Turn-Key Estate with Rental
For Sale
$2,300,000
18 Stagecoach Ln, Amenia, NY 12501
Georgian estate with cottages, renovated for vacation rentals.
Property Size7,076 SF
Lot Size4.30 Acres
Days on Market150
Property Features for 18 Stagecoach Ln
General Information
Standard status
Active
Size
7,076 SF
Lot size
4.30 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$18,975
Building Details
Building Size
7,076 SF
Year Built
1920
Units
4
Listing Agency:
KELLER WILLIAMS REALTY PARTNER
(914) 450-1185
Listed By:
Dominick DiFilippo
(914) 450-1185
Source:
Elliman
Added: Mar 24
Changed: Aug 9
Last Checked: Aug 20 at 10:37AM
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 REALTY PARTNER
Investment Insights
Based on property information with market context.
This 1790 Georgian-style estate presents a turn-key investment opportunity with a nine-year history of profitable short-term rentals. The property includes three standalone cottages, all fully renovated and operating as highly sought-after vacation rentals. The estate's commercial zoning allows for potential future conversion into a boutique hotel or resort. The elegant main residence features wide plank hardwood floors, high ceilings, a library, music room, billiard room, and wine cellar. The manicured grounds include a heated pool, putting green, walking trails, and a serene pond. The property is currently fully booked and generates significant revenue, even after accounting for full-service cleaning and lawn maintenance. Potential business uses include living in the main home and renting out the three cottages, leasing all four residences, or exploring a larger-scale hospitality concept. The property is located minutes from local hiking, dining, and the Berkshires.
Key Highlights
- Proven short‑term rental business: Turnkey investment with 9 years of profitable rental history.
- Multiple income streams: Includes a main residence and three fully renovated, standalone rental cottages.
- Commercial zoning & expansion potential: Zoned for commercial use, allowing for future development.
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
$121,564
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
5.29%
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%
$2,431,280
$2.4M
Cap Rate 7%
$1,736,629
$1.7M
Cap Rate 9%
$1,350,711
$1.4M
Market Conditions
NOI Build-Up for 7,076 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
$232.7K $32.88/SF
− Vacancy
−$11.6K −$1.64/SF
EGI
$221.0K $31.24/SF
− OpEx
−$99.5K −$14.06/SF
NOI
$121.6K $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 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%
$2,431,280
Cap Rate 7%
$1,736,629
Cap Rate 9%
$1,350,711
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,564 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,100 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 12501, NY
2,125
Population
1,062
Households
2
Avg Household Size
47
Median Age
38%
College-Educated
90%
High-School Grad
32.4 sq mi
ZIP Area
66
Density / Sq Mi
$78,716
Median Household Income
$39,420
Median Earnings
$1,295
Median Rent
$305,600
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?
Short term rental property - Georgian estate with cottages, renovated for vacation rentals.
Where is this short term rental property located?
The property is located at 18 Stagecoach Ln Amenia, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Proven short‑term rental business: Turnkey investment with 9 years of profitable rental history.; Multiple income streams: Includes a main residence and three fully renovated, standalone rental cottages.; Commercial zoning & expansion potential: Zoned for commercial use, allowing for future development.
