Two-Unit Duplex with
For Sale
$199,900
24 Delaware Street, Rouses Point, NY 12979
Each apartment has two bedrooms and one bath, with off-street parking and a shared backyard.
Property Size2,063 SF
Price / SF$96.90
Days on Market70
Property Features for 24 Delaware Street
General Information
Standard status
Active
Size
2,063 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,619
Amenities
hardwood floors
open-concept layout
fireplace
off-street parking
shared backyard
Building Details
Building Size
2,063 SF
Year Built
1900
Buildings
1
Listing Agency:
Kavanaugh Realty-Plattsburgh
(518) 562-4679
Listed By:
Michael Rowe · License #10401310470
(518) 593-9450
Source:
Homerootsrealty
Added: Aug 20
Changed: Oct 25
Last Checked: Oct 26 at 4:06AM
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 Kavanaugh Realty-Plattsburgh
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Investment Insights
Based on property information with market context.
This 2,063-square-foot duplex, built in 1900, contains two apartments, each with two bedrooms and one bathroom. The lower-level unit has hardwood flooring, an open layout, and a fireplace.
Residents have off-street parking and access to a shared backyard. The property is minutes from Lake Champlain, the Canadian border, shops, restaurants, and marinas.
Residents have off-street parking and access to a shared backyard. The property is minutes from Lake Champlain, the Canadian border, shops, restaurants, and marinas.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 2,063 square feet; built in 1900
- Lower apartment features hardwood floors, an open layout, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,613
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,260
$352.3K
Cap Rate 7%
$251,614
$251.6K
Cap Rate 9%
$195,700
$195.7K
Market Conditions
NOI Build-Up for 2,063 SF
Gross rent
$27.2K $13.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$25.2K $12.20/SF
− OpEx
−$7.5K −$3.66/SF
NOI
$17.6K $8.54/SF
Area
Clinton County, NY
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,260
Cap Rate 7%
$251,614
Cap Rate 9%
$195,700
Alternative Uses
Best Use
Multifamily LT 5
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$223.7K
$195.7K – $261.0K
NOI $15,658 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,808 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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Business Placement
Demographics for 12979, NY
2,321
Population
1,344
Households
1.7
Avg Household Size
48
Median Age
20%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
553
Density / Sq Mi
$47,135
Median Household Income
$40,824
Median Earnings
$731
Median Rent
$180,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has two bedrooms and one bath, with off-street parking and a shared backyard.
Where is this duplex located?
The property is located at 24 Delaware Street Rouses Point, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 2,063 square feet; built in 1900; Lower apartment features hardwood floors, an open layout, and a fireplace
