Two-Home Residential Income
294-296 New Salem South Road Voorheesville, NY 12186
294-296 New Salem South Road, Voorheesville, NY, 12186
$399,900
For Sale
$399,900
Two separate homes on a 0.50-acre lot, including a detached 1-car garage and a long-term rental unit.
Property Size1,484 SF
Lot Size0.50 Acres
Price / SF$269.47
Days on Market79
Property Features for 294-296 New Salem South Road
General Information
- Standard status
- Active
- Size
- 1,484 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1945
Listing agency
Venture Fox Realty Group LLC
(518) 378-8756
Listed by
Christopher McCabe · License #40MC1144610
(518) 378-8756
Source
Compass
Added: May 6 Updated: Jul 22 at 10:50AM Checked: Jul 22 at 10:50AM
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 Venture Fox Realty Group LLC
Investment Insights
Based on property information with market context.
This residential income property includes two separate homes on a spacious 0.50-acre lot, plus a detached 1-car garage. The main home has been completely renovated and features 3 bedrooms and 1 full bath, with an updated kitchen including stainless steel appliances and modern cabinetry, along with an open living room and dining room combination. The second home offers 1 bedroom and 1 full bath, with a living room and kitchen area. A long-term tenant is in place in the second home.
The property is located in the Voorheesville School District and is described as being minutes from Thatcher Park, shopping, restaurants, and major roadways, offering convenient access to everyday amenities.
Offered for sale as a multi-family/residential income opportunity, the layout supports both owner-occupant and investor scenarios, with the second unit currently generating rental income.
The property is located in the Voorheesville School District and is described as being minutes from Thatcher Park, shopping, restaurants, and major roadways, offering convenient access to everyday amenities.
Offered for sale as a multi-family/residential income opportunity, the layout supports both owner-occupant and investor scenarios, with the second unit currently generating rental income.
Key Highlights
- Two separate homes on a 0.50‑acre lot, plus a detached 1‑car garage
- Main home: 3 bedrooms and 1 full bath with central air and electric forced‑air heating
- Second home: 1 bedroom and 1 full bath, currently rented with a long‑term tenant
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 | $25.8k | $17.40 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $24.5k | $16.50 |
| − OpEx | −$7.3k | −$4.95 |
| NOI | $17.1k | $11.55 |
1,484 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.8K
$214.2K – $285.6K
NOI $17,135 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$226.4K
$198.1K – $264.2K
NOI $15,851 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$463.1K
$405.2K – $540.3K
NOI $32,415 @ 7.0% cap · market cap 8.11%
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 - Two separate homes on a 0.50-acre lot, including a detached 1-car garage and a long-term rental unit.
Where is this duplex located?
The property is located at 294-296 New Salem South Road Voorheesville, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two separate homes on a 0.50‑acre lot, plus a detached 1‑car garage; Main home: 3 bedrooms and 1 full bath with central air and electric forced‑air heating; Second home: 1 bedroom and 1 full bath, currently rented with a long‑term tenant
