Two-Family Residential Income
14 Smith Street Monticello, NY 12701
14 Smith Street, Monticello, NY, 12701
$349,000
Pending
For Sale
$349,000
Pending
Well-maintained two-family home with an updated kitchen and comfortable bedrooms in each unit.
Property Size2,414 SF
Days on Market43
Property Features for 14 Smith Street
General Information
- Standard status
- Pending
- Size
- 2,414 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1951
Listing agency
Keller Williams Hudson Valley
(845) 639-0300
Listed by
Meyer Stoessel · License #10401320890
(845) 639-0300
Source
Compass
Added: Jun 10 Updated: Jul 21 at 3:58AM Checked: Jul 21 at 3:58AM
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 Keller Williams Hudson Valley
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers spacious living areas with a more recently updated kitchen and comfortable bedrooms in each unit.
The property is conveniently located near local amenities in Monticello, New York.
With two separate units, the home provides a straightforward residential income setup suitable for owner-occupants or investors.
The property is conveniently located near local amenities in Monticello, New York.
With two separate units, the home provides a straightforward residential income setup suitable for owner-occupants or investors.
Key Highlights
- Well‑maintained two‑family home
- Updated kitchen and comfortable bedrooms in each unit
- Full basement
Local 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 | $31.0k | $12.84 |
| − Vacancy | −$3.5k | −$1.45 |
| EGI | $27.5k | $11.39 |
| − OpEx | −$8.2k | −$3.42 |
| NOI | $19.2k | $7.97 |
2,414 SF · lease $12.84/SF/yr · vacancy 11.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.9K
$240.6K – $320.8K
NOI $19,245 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$263.3K
$230.4K – $307.2K
NOI $18,429 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$662.1K
$579.4K – $772.5K
NOI $46,349 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with an updated kitchen and comfortable bedrooms in each unit.
Where is this duplex located?
The property is located at 14 Smith Street Monticello, 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: Well‑maintained two‑family home; Updated kitchen and comfortable bedrooms in each unit; Full basement
