Two-Unit Duplex with
186 Newry Rd, Westerlo, NY 12193
For Sale
$450,000
Legal two-family layout includes flexible living spaces, storage, and outbuildings.
Property Size3,746 SF
Price / SF$120.13
Days on Market177
Property Features for 186 Newry Rd
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
central air
mini-splits
enclosed sunrooms
laundry hookups
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Theresa M Donlon · License NY #10301218544
(518) 819-9578
Source:
Exprealty
Added: May 22
Changed: Nov 1
Last Checked: Nov 12 at 12:38PM
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 Venture Fox Realty Group LLC
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Investment Insights
Based on property information with market context.
This legal two-family property contains 3,746 square feet and offers two separate living units with adaptable layouts. Interior features include spacious bedrooms, a primary suite, enclosed sunrooms, and an expansive living room centered around a wood-burning fireplace. A full walk-up attic and additional storage support practical household use, while brand-new stainless steel appliances and laundry hookups add functionality. Central air and mini-splits provide heating and cooling options throughout the property.
The outbuildings expand the property’s functional footprint and may accommodate uses such as an artist studio, yoga space, or workshop, as described in the property information. The home is situated in the Greenville School District, which offers an International Baccalaureate Program, and is positioned near Albany, Hudson, Windham, and Saugerties. Nearby recreation and dining destinations include skiing, golf, hiking, and farm-to-table dining.
The outbuildings expand the property’s functional footprint and may accommodate uses such as an artist studio, yoga space, or workshop, as described in the property information. The home is situated in the Greenville School District, which offers an International Baccalaureate Program, and is positioned near Albany, Hudson, Windham, and Saugerties. Nearby recreation and dining destinations include skiing, golf, hiking, and farm-to-table dining.
Key Highlights
- Legal 2‑family property with two separate living units
- 3,746 SF of building area
- Full walk‑up attic and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,013
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,260
$800.3K
Cap Rate 7%
$571,614
$571.6K
Cap Rate 9%
$444,589
$444.6K
Market Conditions
NOI Build-Up for 3,746 SF
Gross rent
$76.4K $20.40/SF
− Vacancy
−$3.7K −$0.98/SF
EGI
$72.8K $19.42/SF
− OpEx
−$32.7K −$8.74/SF
NOI
$40.0K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,260
Cap Rate 7%
$571,614
Cap Rate 9%
$444,589
Alternative Uses
Best Use
Multifamily LT 5
$617.9K
$540.7K – $720.9K
NOI $43,254 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,824 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 12193, NY
1,934
Population
1,104
Households
1.8
Avg Household Size
48
Median Age
32%
College-Educated
96%
High-School Grad
37.9 sq mi
ZIP Area
51
Density / Sq Mi
$76,438
Median Household Income
$47,784
Median Earnings
$266,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Albany County, NY
Properties on Market for Duplexes in Albany County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family layout includes flexible living spaces, storage, and outbuildings.
Where is this duplex located?
The property is located at 186 Newry Rd Westerlo, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Legal 2‑family property with two separate living units; 3,746 SF of building area; Full walk‑up attic and ample storage
