Brick Duplex with Detached
New
For Sale
$319,000
21 Dempster St, Ravena, NY 12143
Residential Income, Ravena, NY
Property Size2,480 SF
Lot Size0.22 Acres
Price / SF$128.63
Days on Market2
Property Features for 21 Dempster St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5
High school district
000000
Directions
Dempster and Pulver Roads
Standard status
Active
APN
000000-168.000-0003-013.000
Size
2,480 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2500
Utilities
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Listing Agency:
REALTY ONE GROUP KEY
(518) 630-0360
Listed By:
Leah Witko · License #10401256547
(518) 649-7505
Added: Oct 12
Last Checked: Oct 13 at 7:06PM
MLS# 12024410
Copyright © 2026 My State 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 brick duplex contains two residential units totaling 2,480 square feet. Both apartments were renovated this year. One unit is leased, while the other is vacant. A detached garage accommodates two cars.
The property occupies a 0.22-acre parcel and was built in 1890. Public water serves the property.
The property occupies a 0.22-acre parcel and was built in 1890. Public water serves the property.
Key Highlights
- Two‑unit brick duplex totaling 2,480 square feet
- Both apartments renovated this year
- One unit leased and one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,636
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,720
$572.7K
Cap Rate 7%
$409,086
$409.1K
Cap Rate 9%
$318,178
$318.2K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$43.2K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.9K $16.50/SF
− OpEx
−$12.3K −$4.95/SF
NOI
$28.6K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,720
Cap Rate 7%
$409,086
Cap Rate 9%
$318,178
Alternative Uses
Best Use
Multifamily LT 5
$409.1K
$358.0K – $477.3K
NOI $28,636 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,490 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$773.9K
$677.1K – $902.9K
NOI $54,171 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 12143, NY
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have been renovated, with a detached garage providing additional on-site space.
Where is this duplex located?
The property is located at 21 Dempster St Ravena, NY.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑unit brick duplex totaling 2,480 square feet; Both apartments renovated this year; One unit leased and one unit vacant
