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    Legal Two-Family Property For Sale Title is generated by Realmo AI

    186 Cty Rte 411, Greenville, NY 12193

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    New
    For Sale
    $575,000

    MULTI_FAMILY - Other - Greenville, NY

    Property size:
    3,746 SF
    Lot size:
    5.50 Acres
    Price / SF:
    $153/SF
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 2:06 pm

    Property Features for 186 Cty Rte 411

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 4
    Parking
    2
    Parking features
    Garage, Driveway
    Patio and Porch features
    Deck, Porch, Patio
    Exterior features
    Garden
    Fireplace
    1
    Basement
    Unfinished
    Standard status
    Active
    APN
    013800 176.-2-2
    Size
    3,746 SF
    Lot size
    5.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    14167

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air, Ductless (Heating), Propane (Heating)
    Cooling system
    Central Air, Ductless
    Water source
    Well

    Building Details

    Year built
    1850
    Number of units
    2
    Flooring type
    Tile, Hardwood
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Theresa M Donlon
    Theresa M Donlon

    Listing agent Theresa M Donlon License #10301218544

    Listing office Venture Fox Realty Group LLC 2390 Western Ave, Guilderland, NY

    Listing date May 22, 2026

    MLS# 202617831 Listing URL

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Legal 2‑family property offering dual rental income potential.
    • Located near skiing, golf, hiking, farm‑to‑table dining, Albany, Hudson, Windham, and Saugerties, with scenic mountain views.
    • Outbuildings provide potential for artist studio, yoga space, or workshop.
    • Features spacious bedrooms, a primary suite, enclosed sunrooms, and ample storage.
    • Includes a wood‑burning fireplace, central air, and mini‑splits for year‑round comfort.
    • Located in the Greenville School District, which offers the International Baccalaureate Program.

    Overview

    This legal two-family property presents dual rental income opportunities and is suited for investors. The location experiences strong demand for both short-term and long-term rentals due to its proximity to skiing, golf, hiking, and farm-to-table dining. The property includes ample storage, a full walk-up attic, brand-new stainless steel appliances, and laundry hookups. Located approximately two hours from NYC, it is positioned to attract a weekend rental audience. Outbuildings on the 5.5-acre lot offer potential for an artist studio, yoga space, workshop, or other creative use. The legal two-family configuration provides flexibility for live/work needs. The property is conveniently located near Albany, Hudson, Windham, and Saugerties. Scenic mountain views and access to outdoor recreation enhance its short-term rental appeal. The two fully equipped living units offer versatile options for those seeking separate living spaces or adaptable layouts. Spacious bedrooms, a primary suite, and enclosed sunrooms provide comfort and privacy. The expansive living room features a wood-burning fireplace, and central air and mini-splits ensure year-round comfort. Located in the Greenville School District, which offers the International Baccalaureate Program. The property has 3,746 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Greenville
    County
    Greene
    State
    New York
    Longitude
    -73.988066
    Latitude
    42.450354

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    FAQs

    What type of property is this?
    Duplex - Dual rental income potential near skiing, golf, hiking, dining.
    Where is this duplex located?
    The property is located at 186 Cty Rte 411 Greenville, NY.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Legal 2‑family property offering dual rental income potential.; Located near skiing, golf, hiking, farm‑to‑table dining, Albany, Hudson, Windham, and Saugerties, with scenic mountain views.; Outbuildings provide potential for artist studio, yoga space, or workshop.
    (518) 819-9578
    We can help!
    Listing Contact
    Theresa M Donlon
    Theresa M Donlon
    Real Estate License ID: 10301218544
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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