Three-Unit Residential Income
For Sale
$325,000
Pending
2237 Ghents Road, Rotterdam, NY 12306
Three separate units with individual utilities and garage hookups, suited for owner-occupants or income-focused buyers.
Property Size2,330 SF
Days on Market234
Property Features for 2237 Ghents Road
General Information
Standard status
Pending
Size
2,330 SF
Total Parking Spaces
6
Property subtype
Multi Family / Triplex
Zoning
Multi Residence
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,511
Amenities
No
Asphalt
None, No
Hot Water, Natural Gas, Yes
Slab
100 Amp Service, Circuit Breakers
Aluminum Siding
Yes
Electric Dryer Hookup, Washer Hookup, Other
Smoke Detector(s), Carbon Monoxide Detector(s)
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Howard Hanna Capital Inc
(518) 356-2779
Listed By:
George T Tomaselli · License #30TO0245901
(518) 356-2779
Source:
Compass
Added: Dec 20, 2025
Changed: Aug 10
Last Checked: Aug 10 at 9:48AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
$26,535
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
8.16%
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%
$530,700
$530.7K
Cap Rate 7%
$379,071
$379.1K
Cap Rate 9%
$294,833
$294.8K
Market Conditions
NOI Build-Up for 2,330 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
$40.5K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.9K $16.27/SF
− OpEx
−$11.4K −$4.88/SF
NOI
$26.5K $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%
$530,700
Cap Rate 7%
$379,071
Cap Rate 9%
$294,833
Alternative Uses
Best Use
Multifamily LT 5
$379.1K
$331.7K – $442.3K
NOI $26,535 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$340.0K
$297.5K – $396.7K
NOI $23,801 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$697.4K
$610.2K – $813.6K
NOI $48,818 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
42
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?
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
