Duplex Property with Garage
2439 County Route 5, New Lebanon, NY 12125
For Sale
$645,000
MultiFamily, New Lebanon, NY
Property Size2,000 SF
Lot Size22.20 Acres
Price / SF$322.50
Days on Market141
Property Features for 2439 County Route 5
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Fireplace
Basement
Lot features
View
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
hardwood floors
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Sandy A Speranza · License NY 40SP1007987
(518) 331-8036
Added: Jun 27
Changed: Oct 27
Last Checked: Nov 14 at 3:06AM
MLS# 202620622
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 22.2 acres, the property includes a 2,000-square-foot Cape with three bedrooms, two full bathrooms, hardwood floors, and an attached two-car garage. A separate 28-by-36-foot heated garage has a one-bedroom, 960-square-foot apartment above it, served by its own septic system. The main residence has forced-air heating and central air conditioning, and the property uses well water and a septic system.
Jiminy Peak is approximately 20 minutes away, and New York City is about three hours away. The property is in New Lebanon, New York, in Columbia County. The two residences offer the option of occupying one and renting the other.
Jiminy Peak is approximately 20 minutes away, and New York City is about three hours away. The property is in New Lebanon, New York, in Columbia County. The two residences offer the option of occupying one and renting the other.
Key Highlights
- 22.2 acres in New Lebanon, New York
- 2,000‑square‑foot Cape with 3 bedrooms, 2 full baths, hardwood floors, and an attached 2‑car garage
- Separate 28' x 36' heated garage with a 960‑square‑foot, 1‑bedroom apartment above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,433
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,660
$428.7K
Cap Rate 7%
$306,186
$306.2K
Cap Rate 9%
$238,144
$238.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$30.6K $15.31/SF
− OpEx
−$9.2K −$4.59/SF
NOI
$21.4K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,660
Cap Rate 7%
$306,186
Cap Rate 9%
$238,144
Alternative Uses
Best Use
Multifamily LT 5
$306.2K
$267.9K – $357.2K
NOI $21,433 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$268.7K
$235.1K – $313.5K
NOI $18,810 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$494.8K
$433.0K – $577.3K
NOI $34,637 @ 7.0% cap · market cap 5.37%
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
22
Businesses Nearby
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Business Placement
Demographics for 12125, NY
1,478
Population
619
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
96%
High-School Grad
16.0 sq mi
ZIP Area
92
Density / Sq Mi
$67,596
Median Household Income
$41,489
Median Earnings
$983
Median Rent
$247,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Columbia County, NY
Properties on Market for Duplexes in Columbia County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A country property pairs a three-bedroom residence with a separate apartment above a heated garage.
Where is this duplex located?
The property is located at 2439 County Route 5 New Lebanon, NY.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 22.2 acres in New Lebanon, New York; 2,000‑square‑foot Cape with 3 bedrooms, 2 full baths, hardwood floors, and an attached 2‑car garage; Separate 28' x 36' heated garage with a 960‑square‑foot, 1‑bedroom apartment above
