Brick
For Sale
$525,000
24 S Elm Street, Beacon, NY 12508
Two apartments include a ground-floor two-bedroom residence and an upper-level studio.
Property Size1,430 SF
Lot Size0.16 Acres
Price / SF$367.13
Days on Market34
Property Features for 24 S Elm Street
General Information
Standard status
Active
Size
1,430 SF
Total Parking Spaces
2
Lot size
0.16 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x studio
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,043
Amenities
climate-controlled attic storage
basement laundry
sheds
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
1,430 SF
Year Built
1890
Buildings
1
Units
2
Construction
brick colonial
Listing Agency:
BHHS Hudson Valley Properties
(845) 831-3080
Listed By:
Paul Westlake
(646) 884-1866
Source:
Adamstreetrealty
Added: Sep 30
Changed: Nov 1
Last Checked: Nov 1 at 3:08PM
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 BHHS Hudson Valley Properties
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Investment Insights
Based on property information with market context.
Built in 1890, this brick duplex contains two distinct apartments: a first-floor 856-square-foot, two-bedroom, one-bath unit and a 484-square-foot second-floor studio. Both have eat-in kitchens; the lower apartment also has a living room. A walk-out basement is partially finished, contains the building utilities, and provides laundry for the ground-floor residence. The upper unit has access to a climate-controlled attic used for storage. Heating is oil-fired, while municipal gas serves the upstairs water heater; hookups for both apartments are in place. The 0.16-acre property also includes two large sheds.
The address is about a block and a half from Main Street shops and restaurants and just over half a mile from the Beacon train station. I-84, the Taconic and the Thruway are also accessible from Beacon.
The address is about a block and a half from Main Street shops and restaurants and just over half a mile from the Beacon train station. I-84, the Taconic and the Thruway are also accessible from Beacon.
Key Highlights
- Two apartments: 856‑square‑foot two‑bedroom, one‑bath unit and 484‑square‑foot studio
- 1890 construction with brick exterior
- 0.16‑acre lot with two large sheds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,533
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,660
$530.7K
Cap Rate 7%
$379,043
$379.0K
Cap Rate 9%
$294,811
$294.8K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$40.0K $27.96/SF
− Vacancy
−$2.1K −$1.45/SF
EGI
$37.9K $26.51/SF
− OpEx
−$11.4K −$7.95/SF
NOI
$26.5K $18.55/SF
Area
Dutchess County, NY
Vacancy
5.20%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,660
Cap Rate 7%
$379,043
Cap Rate 9%
$294,811
Alternative Uses
Best Use
Multifamily LT 5
$379.0K
$331.7K – $442.2K
NOI $26,533 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,567 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$430.5K
$376.7K – $502.2K
NOI $30,132 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 12508, NY
19,537
Population
8,798
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
14.4 sq mi
ZIP Area
1,357
Density / Sq Mi
$88,510
Median Household Income
$59,498
Median Earnings
$1,700
Median Rent
$401,500
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 - Two apartments include a ground-floor two-bedroom residence and an upper-level studio.
Where is this duplex located?
The property is located at 24 S Elm Street Beacon, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two apartments: 856‑square‑foot two‑bedroom, one‑bath unit and 484‑square‑foot studio; 1890 construction with brick exterior; 0.16‑acre lot with two large sheds
