Triplex with Fenced Yard and
For Sale
$329,800
Pending
1374 Helderberg Avenue, Rotterdam, NY 12306
MULTI_FAMILY - Other - Rotterdam, NY
Property Size2,826 SF
Lot Size0.20 Acres
Days on Market64
Property Features for 1374 Helderberg Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3
Parking
6
Parking features
Garage
Basement
Unfinished
Elementary school district
Mohonasen
Middle school district
Mohonasen
High school district
Mohonasen
Directions
Helderberg Ave. At corner of Helderberg/Woodlawn St.
Standard status
Pending
APN
422800 49.17-1-9
Size
2,826 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
10213
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
fenced yard
off-street parking
3-car garage
Building Details
Year built
1938
Number of units
3
Flooring type
Laminate, Carpet
Building materials
Vinyl Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
Gucciardo Real Estate Group LLC
(518) 221-9079
Listed By:
Daniel Grebert · License #10401371037
(518) 441-8225
Added: Jun 9
Changed: Jul 31
Last Checked: Aug 11 at 2:06AM
MLS# 202619139
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Rotterdam triplex offers three separate apartments with slate roofing and vinyl siding. The home includes forced-air natural gas heat and laminate and carpet flooring. Public water and public sewer service are in place, and the property has separate utilities. The layout includes multiple bedrooms and bathrooms across the three units, with Apartment 2 described as vacant and recently renovated.
The property is convenient to I-90 and located within the Mohonasen School District. Outside, there is a large fenced yard, off-street parking, and a 3-car garage. The garage is being sold as-is.
Each unit is described as having its own utility setup, supporting straightforward management for an owner-occupant or investor. Showings for Apartment 3 are preferred after 5PM weekdays or Wednesday during the day, and showings begin Wednesday 6/10.
The property is convenient to I-90 and located within the Mohonasen School District. Outside, there is a large fenced yard, off-street parking, and a 3-car garage. The garage is being sold as-is.
Each unit is described as having its own utility setup, supporting straightforward management for an owner-occupant or investor. Showings for Apartment 3 are preferred after 5PM weekdays or Wednesday during the day, and showings begin Wednesday 6/10.
Key Highlights
- 0.2‑acre lot with a large fenced yard
- 2,826 SF triplex with vinyl siding and slate roof
- Three apartments with separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,340
$577.3K
Cap Rate 7%
$412,386
$412.4K
Cap Rate 9%
$320,744
$320.7K
Market Conditions
NOI Build-Up for 2,826 SF
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.
Gross rent
$56.0K $19.80/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$52.5K $18.57/SF
− OpEx
−$23.6K −$8.36/SF
NOI
$28.9K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,340
Cap Rate 7%
$412,386
Cap Rate 9%
$320,744
Alternative Uses
Best Use
Multifamily LT 5
$459.8K
$402.3K – $536.4K
NOI $32,183 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$412.4K
$360.8K – $481.1K
NOI $28,867 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$845.9K
$740.1K – $986.8K
NOI $59,210 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on a 0.2-acre lot with a large fenced yard, off-street parking, and a 3-car garage.
Where is this triplex located?
The property is located at 1374 Helderberg Avenue Rotterdam, NY.
What is the asking price?
The asking price for this property is $329,800.
What are key features of this property?
This property features: 0.2‑acre lot with a large fenced yard; 2,826 SF triplex with vinyl siding and slate roof; Three apartments with separate utilities
