Duplex with Three-Season
New
For Sale
$257,000
32 Lovers Lane, New Lebanon, NY 12125
MultiFamily, New Lebanon, NY
Property Size2,230 SF
Lot Size0.36 Acres
Price / SF$115.25
Days on Market2
Property Features for 32 Lovers Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 2
Parking
4
Parking features
Off Street, Driveway
Window features
Insulated Windows, Double Pane Windows, Screens
Basement
Interior Entry, Sump Pump, Unfinished, Full
Lot features
Cleared
Elementary school district
New Lebanon
Middle school district
New Lebanon
High school district
New Lebanon
Directions
Lovers Lane off of route 20 in New Lebanon across from the car wash, first house on the right.
Standard status
Active
APN
104800 19.2-1-14
Size
2,230 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Annual Amount
3269
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating)
Water source
Well
Building Details
Year built
1930
Number of units
2
Flooring type
Hardwood, Laminate
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 758-1300
Listed By:
Sharon M McArdle · License #10401288788
(518) 461-2850
Added: Oct 16
Last Checked: Oct 17 at 4:06AM
MLS# 202628378
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.
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Investment Insights
Based on property information with market context.
This 2,230-square-foot duplex contains two apartments, each with three bedrooms, one full bathroom, a kitchen, and separate living and dining rooms. Both units also include a three-season room with a glass wall. Hardwood and laminate flooring, vinyl siding, and original woodwork are among the property’s features. Two electric meters and two hot-water boilers serve the building, which was constructed in 1930.
The property occupies 0.36 acres on Lovers Lane in New Lebanon. It has a well and septic system, along with a driveway and off-street parking. The listing notes access to Chatham, Hudson, the Berkshires, Taconic State Parkway, and I-87; Albany is described as less than 30 minutes away.
The property occupies 0.36 acres on Lovers Lane in New Lebanon. It has a well and septic system, along with a driveway and off-street parking. The listing notes access to Chatham, Hudson, the Berkshires, Taconic State Parkway, and I-87; Albany is described as less than 30 minutes away.
Key Highlights
- Two apartments, each with three bedrooms and one full bathroom
- 2,230 square feet on a 0.36‑acre lot
- Three‑season room in each apartment, with a glass wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,973
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,460
$419.5K
Cap Rate 7%
$299,614
$299.6K
Cap Rate 9%
$233,033
$233.0K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$40.1K $18.00/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$38.1K $17.10/SF
− OpEx
−$17.2K −$7.69/SF
NOI
$21.0K $9.41/SF
Area
Columbia County, NY
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,460
Cap Rate 7%
$299,614
Cap Rate 9%
$233,033
Alternative Uses
Best Use
Multifamily LT 5
$341.4K
$298.7K – $398.3K
NOI $23,897 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$299.6K
$262.2K – $349.6K
NOI $20,973 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$551.7K
$482.8K – $643.7K
NOI $38,620 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 12125, NY
1,478
Population
619
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
96%
High-School Grad
16.0 sq mi
ZIP Area
92
Density / Sq Mi
$67,596
Median Household Income
$41,489
Median Earnings
$983
Median Rent
$247,500
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 - Each apartment has three bedrooms, a full bath, a kitchen, and separate living and dining rooms.
Where is this duplex located?
The property is located at 32 Lovers Lane New Lebanon, NY.
What is the asking price?
The asking price for this property is $257,000.
What are key features of this property?
This property features: Two apartments, each with three bedrooms and one full bathroom; 2,230 square feet on a 0.36‑acre lot; Three‑season room in each apartment, with a glass wall
