Two-Unit Home with Separate
For Sale
$425,000
27 Euclid Ave, Delmar, NY 12054
Duplex with spacious layouts, substantial storage, and laundry appliances serving each residence.
Property Size2,404 SF
Price / SF$176.79
Days on Market10
Property Features for 27 Euclid Ave
General Information
Standard status
Active
Size
2,404 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 3BR + office
Multifamily Units
2
Amenities
hardwood floors
large walk-in pantries
washer and dryer
walk-up attic
full basement
Building Details
Year Built
1906
Buildings
1
Listing Agency:
Realty One Group Key
(518) 861-7016
Listed By:
Clancy Real Estate, Inc · License #30WA0832219
(518) 861-7016
Source:
Clancyrealestate
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 9:09AM
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 Realty One Group Key
Investment Insights
Based on property information with market context.
This 2,404-square-foot duplex, built in 1906, contains two separate residences with distinct layouts. The first-floor unit has two bedrooms, while the upper unit includes three bedrooms and a dedicated office. Both units feature hardwood flooring, large walk-in pantries, and individual washer and dryer setups located on the first floor.
Storage extends beyond the living areas with a walk-up attic and full basement. Separate utilities serve the two units. The roof is approximately 8 years old, and the windows were replaced in 2007. The property is located at 27 Euclid Ave in Delmar, NY 12054.
Storage extends beyond the living areas with a walk-up attic and full basement. Separate utilities serve the two units. The roof is approximately 8 years old, and the windows were replaced in 2007. The property is located at 27 Euclid Ave in Delmar, NY 12054.
Key Highlights
- 2,404‑square‑foot duplex built in 1906
- First‑floor unit offers 2 bedrooms; second‑floor unit has 3 bedrooms plus a dedicated office
- Separate utilities serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,758
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$555,160
$555.2K
Cap Rate 7%
$396,543
$396.5K
Cap Rate 9%
$308,422
$308.4K
Market Conditions
NOI Build-Up for 2,404 SF
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.
Gross rent
$41.8K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.7K $16.50/SF
− OpEx
−$11.9K −$4.95/SF
NOI
$27.8K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$555,160
Cap Rate 7%
$396,543
Cap Rate 9%
$308,422
Alternative Uses
Best Use
Multifamily LT 5
$396.5K
$347.0K – $462.6K
NOI $27,758 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$366.8K
$321.0K – $428.0K
NOI $25,678 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$750.2K
$656.4K – $875.2K
NOI $52,511 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 12054, NY
17,282
Population
7,221
Households
2.4
Avg Household Size
46
Median Age
68%
College-Educated
98%
High-School Grad
15.5 sq mi
ZIP Area
1,115
Density / Sq Mi
$128,684
Median Household Income
$69,853
Median Earnings
$1,658
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with spacious layouts, substantial storage, and laundry appliances serving each residence.
Where is this duplex located?
The property is located at 27 Euclid Ave Delmar, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,404‑square‑foot duplex built in 1906; First‑floor unit offers 2 bedrooms; second‑floor unit has 3 bedrooms plus a dedicated office; Separate utilities serve each unit
