Duplex with Separate Post Office
For Sale
$249,000
Pending
1375 Dimmick Mountain Road, Denver, NY 12455
MULTI_FAMILY - Denver, NY
Property Size1,200 SF
Lot Size5.29 Acres
Days on Market131
Property Features for 1375 Dimmick Mountain Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Security features
Security
Exterior features
PropaneTankLeased
Appliances
ElectricWaterHeater
Lot features
Corner Lot, Irregular Lot, Rural Lot
Elementary school district
Roxbury
Middle school district
Roxbury
High school district
Roxbury
Directions
From corner of Bridge and Main Street Margaretville go north on Rt 30 for 3.7 miles. Turn right on Denver-Vega Rd, go 2.9 miles to corner of Dimmick Mtn Rd, turn right 50 ft, driveway on right.
Subdivision
Middletown-124689
Standard status
Pending
APN
243-1-54.5
Size
1,200 SF
Lot size
5.29 Acres
Taxes and HOA fees
Tax Annual Amount
4200
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Propane (Heating)
Cooling system
Wall Unit(s)
Water source
Well
Water front features
River Access, Stream
Building Details
Year built
1998
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Tile
Building materials
Frame
Roof type
Asphalt, Shingle
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(845) 586-6220
Listed By:
Pamela Jean Orr · License #30OR0766776
(845) 853-3255
Added: Apr 4
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# R1671156
Copyright © 2026 New York State Alliance of MLSs, LLC. 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.
Duplex with mixed-use configuration on 5.29 acres at 1375 Dimmick Mountain Road in Denver, NY 12455. The 1,200 sq ft building includes a separate door with stairs leading to the second floor and an additional 600 sq ft of unfinished space that can be finished for personal use or as an additional rental. The owner installed a new roof on the building in 2024.
The property includes a post office tenant area with a 4,000 sq ft paved parking area. The current rental for the post office expires 7/1/28, with two 5-year options, each including a 10% escalation clause. Water is provided by a well, and the property uses a septic tank. Heating is propane forced air, with wall unit cooling. A propane tank is listed as leased.
A stream (Bataviakill) runs through the property, alongside a mowed meadow with a gently sloping area toward the back. The building is framed and was built in 1998, with asphalt/shingle roofing and interior finishes noted as varying with vinyl and tile flooring.
The property includes a post office tenant area with a 4,000 sq ft paved parking area. The current rental for the post office expires 7/1/28, with two 5-year options, each including a 10% escalation clause. Water is provided by a well, and the property uses a septic tank. Heating is propane forced air, with wall unit cooling. A propane tank is listed as leased.
A stream (Bataviakill) runs through the property, alongside a mowed meadow with a gently sloping area toward the back. The building is framed and was built in 1998, with asphalt/shingle roofing and interior finishes noted as varying with vinyl and tile flooring.
Key Highlights
- Mixed‑use duplex on 5.29 acres in Denver, NY
- 1,200 sq ft building plus 600 sq ft unfinished second‑floor space
- Post office rental expires 7/1/28 with two 5‑year options and 10% escalation
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
$13,918
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
5.59%
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%
$278,360
$278.4K
Cap Rate 7%
$198,829
$198.8K
Cap Rate 9%
$154,644
$154.6K
Market Conditions
NOI Build-Up for 1,200 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
$23.0K $19.20/SF
− Vacancy
−$3.2K −$2.63/SF
EGI
$19.9K $16.57/SF
− OpEx
−$6.0K −$4.97/SF
NOI
$13.9K $11.60/SF
Area
Delaware County, NY
Vacancy
13.70%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
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%
$278,360
Cap Rate 7%
$198,829
Cap Rate 9%
$154,644
Alternative Uses
Best Use
Multifamily LT 5
$198.8K
$174.0K – $232.0K
NOI $13,918 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$182.0K
$159.2K – $212.3K
NOI $12,737 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 12455, NY
1,820
Population
1,697
Households
1.1
Avg Household Size
56
Median Age
27%
College-Educated
91%
High-School Grad
71.3 sq mi
ZIP Area
26
Density / Sq Mi
$74,271
Median Household Income
$34,531
Median Earnings
$1,297
Median Rent
$219,600
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?
Duplex - Duplex with separate entry stairs, post office rental on site, and unfinished space that can be finished for added use.
Where is this duplex located?
The property is located at 1375 Dimmick Mountain Road Denver, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Mixed‑use duplex on 5.29 acres in Denver, NY; 1,200 sq ft building plus 600 sq ft unfinished second‑floor space; Post office rental expires 7/1/28 with two 5‑year options and 10% escalation
