, ceramic tile, crown molding, and energy-efficient appliances. Large picture windows and sliders open to glass decks with water views. The property also includes balconies, patios, porches, assigned parking, and a part-wooded setting near public transit. Long-term tenants are in place, and the units are described as well-maintained and fully modernized.
Interior finishes include granite countertops, custom cabinetry, hardwood floors, ceramic tile, crown molding, and energy-efficient appliances. Large picture windows and sliders open to glass decks with water views. The property also includes balconies, patios, porches, assigned parking, and a part-wooded setting near public transit. Long-term tenants are in place, and the units are described as well-maintained and fully modernized.
Key Highlights
- 4,692‑square‑foot multifamily property built in 2011
- Three attached one‑bedroom townhomes with three additional studies
- Separate two‑level, one‑bedroom home with two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,608
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,160
$1.6M
Cap Rate 7%
$1,151,543
$1.2M
Cap Rate 9%
$895,644
$895.6K
Market Conditions
NOI Build-Up for 4,692 SF
Gross rent
$154.3K $32.88/SF
− Vacancy
−$7.7K −$1.64/SF
EGI
$146.6K $31.24/SF
− OpEx
−$66.0K −$14.06/SF
NOI
$80.6K $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,160
Cap Rate 7%
$1,151,543
Cap Rate 9%
$895,644
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,608 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,866 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
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Business Placement
Demographics for 12569, NY
10,177
Population
4,266
Households
2.4
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
306
Density / Sq Mi
$113,902
Median Household Income
$57,791
Median Earnings
$1,925
Median Rent
$349,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Modernized residential income property with attached townhomes, a separate home, and lake or pond views.
Where is this multifamily property located?
The property is located at 6-8 Wilbur Road Pleasant Valley, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,692‑square‑foot multifamily property built in 2011; Three attached one‑bedroom townhomes with three additional studies; Separate two‑level, one‑bedroom home with two full bathrooms
