Upgraded Quadplex with
For Sale
$275,000
Pending
19 Vine Street, Keeseville, NY 12944
Residential Income, Keeseville, NY
Property Size2,708 SF
Lot Size0.20 Acres
Days on Market122
Property Features for 19 Vine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Parking features
Driveway
Patio and Porch features
Porch
Elementary school district
Ausable Valley
Middle school district
Ausable Valley
High school district
Ausable Valley
Directions
from blinking light at the intersection of Route 9 (Front St) and Route 22 (Main St) go east on Kent St and then turn right onto Vine St. Property is second house on the right.
Subdivision
Keeseville, Port Kent, Chesterfield, AuSable
Standard status
Pending
APN
4.37-3-11.000
Size
2,708 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
3824
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1948
Floors in Building
2
Number of units
4
Roof type
Asphalt
Listing Agency:
Davidson Real Estate Group, LLC
(518) 834-7608
Listed By:
Barbara Davidson
(518) 569-9310
Added: May 20
Changed: Aug 19
Last Checked: Sep 18 at 4:06PM
MLS# 207266
Copyright © 2026 Adirondack Champlain Valley 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 2,708-square-foot quadplex, built in 1948, sits on a 0.2-acre residential parcel. The property has received multiple upgrades and includes a porch, driveway parking, an asphalt roof, public water, and public sewer service. Cable is available.
Two units currently have leases in place, while the owners occupy unit #2. The remaining two units are expected to be advertised after unit improvements are completed. The property is located in Keeseville, NY, within Essex County, and is designated Residential zoning.
Two units currently have leases in place, while the owners occupy unit #2. The remaining two units are expected to be advertised after unit improvements are completed. The property is located in Keeseville, NY, within Essex County, and is designated Residential zoning.
Key Highlights
- Quadplex containing 2,708 square feet on 0.2 acres
- Built in 1948 with multiple upgrades completed
- Two leases currently in place
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
$23,120
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%
$462,400
$462.4K
Cap Rate 7%
$330,286
$330.3K
Cap Rate 9%
$256,889
$256.9K
Market Conditions
NOI Build-Up for 2,708 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
$35.7K $13.20/SF
− Vacancy
−$2.7K −$1.00/SF
EGI
$33.0K $12.20/SF
− OpEx
−$9.9K −$3.66/SF
NOI
$23.1K $8.54/SF
Area
Clinton County, NY
Vacancy
7.60%
Lease Rate
$13.20 /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%
$462,400
Cap Rate 7%
$330,286
Cap Rate 9%
$256,889
Alternative Uses
Best Use
Multifamily LT 5
$330.3K
$289.0K – $385.3K
NOI $23,120 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$293.6K
$256.9K – $342.6K
NOI $20,554 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$746.5K
$653.2K – $870.9K
NOI $52,254 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 12944, NY
4,088
Population
2,008
Households
2
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
45
Density / Sq Mi
$70,375
Median Household Income
$37,070
Median Earnings
$1,070
Median Rent
$150,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with existing leases, owner occupancy, and planned improvements to two additional units.
Where is this quadplex located?
The property is located at 19 Vine Street Keeseville, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Quadplex containing 2,708 square feet on 0.2 acres; Built in 1948 with multiple upgrades completed; Two leases currently in place
