Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three-Unit Residential Income Property Title is generated by Realmo AI

    2237 Ghents Road, Rotterdam, NY 12306

    View on Map
    Claim this Listing
    For Sale
    $325,000

    Three separate units with individual utilities and garage hookups, suited for owner-occupants or income-focused buyers.

    Type:Multi Family / Triplex
    Property size:
    2,330 SF
    Price / SF:
    $139/SF
    Added:
    Dec 20, 2025
    Days on Market:
    168
    Last Refresh:
    Jun 6 at 2:03 am

    Property Features for 2237 Ghents Road

    General Information

    Standard status
    Active
    Size
    2,330 SF
    Property subtype
    Multi Family / Triplex

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    George T Tomaselli

    Listing agent George T Tomaselli License #30TO0245901

    Listing office Howard Hanna Capital Inc

    Listing date Dec 20, 2025

    Source Compass

    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 Howard Hanna Capital Inc

    HighLights

    • 3‑family property in Rotterdam with Mohonasen schools
    • All separate utilities for each unit
    • Each unit includes 100‑amp electrical service with circuit breakers
    • Windows have been replaced
    • Two‑car garage with washer and dryer hookups for each unit
    • Tenants are on month‑to‑month leases (24‑hour notice to show)

    Overview

    This property is a rare three-unit residential income building with separate utilities for each unit. The home also features a private setting and a two-car garage. Windows have been replaced, and each unit is served by circuit breakers with 100-amp service. Washer and dryer hookups are available in the garage for each unit.

    Located in Rotterdam, the property is associated with Mohonasen school attendance. Tenants are on month-to-month terms, and a 24-hour notice is required to schedule showings.

    For buyers seeking a manageable multi-family layout, the combination of separate utilities, in-unit laundry hookups, and a two-car garage can support straightforward day-to-day ownership and tenant turnover. The month-to-month tenancy structure provides flexibility for planning occupancy or future use, subject to landlord-tenant requirements and notice requirements for showings.

    Local Financial Insights For Multifamily LT 5

    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 $40.5k $17.40
    − Vacancy −$2.6k −$1.13
    EGI $37.9k $16.27
    − OpEx −$11.4k −$4.88
    NOI $26.5k $11.39
    2,330 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $379.1K
    $331.7K – $442.3K (±1% cap)
    NOI $26,535 @ 7.0% cap · market cap 8.16%
    Second Best
    Apartment 5plus
    $340.0K
    $297.5K – $396.7K (±1% cap)
    NOI $23,801 @ 7.0% cap · market cap 7.32%
    Theoretical Best
    Office A
    $697.4K
    $610.2K – $813.6K (±1% cap)
    NOI $48,818 @ 7.0% cap · market cap 15.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rotterdam
    County
    Schenectady
    State
    New York
    Longitude
    -73.9681653
    Latitude
    42.7652535

    Nearby Similar for Sale

    • $325,000
      1,287 SF

      Turnkey Commercial Property in Rotterdam

      Highly visible commercial property suitable for various small business uses.
      2639 Guilderland Avenue, Rotterdam, NY 12306
      View Details
    • $334,900
      1,644 SF

      Rotterdam Two-Family Home For Sale

      Two-family home in Rotterdam, spacious units, large lot.
      1111 Fort Hunter Road, Rotterdam, NY 12303
      View Details
    • $279,900
      1,600 SF

      Rotterdam Two-Family Home Investment

      Well-maintained two-family home in Rotterdam, great investment opportunity.
      3011 Broadway, Rotterdam, NY 12306
      View Details
    • $899,900
      5,837 SF

      Mixed-Use Commercial Property For Sale

      High-traffic location with diversified income potential in a growing corridor.
      671 Mariaville Road, Rotterdam, NY 12306
      View Details
    • $389,700
      8,688 SF

      Rotterdam Flex Space Opportunity

      8,600+ sq ft flex space near I-90.
      1125 Mitchell Road, Rotterdam, NY 12303
      View Details
    • $6,920,000
      13,225 SF

      Freestanding CVS Investment Property

      NNN leased CVS in Rotterdam, NY with 20 years remaining.
      2801 Guilderland Ave, Rotterdam, NY
      View Details
    • $639,900
      2,400 SF

      Turn-Key Auto Body Business

      Established auto body business with equipment and high traffic location.
      1125 Altamont Avenue, Rotterdam, NY 12303
      View Details
    • $285,000
      2,100 SF

      Rotterdam Two-Family Home

      Two-family home in Rotterdam with immediate occupancy.
      1710 Norfolk Avenue, Rotterdam, NY 12303
      View Details
    • $334,900
      1,644 SF

      Two-Family Residential Income Property

      Well-proportioned two-unit setup with two bedrooms and one bath on the first floor plus a separate one-bedroom unit upstairs.
      1111 Fort Hunter Road, Rotterdam, NY 12303
      View Details
    • $2,250,000
      4,610 SF

      Established Restaurant/Catering Opportunity

      Thriving restaurant with two kitchens, dining area, and banquet room.
      126 Mariaville Rd, Rotterdam, NY 12306
      View Details

    FAQs

    What type of property is this?
    Triplex - Three separate units with individual utilities and garage hookups, suited for owner-occupants or income-focused buyers.
    Where is this triplex located?
    The property is located at 2237 Ghents Road Rotterdam, NY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 3‑family property in Rotterdam with Mohonasen schools; All separate utilities for each unit; Each unit includes 100‑amp electrical service with circuit breakers
    (518) 356-2779
    We can help!
    Listing Contact
    George T Tomaselli
    Real Estate License ID: 30TO0245901
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2237 Ghents Road, Rotterdam, NY 12306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!