Two-Unit Duplex with Separate
For Sale
$375,000
Pending
18 W Market Street, Hyde Park, NY 12538
Residential Income, Hyde Park, NY
Property Size1,700 SF
Lot Size0.30 Acres
Days on Market95
Property Features for 18 W Market Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 2
Parking
5
Parking features
Garage, Driveway
Interior features
Washer/Dryer Hookup
Basement
Partial
Elementary school
North Park Elementary School
Middle school
Haviland Middle School
High school
Franklin D Roosevelt Senior High School
Elementary school district
Hyde Park
Middle school district
Hyde Park
High school district
Hyde Park
Standard status
Pending
APN
133200-6065-16-775275-0000
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7101
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1831
Number of units
2
Flooring type
Hardwood
Building materials
Frame, Vinyl Siding
Architectural style
Colonial, Victorian
Listing Agency:
KW MidHudson · Keller Williams Realty
(914) 962-0007
Listed By:
David Longbard · License #10401309591
(845) 234-8823
Added: May 21
Changed: Aug 20
Last Checked: Aug 23 at 1:06AM
MLS# 1002839
Copyright © 2026 OneKey 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 two-unit duplex contains more than 1,700 square feet of living space, with four bedrooms, two full bathrooms, and a kitchen serving each residence. The lower-level home includes two bedrooms, a den, hardwood floors, and an eat-in kitchen with updated finishes and new appliances. The upper residence has its own entry, two bedrooms, a full bathroom, and a separate kitchen. Washer and dryer hookups are provided, with baseboard heating fueled by natural gas.
The property occupies 0.3 acres in Hyde Park within the Hyde Park Central School District. Local shops, restaurants, parks, and commuter routes are nearby. The site has public water and a septic system, along with a garage and driveway. Frame construction with vinyl siding combines with Colonial and Victorian architectural elements, and the home dates to 1831.
The property occupies 0.3 acres in Hyde Park within the Hyde Park Central School District. Local shops, restaurants, parks, and commuter routes are nearby. The site has public water and a septic system, along with a garage and driveway. Frame construction with vinyl siding combines with Colonial and Victorian architectural elements, and the home dates to 1831.
Key Highlights
- Two‑unit duplex with separate entrances and two kitchens
- More than 1,700 square feet with 4 bedrooms and 2 full bathrooms
- First‑floor residence includes a den, hardwood flooring, and updated eat‑in kitchen
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
$31,542
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
8.41%
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%
$630,840
$630.8K
Cap Rate 7%
$450,600
$450.6K
Cap Rate 9%
$350,467
$350.5K
Market Conditions
NOI Build-Up for 1,700 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
$47.5K $27.96/SF
− Vacancy
−$2.5K −$1.45/SF
EGI
$45.1K $26.51/SF
− OpEx
−$13.5K −$7.95/SF
NOI
$31.5K $18.55/SF
Area
Dutchess County, NY
Vacancy
5.20%
Lease Rate
$27.96 /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%
$630,840
Cap Rate 7%
$450,600
Cap Rate 9%
$350,467
Alternative Uses
Best Use
Multifamily LT 5
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$417.2K
$365.1K – $486.8K
NOI $29,206 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$511.7K
$447.8K – $597.0K
NOI $35,821 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
265
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens and distinct living areas support flexible occupancy.
Where is this duplex located?
The property is located at 18 W Market Street Hyde Park, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with separate entrances and two kitchens; More than 1,700 square feet with 4 bedrooms and 2 full bathrooms; First‑floor residence includes a den, hardwood flooring, and updated eat‑in kitchen
