Brick Triplex with Recent
New
For Sale
$309,900
29 Main Street, Ravena, NY 12143
MultiFamily, Ravena, NY
Property Size2,448 SF
Lot Size0.20 Acres
Price / SF$126.59
Days on Market2
Property Features for 29 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 1
Parking
3
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Interior features
Paddle Fan, High Speed Internet, Built-in Features
Fencing
Fenced, Chain Link
Basement
Walk-Out Access, Unfinished, Sump Pump, Exterior Entry, Full, Interior Entry
Lot features
Level, Landscaped, Road Frontage, Corner Lot
Elementary school
Pieter B. Coeymans
High school
Ravena Coeymans Selkirk HS
Elementary school district
Ravena-Coeymans-Selkirk
Middle school district
Ravena-Coeymans-Selkirk
High school district
Ravena-Coeymans-Selkirk
Directions
Route 9W to Left on Mountain Rd to Left on Main Street. House on corner of Main Street and North Clement Avenue.
Standard status
Active
APN
012401 168.11-2-31
Size
2,448 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
3693
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
off-street parking
fenced-in yard
Building Details
Year built
1890
Number of units
3
Flooring type
Carpet, Vinyl, Tile, Laminate
Building materials
Brick, Wood Siding
Roof type
Rubber, Flat
Architectural style
Other
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 439-4943
Listed By:
Josephine Bruno · License #30BR0723256
(518) 461-7224
Added: Sep 17
Last Checked: Sep 18 at 7:06PM
MLS# 202626398
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.
Investment Insights
Based on property information with market context.
This 2,448-square-foot triplex sits on a 0.2-acre parcel and dates to 1890. The brick property includes three gas furnaces, three gas hot water heaters, and a flat rubber roof installed in 2025. Interior features include built-in elements, high-speed internet, and a mix of carpet, vinyl, tile, and laminate flooring. Window unit cooling, public water, and public sewer serve the building, while a driveway, off-street parking, porch, and chain-link fenced yard add practical site features.
The property is in Ravena near major highways and the NYS Thruway, with access to the Hudson River waterfront, marina, boat launch, and restaurant. Albany is approximately 20 minutes away, and Coxsackie is approximately 15 minutes away. The three-unit building is fully occupied.
The property is in Ravena near major highways and the NYS Thruway, with access to the Hudson River waterfront, marina, boat launch, and restaurant. Albany is approximately 20 minutes away, and Coxsackie is approximately 15 minutes away. The three-unit building is fully occupied.
Key Highlights
- Three‑unit brick property with 2,448 square feet
- 0.2‑acre parcel with driveway and off‑street parking
- New flat rubber roof installed in 2025
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
$28,266
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
9.12%
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%
$565,320
$565.3K
Cap Rate 7%
$403,800
$403.8K
Cap Rate 9%
$314,067
$314.1K
Market Conditions
NOI Build-Up for 2,448 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
$42.6K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.4K $16.50/SF
− OpEx
−$12.1K −$4.95/SF
NOI
$28.3K $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%
$565,320
Cap Rate 7%
$403,800
Cap Rate 9%
$314,067
Alternative Uses
Best Use
Multifamily LT 5
$403.8K
$353.3K – $471.1K
NOI $28,266 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$763.9K
$668.4K – $891.2K
NOI $53,472 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 12143, NY
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Triplex - Fully occupied three-unit property with public utilities, off-street parking, and a fenced yard.
Where is this triplex located?
The property is located at 29 Main Street Ravena, NY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Three‑unit brick property with 2,448 square feet; 0.2‑acre parcel with driveway and off‑street parking; New flat rubber roof installed in 2025
