Three-Unit Property with Dutch
For Sale
$399,000
16 Main St, East Worcester, NY 12064
Residential Income, East Worcester, NY
Property Size2,200 SF
Lot Size5.56 Acres
Price / SF$181.36
Days on Market33
Property Features for 16 Main St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 8, Bedroom 3, Bedroom 2
Subdivision
Rural
High school district
WORCESTER CENTRAL SCHOOL DISTRICT
Standard status
Active
APN
000000-185.000-0001-024.000
Size
2,200 SF
Lot size
5.56 Acres
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
covered porches
barn
creek
Building Details
Year built
1914
Floors in Building
2
Listing Agency:
BETTER SPACES REALTY
(845) 450-0442
Listed By:
Tammy Silvestri-Putnam · License #10371200424
(518) 312-7334
Added: Sep 9
Changed: Oct 10
Last Checked: Oct 11 at 4:06AM
MLS# 11971907
Copyright © 2026 My State MLS. 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 2,200-square-foot triplex dates to 1914 and contains three distinct living units. One residence has a first-floor bedroom and full bath, plus an upstairs bedroom suite. Another offers a kitchen, vaulted living room, and two bedrooms; the third includes a living room, kitchen, and two bedrooms. Covered porches serve the front and rear of the home.
The 5.56-acre property includes a large Dutch-style barn, a two-car garage with loft, sheds, and other outbuildings. Water is supplied by a drilled well, and the site has a septic system with a new leach field, two cleanouts, and an RV cleanout. A creek runs at the rear of the property.
The 5.56-acre property includes a large Dutch-style barn, a two-car garage with loft, sheds, and other outbuildings. Water is supplied by a drilled well, and the site has a septic system with a new leach field, two cleanouts, and an RV cleanout. A creek runs at the rear of the property.
Key Highlights
- Three‑unit residential property on 5.56 acres
- 2,200 square feet; built in 1914
- Large Dutch‑style barn, two‑car garage with loft, sheds, and additional outbuildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,210
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,200
$384.2K
Cap Rate 7%
$274,429
$274.4K
Cap Rate 9%
$213,444
$213.4K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$29.0K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$27.4K $12.47/SF
− OpEx
−$8.2K −$3.74/SF
NOI
$19.2K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,200
Cap Rate 7%
$274,429
Cap Rate 9%
$213,444
Alternative Uses
Best Use
Multifamily LT 5
$274.4K
$240.1K – $320.2K
NOI $19,210 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,932 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$606.4K
$530.6K – $707.5K
NOI $42,451 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 12064, NY
427
Population
275
Households
1.6
Avg Household Size
53
Median Age
21%
College-Educated
98%
High-School Grad
9.0 sq mi
ZIP Area
47
Density / Sq Mi
$69,792
Median Household Income
$36,250
Median Earnings
$100,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences share covered porches, a two-car garage, and multiple outbuildings on a rural parcel.
Where is this triplex located?
The property is located at 16 Main St East Worcester, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three‑unit residential property on 5.56 acres; 2,200 square feet; built in 1914; Large Dutch‑style barn, two‑car garage with loft, sheds, and additional outbuildings
