4-Unit Multifamily
For Sale
$589,000
1614 Route 9g, Hyde Park, NY 12538
Two separate dwellings include a detached cottage and a main building with three apartments.
Property Size1,579 SF
Lot Size2.50 Acres
Price / SF$373.02
Days on Market82
Property Features for 1614 Route 9g
General Information
Standard status
Active
Size
1,579 SF
Total Parking Spaces
8
Lot size
2.50 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR with loft, 1 x 2BR, 1 x 2BR/1BA
Multifamily Units
4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,870
Amenities
First Floor Bedroom
Built-in Features
Eat-in Kitchen
Entrance Foyer
Open Floorplan
Open Kitchen
Walk-In Closet(s)
Lighting
Mailbox
Building Details
Building Size
1,579 SF
Year Built
1956
Buildings
2
Units
4
Listing Agency:
K. Fortuna Realty, Inc.
(845) 632-3492
Listed By:
Patricia J. Hohmann
(845) 849-5066
Source:
Gillianstewart
Added: Aug 4
Changed: Oct 23
Last Checked: Oct 23 at 3:50PM
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 K. Fortuna Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 2.5 acres, this 1,579 SF multifamily property comprises two separate dwellings and four units. The main building contains two one-bedroom apartments with sleeping lofts and a two-bedroom apartment. A detached, single-level cottage adds two bedrooms, one bathroom, and an open-concept layout.
Recent work includes new roofs, a replacement HVAC system and water filtration system in the cottage, and a new furnace in the main building. The property fronts Route 9G near North Park Elementary, with access to historic downtown Hyde Park and Rhinebeck center.
Recent work includes new roofs, a replacement HVAC system and water filtration system in the cottage, and a new furnace in the main building. The property fronts Route 9G near North Park Elementary, with access to historic downtown Hyde Park and Rhinebeck center.
Key Highlights
- Four units across two separate dwellings on 2.5 acres
- Main building includes two one‑bedroom units with sleeping lofts and one two‑bedroom unit
- Detached cottage has two bedrooms, one bathroom, and a single‑level open‑concept layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,127
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,540
$542.5K
Cap Rate 7%
$387,529
$387.5K
Cap Rate 9%
$301,411
$301.4K
Market Conditions
NOI Build-Up for 1,579 SF
Gross rent
$51.9K $32.88/SF
− Vacancy
−$2.6K −$1.64/SF
EGI
$49.3K $31.24/SF
− OpEx
−$22.2K −$14.06/SF
NOI
$27.1K $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,540
Cap Rate 7%
$387,529
Cap Rate 9%
$301,411
Alternative Uses
Best Use
Apartment 5plus
$387.5K
$339.1K – $452.1K
NOI $27,127 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$475.3K
$415.9K – $554.5K
NOI $33,271 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 12538, NY
14,181
Population
5,609
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
556
Density / Sq Mi
$86,641
Median Household Income
$44,926
Median Earnings
$1,190
Median Rent
$287,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate dwellings include a detached cottage and a main building with three apartments.
Where is this multifamily property located?
The property is located at 1614 Route 9g Hyde Park, NY.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Four units across two separate dwellings on 2.5 acres; Main building includes two one‑bedroom units with sleeping lofts and one two‑bedroom unit; Detached cottage has two bedrooms, one bathroom, and a single‑level open‑concept layout
