Duplex with Updated
For Sale
$359,000
Pending
191 Princetown Rd, Rotterdam, NY 12306
Two units offer separate utilities, off-street parking, and direct access to finished basement storage.
Property Size1,695 SF
Days on Market15
Property Features for 191 Princetown Rd
General Information
Standard status
Pending
Size
1,695 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,098
Building Details
Buildings
1
Listing Agency:
KW Platform
(518) 339-0052
Listed By:
Dominick Ieraci · License #30IE0802009
(518) 339-0052
Source:
Exprealty
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 20 at 5:28AM
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 KW Platform
Investment Insights
Based on property information with market context.
This duplex includes two residential units with separate utilities and distinct interior features. The first-floor residence has three bedrooms, a front porch, oak hardwood floors, and direct basement access leading to a finished storage area. The second-floor apartment has updated flooring, fresh paint, a renovated kitchen with new appliances, an included washer and dryer, and a new bathroom with a tub and built-in surround.
Set on a corner lot, the property provides three separate driveway entrances and off-street parking. It is located in the Schalmont School District and near shopping, restaurants, schools, and major highways. The Rotterdam address supports an owner-occupant arrangement or continued use as a two-unit income property.
Set on a corner lot, the property provides three separate driveway entrances and off-street parking. It is located in the Schalmont School District and near shopping, restaurants, schools, and major highways. The Rotterdam address supports an owner-occupant arrangement or continued use as a two-unit income property.
Key Highlights
- Two‑unit duplex with separate utilities
- First‑floor unit offers 3 bedrooms, oak hardwood floors, front porch, and direct basement access
- Second‑floor apartment includes updated flooring, fresh paint, appliances, washer and dryer
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
$19,303
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
5.38%
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%
$386,060
$386.1K
Cap Rate 7%
$275,757
$275.8K
Cap Rate 9%
$214,478
$214.5K
Market Conditions
NOI Build-Up for 1,695 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
$29.5K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.6K $16.27/SF
− OpEx
−$8.3K −$4.88/SF
NOI
$19.3K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /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%
$386,060
Cap Rate 7%
$275,757
Cap Rate 9%
$214,478
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.7K
NOI $19,303 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$247.3K
$216.4K – $288.6K
NOI $17,314 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
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 units offer separate utilities, off-street parking, and direct access to finished basement storage.
Where is this duplex located?
The property is located at 191 Princetown Rd Rotterdam, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities; First‑floor unit offers 3 bedrooms, oak hardwood floors, front porch, and direct basement access; Second‑floor apartment includes updated flooring, fresh paint, appliances, washer and dryer
