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    Well-Maintained Triplex With Separate Utilities Title is generated by Realmo AI

    2521 West Fulton Road, Warnerville, NY 12187

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    Claim this Listing
    For Sale
    $219,900

    Separate utilities help support flexible occupancy, with a well-kept triplex near SUNY Cobleskill and local access.

    Type:Multi Family / Triplex
    Property size:
    2,100 SF
    Price / SF:
    $104/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 2:07 am

    Property Features for 2521 West Fulton Road

    General Information

    Standard status
    Active
    Size
    2,100 SF
    Property subtype
    Multi Family / Triplex

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Debra J Stanton
    Debra J Stanton

    Listing agent Debra J Stanton License #30ST0736276

    Listing office Howard Hanna Capital Inc

    Listing date May 27, 2026

    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

    • Well‑kept triplex with separate utilities, offering flexible occupancy and support for owner‑occupied use (apt. 3).
    • Full walk‑out basement and block foundation; built with block and vinyl siding.
    • Year built 1920 with shingle/asphalt roof and double pane windows with screens.
    • Electric and baseboard electric heat; high‑speed internet and walk‑in closet(s) with built‑in features.
    • Deck plus backyard space for easy parking, and an on‑site shed for storage.
    • Security features include smoke detectors and carbon monoxide detectors.

    Overview

    This triplex offers three apartments with separate utilities, providing flexibility for an owner-occupied setup while keeping additional units available for rental income support. The property has been maintained with care by the current owner, and the building is described as being in “tip top shape.” Heat and electric are provided through Richmondville Power and Light, and village water is available for the property if a connection is desired. There is also mention of a potential public sewer hookup. Outside, the property includes a shed for storage and a backyard that supports convenient off-street parking.

    The location is noted as an easy commute to SUNY Cobleskill, with access to downtown Cobleskill. The remarks also call out interstate access for commuting convenience.

    For a buyer looking to start in residential income properties, this configuration can suit an owner-occupied plan with one apartment while renting the remaining units. The separate utilities and the existing storage and parking features can be practical for day-to-day management, and the property is described as easy to show for prospective tenants or buyers.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Department Store Accounting Firm Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Warnerville
    County
    Schoharie
    State
    New York
    Longitude
    -74.50377
    Latitude
    42.658466

    FAQs

    What type of property is this?
    Triplex - Separate utilities help support flexible occupancy, with a well-kept triplex near SUNY Cobleskill and local access.
    Where is this triplex located?
    The property is located at 2521 West Fulton Road Warnerville, NY.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: Well‑kept triplex with separate utilities, offering flexible occupancy and support for owner‑occupied use (apt. 3).; Full walk‑out basement and block foundation; built with block and vinyl siding.; Year built 1920 with shingle/asphalt roof and double pane windows with screens.
    (518) 573-2693
    We can help!
    Listing Contact
    Debra J Stanton
    Debra J Stanton
    Real Estate License ID: 30ST0736276
    Learn More
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    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
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