Brick Duplex with Accessory
For Sale
$795,000
2975 Route 9, Cold Spring, NY 10516
Residential Income, Cold Spring, NY
Property Size3,044 SF
Lot Size1.00 Acre
Price / SF$261.17
Days on Market28
Property Features for 2975 Route 9
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Laundry Room, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Driveway
Patio and Porch features
Patio, Deck
Exterior features
Electric Vehicle Charger
Fireplace
1
High school district
HALDANE CENTRAL SCHOOL DISTRICT
Standard status
Active
Size
3,044 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11226
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Amenities
deck
terrace
yard
fireplace
Building Details
Year built
1967
Flooring type
Laminate, Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
LIMITED EDITIONS REALTY INC
Listed By:
Patrick O'sullivan
Added: Sep 29
Changed: Oct 22
Last Checked: Oct 26 at 5:06AM
MLS# 12038282
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,044-square-foot brick duplex, built in 1967, contains a main residence and an accessory apartment. The primary unit has three bedrooms, including an office or den, a full bath, a half bath, a living room with fireplace, and an eat-in kitchen with a granite-top island. A dining room, laundry area, hardwood floors, and a deck complete this portion of the home. The apartment offers two bedrooms, an office or den, a full bath, an eat-in kitchen, and a living room with fireplace and terrace access. Both units have separate electric and heat meters.
The property occupies 1 acre and is set back from Route 9. I-84, Route 301, and the Village of Cold Spring are nearby. The property is in Business Zone B-1 and includes a two-car garage, storage, and a rear yard.
The property occupies 1 acre and is set back from Route 9. I-84, Route 301, and the Village of Cold Spring are nearby. The property is in Business Zone B-1 and includes a two-car garage, storage, and a rear yard.
Key Highlights
- Duplex configuration with a main residence and accessory apartment
- 3,044 square feet on 1 acre
- Separate electric and heat meters for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,383
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,660
$1.0M
Cap Rate 7%
$719,757
$719.8K
Cap Rate 9%
$559,811
$559.8K
Market Conditions
NOI Build-Up for 3,044 SF
Gross rent
$76.7K $25.20/SF
− Vacancy
−$4.7K −$1.55/SF
EGI
$72.0K $23.65/SF
− OpEx
−$21.6K −$7.09/SF
NOI
$50.4K $16.55/SF
Area
Putnam County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,660
Cap Rate 7%
$719,757
Cap Rate 9%
$559,811
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$930.1K – $1.24M
NOI $74,409 @ 7.0% cap · market cap 9.36%
Second Best
Multifamily LT 5
$719.8K
$629.8K – $839.7K
NOI $50,383 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,884 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 10516, NY
5,462
Population
2,603
Households
2.1
Avg Household Size
49
Median Age
62%
College-Educated
97%
High-School Grad
31.5 sq mi
ZIP Area
173
Density / Sq Mi
$135,922
Median Household Income
$75,236
Median Earnings
$1,798
Median Rent
$625,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two living areas have separate kitchens and utility meters, with a two-car garage and outdoor spaces.
Where is this duplex located?
The property is located at 2975 Route 9 Cold Spring, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Duplex configuration with a main residence and accessory apartment; 3,044 square feet on 1 acre; Separate electric and heat meters for the two units
