Two-Family Residential Income
For Sale
$389,000
Pending
34 Railroad Avenue, Pine Bush, NY 12566
MULTI_FAMILY - Pine Bush, NY
Property Size1,722 SF
Lot Size0.25 Acres
Days on Market39
Property Features for 34 Railroad Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway
Interior features
Eat-in Kitchen, Open Kitchen
Basement
Unfinished, Full
Elementary school
E J Russell Elementary School
Middle school
Crispell Middle School
High school
Pine Bush Senior High School
Elementary school district
Pine Bush
Middle school district
Pine Bush
High school district
Pine Bush
Standard status
Pending
APN
332600-004-000-0007-026.200-0000
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5187
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1890
Number of units
2
Listing Agency:
Real Estate Circuit Inc
(845) 344-1480
Listed By:
Michelle P Gruberger
(845) 800-3905
Added: Jun 23
Changed: Jul 30
Last Checked: Jul 31 at 6:06AM
MLS# 1017258
Copyright © 2026 OneKey MLS. 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 two-family residential income property includes two separate living units within a classic home configuration. Tax records reflect four total bedrooms and two full bathrooms, with two bedrooms and one bathroom attributed to each unit, though the current room layout differs by unit. A full walk-up attic provides additional storage, and there is also a detached garage for tenant or owner convenience.
The property sits on a generous quarter-acre lot and offers outdoor space, supporting flexible use and customization. It is located in-town in Pine Bush, with proximity to local shops, schools, and dining.
With two complete units, the building supports owner occupancy alongside rental income or continued residential income use. The layout also allows for a range of updates to tailor the home to future needs.
The property sits on a generous quarter-acre lot and offers outdoor space, supporting flexible use and customization. It is located in-town in Pine Bush, with proximity to local shops, schools, and dining.
With two complete units, the building supports owner occupancy alongside rental income or continued residential income use. The layout also allows for a range of updates to tailor the home to future needs.
Key Highlights
- Two‑family home with approx. 1,722 SF across two levels
- Year built 1890 with classic interior features including eat‑in kitchen and open kitchen
- Full walk‑up attic for additional storage
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 | $50.6k | $29.40 |
| − Vacancy | −$1.7k | −$1.01 |
| EGI | $48.9k | $28.39 |
| − OpEx | −$14.7k | −$8.52 |
| NOI | $34.2k | $19.88 |
1,722 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$489.0K
$427.8K – $570.5K
NOI $34,227 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$460.2K
$402.6K – $536.9K
NOI $32,211 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$583.2K
$510.3K – $680.4K
NOI $40,825 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 12566, NY
10,923
Population
4,454
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
55.8 sq mi
ZIP Area
196
Density / Sq Mi
$110,154
Median Household Income
$52,122
Median Earnings
$1,414
Median Rent
$333,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit home with detached garage, walk-up attic storage, and four bedrooms on a quarter-acre lot in Pine Bush, NY.
Where is this duplex located?
The property is located at 34 Railroad Avenue Pine Bush, NY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑family home with approx. 1,722 SF across two levels; Year built 1890 with classic interior features including eat‑in kitchen and open kitchen; Full walk‑up attic for additional storage
