Two-Family Duplex with
New
For Sale
$575,000
304 Grooms Rd, Halfmoon, NY 12065
Separate residences offer three-bedroom, two-bath and two-bedroom, one-bath layouts.
Property Size2,444 SF
Price / SF$235.27
Days on Market3
Property Features for 304 Grooms Rd
General Information
Standard status
Active
Size
2,444 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1971
Buildings
1
Listing Agency:
Re Max Capital
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Oct 7
Last Checked: Oct 7 at 2:15PM
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 Re Max Capital
Investment Insights
Based on property information with market context.
Built in 1971, this 2,444-square-foot duplex contains two updated residences. The upper unit has three bedrooms, two bathrooms, a living room, and a sunroom. The lower unit includes two bedrooms, one bathroom, a dining room, and a private rear patio; it is currently rented.
The property has a large backyard and ample parking. It is in the Shenendehowa school district, with access to I-87, shopping, dining, and parks.
The property has a large backyard and ample parking. It is in the Shenendehowa school district, with access to I-87, shopping, dining, and parks.
Key Highlights
- 2,444‑square‑foot duplex built in 1971
- Upper unit: 3 bedrooms, 2 bathrooms, living room, and sunroom
- Lower unit: 2 bedrooms, 1 bathroom, dining room, and private back patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,271
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,420
$725.4K
Cap Rate 7%
$518,157
$518.2K
Cap Rate 9%
$403,011
$403.0K
Market Conditions
NOI Build-Up for 2,444 SF
Gross rent
$54.3K $22.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$51.8K $21.20/SF
− OpEx
−$15.5K −$6.36/SF
NOI
$36.3K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,420
Cap Rate 7%
$518,157
Cap Rate 9%
$403,011
Alternative Uses
Best Use
Multifamily LT 5
$518.2K
$453.4K – $604.5K
NOI $36,271 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$463.6K
$405.6K – $540.9K
NOI $32,451 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$731.5K
$640.1K – $853.5K
NOI $51,207 @ 7.0% cap · market cap 8.91%
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
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 12065, NY
43,893
Population
19,506
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
35.1 sq mi
ZIP Area
1,251
Density / Sq Mi
$115,681
Median Household Income
$61,692
Median Earnings
$1,419
Median Rent
$356,900
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?
Duplex - Separate residences offer three-bedroom, two-bath and two-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 304 Grooms Rd Halfmoon, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,444‑square‑foot duplex built in 1971; Upper unit: 3 bedrooms, 2 bathrooms, living room, and sunroom; Lower unit: 2 bedrooms, 1 bathroom, dining room, and private back patio
