Two-Unit Duplex with Garage
204 7th Street Geddes, NY 13209
204 7th Street, Geddes, NY, 13209
$245,000
Pending
For Sale
$245,000
Pending
Side-by-side duplex offers two 3-bedroom residences plus six individually leased garage bays, with private entrances and shared patio.
Property Size2,240 SF
Days on Market84
Property Features for 204 7th Street
General Information
- Standard status
- Pending
- Size
- 2,240 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1918
Listing agency
TJMG Properties, LLC
(315) 299-4277
Listed by
Laurie Butler
Source
Xome
Added: Apr 30 Updated: Jul 22 at 1:18PM Checked: Jul 22 at 1:18PM
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 TJMG Properties, LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex includes two 3-bedroom units and a separate complex of six individual garage bays. The property is fully occupied per the current owner’s information, generating rental income from both the residences and the garage bays. Each unit is described as having private front and rear entrances, off-street parking, and access to a shared backyard patio.
Additional features include a walk-in kitchen pantry and full attic/basement access, along with a dedicated owner storage area accessible via exterior bulkhead doors. The property is located on a corner lot, with easy access to transit and retail.
Offered for sale at 204 7th Street in Geddes, NY, this configuration combines residential living space with multiple storage units in one managed asset.
Additional features include a walk-in kitchen pantry and full attic/basement access, along with a dedicated owner storage area accessible via exterior bulkhead doors. The property is located on a corner lot, with easy access to transit and retail.
Offered for sale at 204 7th Street in Geddes, NY, this configuration combines residential living space with multiple storage units in one managed asset.
Key Highlights
- Side‑by‑side 2‑family duplex (2 residences) built in 1918, plus a 6‑unit garage complex for additional leased storage income
- Both 3‑bedroom units are currently 100% occupied, along with six individually leased garage bays
- Each unit features private front and rear entrances and access to a shared backyard patio
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $18.36 |
| − Vacancy | −$2.7k | −$1.19 |
| EGI | $38.5k | $17.17 |
| − OpEx | −$17.3k | −$7.72 |
| NOI | $21.1k | $9.44 |
2,240 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.5K
$297.9K – $397.2K
NOI $23,834 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$302.1K
$264.4K – $352.5K
NOI $21,149 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Side-by-side duplex offers two 3-bedroom residences plus six individually leased garage bays, with private entrances and shared patio.
Where is this duplex located?
The property is located at 204 7th Street Geddes, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Side‑by‑side 2‑family duplex (2 residences) built in 1918, plus a 6‑unit garage complex for additional leased storage income; Both 3‑bedroom units are currently 100% occupied, along with six individually leased garage bays; Each unit features private front and rear entrances and access to a shared backyard patio
