Two-Family Residential Income
2530 Augustine Avenue Unit 2530 Rotterdam, NY 12306
2530 Augustine Avenue Unit 2530, Rotterdam, NY, 12306
$299,900
Pending
For Sale
$299,900
Pending
Well-maintained two-family home on a double lot with six off-street parking spaces and updated major building systems.
Property Size1,728 SF
Days on Market32
Property Features for 2530 Augustine Avenue Unit 2530
General Information
- Standard status
- Pending
- Size
- 1,728 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1920
Listing agency
Tesoros Property Mgmt LLC
(518) 225-4703
Listed by
Gloria Herman · License #10491200011
(518) 225-4703
Source
Compass
Added: Jun 21 Updated: Jul 22 at 3:38AM Checked: Jul 22 at 3:38AM
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 Tesoros Property Mgmt LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family home is set on a spacious double lot and offers six off-street parking spaces for residents and guests. Both units include large eat-in kitchens and generous closet space, along with new appliances installed in 2024. The second-floor unit also features hardwood floors beneath carpeting.
The property has received multiple updates over the years, including a new roof in 2024, new gutters in 2024, a new chimney liner in 2020, and updated electrical service with a new weatherhead and wiring in 2020. Additional improvements include new front doors in 2020 and a newer boiler installed in 2008.
With its two-unit layout and recent appliance and systems upgrades, this property is suitable for investors and owner-occupants looking to offset housing expenses while maintaining a residential setup within the Mohonasen School District.
The property has received multiple updates over the years, including a new roof in 2024, new gutters in 2024, a new chimney liner in 2020, and updated electrical service with a new weatherhead and wiring in 2020. Additional improvements include new front doors in 2020 and a newer boiler installed in 2008.
With its two-unit layout and recent appliance and systems upgrades, this property is suitable for investors and owner-occupants looking to offset housing expenses while maintaining a residential setup within the Mohonasen School District.
Key Highlights
- Well‑maintained two‑family home on a spacious double lot in the Mohonasen School District
- Six off‑street parking spaces for residents and guests, plus a full basement with concrete perimeter foundation
- Both units offer large eat‑in kitchens and generous closet space, with new appliances installed in 2024
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.1k | $17.40 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $28.1k | $16.27 |
| − OpEx | −$8.4k | −$4.88 |
| NOI | $19.7k | $11.39 |
1,728 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.1K
$246.0K – $328.0K
NOI $19,679 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$252.2K
$220.6K – $294.2K
NOI $17,651 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home on a double lot with six off-street parking spaces and updated major building systems.
Where is this duplex located?
The property is located at 2530 Augustine Avenue Unit 2530 Rotterdam, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Well‑maintained two‑family home on a spacious double lot in the Mohonasen School District; Six off‑street parking spaces for residents and guests, plus a full basement with concrete perimeter foundation; Both units offer large eat‑in kitchens and generous closet space, with new appliances installed in 2024
