Renovated Three-Unit Multifamily
For Sale
$349,000
Pending
14 Burdick Avenue, Warrensburg, NY 12885
Three-unit property with two renovated residences, a new roof, and public water and sewer.
Property Size2,468 SF
Lot Size1.14 Acres
Days on Market120
Property Features for 14 Burdick Avenue
General Information
Standard status
Pending
Size
2,468 SF
Total Parking Spaces
6
Lot size
1.14 Acres
Property subtype
Multi Family / Triplex
Zoning
Mixed
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,249
Amenities
Shingle
Oil, Yes
Other
Vinyl, Carpet
No
Cathedral Ceiling(s)
Wood Siding
Garden
Porch, Deck, Enclosed
Building Details
Year Built
1900
Listing Agency:
Cameron & Associates Real Esta
(518) 232-0014
Listed By:
Wendy Davis · License #10401218561
(518) 232-0014
Source:
Compass
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 5:29PM
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 Cameron & Associates Real Esta
Investment Insights
Based on property information with market context.
This three-unit property includes 2,468 square feet across a 1900-built structure, with two of the units renovated and a new roof in place. Interior details include wood siding, vinyl and carpet flooring, and cathedral ceilings. Exterior features include a garden, porch, deck, and enclosed outdoor space.
The sale includes the adjoining lot, creating a combined 1.14-acre property with Mixed zoning. Public water and sewer serve the property. Its location at 14 Burdick Avenue places it within walking distance of Warrensburg amenities, while the three-unit configuration provides an existing multifamily layout.
The sale includes the adjoining lot, creating a combined 1.14-acre property with Mixed zoning. Public water and sewer serve the property. Its location at 14 Burdick Avenue places it within walking distance of Warrensburg amenities, while the three-unit configuration provides an existing multifamily layout.
Key Highlights
- Three‑unit property with 2,468 square feet
- Two of the three units have been renovated
- New roof
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
$22,558
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
6.46%
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%
$451,160
$451.2K
Cap Rate 7%
$322,257
$322.3K
Cap Rate 9%
$250,644
$250.6K
Market Conditions
NOI Build-Up for 2,468 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
$34.7K $14.04/SF
− Vacancy
−$2.4K −$0.98/SF
EGI
$32.2K $13.06/SF
− OpEx
−$9.7K −$3.92/SF
NOI
$22.6K $9.14/SF
Area
Warren County, NY
Vacancy
7.00%
Lease Rate
$14.04 /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%
$451,160
Cap Rate 7%
$322,257
Cap Rate 9%
$250,644
Alternative Uses
Best Use
Multifamily LT 5
$322.3K
$282.0K – $376.0K
NOI $22,558 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$294.0K
$257.3K – $343.0K
NOI $20,581 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 12885, NY
4,371
Population
2,724
Households
1.6
Avg Household Size
46
Median Age
17%
College-Educated
84%
High-School Grad
80.3 sq mi
ZIP Area
54
Density / Sq Mi
$65,454
Median Household Income
$49,245
Median Earnings
$1,042
Median Rent
$149,000
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 - Three-unit property with two renovated residences, a new roof, and public water and sewer.
Where is this triplex located?
The property is located at 14 Burdick Avenue Warrensburg, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Three‑unit property with 2,468 square feet; Two of the three units have been renovated; New roof
