Three-Home Manufactured Housing
For Sale
$275,000
348 Vandeusen Road, Davenport, NY 13750
Residential, Davenport, NY
Property Size1,280 SF
Lot Size1.00 Acre
Price / SF$214.84
Days on Market51
Property Features for 348 Vandeusen Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 6, Bathroom 1
Parking features
Paved or Surfaced
Patio and Porch features
Porch, Deck
Interior features
CeilingFans, SlidingGlassDoors
Exterior features
Deck, PropaneTankLeased
Appliances
ElectricWaterHeater
Lot features
Rectangular, Rectangular Lot, Rural Lot
Elementary school district
Charlotte Valley
Middle school district
Charlotte Valley
High school district
Charlotte Valley
Subdivision
Davenport-122600
Standard status
Active
APN
122600-017-000-0002-017-000
Size
1,280 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
1933
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Forced Air, Electric (Heating), Propane (Heating)
Water source
Well
Building Details
Year built
2008
Floors in Building
1
Number of units
3
Flooring type
Carpet, Varies, Laminate
Building materials
AluminumSiding, VinylSiding
Roof type
Asphalt, Shingle, Metal
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 746-3000
Listed By:
Susan Muther · License #10401290369
(607) 435-0470
Added: Jul 31
Changed: Sep 16
Last Checked: Sep 19 at 3:06PM
MLS# R1703429
Copyright © 2026 New York State Alliance of MLSs, LLC. 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 one-acre mobile home park includes three park-owned, single-wide manufactured homes, all occupied by rent-paying residents. The homes provide a combined mix of 8 bedrooms and 5 full bathrooms, with porches or decks, paved parking, and individual updates to appliances, heating, and electrical systems. The reported work was approved by town code enforcement.
Site infrastructure includes two septic systems, installed in 2008 and 2023, plus approved water and electrical service. The property is served by a well and septic tanks, with propane and electric heating systems represented among the homes. Located in Davenport, the property is near Oneonta, Hobart, and Delhi, providing access to employment, schools, and shopping in those communities. The three residences are currently occupied and producing rental income.
Site infrastructure includes two septic systems, installed in 2008 and 2023, plus approved water and electrical service. The property is served by a well and septic tanks, with propane and electric heating systems represented among the homes. Located in Davenport, the property is near Oneonta, Hobart, and Delhi, providing access to employment, schools, and shopping in those communities. The three residences are currently occupied and producing rental income.
Key Highlights
- One‑acre site with 3 park‑owned manufactured homes
- Three occupied single‑wide units with an 8‑bedroom, 5‑bathroom total
- Unit mix includes 3‑bedroom/2‑bath, 3‑bedroom/1‑bath, and 2‑bedroom/2‑bath homes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,586
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$271,720
$271.7K
Cap Rate 7%
$194,086
$194.1K
Cap Rate 9%
$150,956
$151.0K
Market Conditions
NOI Build-Up for 1,280 SF
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.
Gross rent
$26.1K $20.40/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$24.7K $19.30/SF
− OpEx
−$11.1K −$8.68/SF
NOI
$13.6K $10.61/SF
Area
Delaware County, NY
Vacancy
5.40%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$271,720
Cap Rate 7%
$194,086
Cap Rate 9%
$150,956
Alternative Uses
Best Use
Apartment 5plus
$194.1K
$169.8K – $226.4K
NOI $13,586 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,960 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 13750, NY
936
Population
499
Households
1.9
Avg Household Size
47
Median Age
44%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
39
Density / Sq Mi
$64,940
Median Household Income
$47,770
Median Earnings
$788
Median Rent
$168,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Three occupied single-wide homes share established water, electrical, septic, and paved parking infrastructure.
Where is this mobile home & rv park located?
The property is located at 348 Vandeusen Road Davenport, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: One‑acre site with 3 park‑owned manufactured homes; Three occupied single‑wide units with an 8‑bedroom, 5‑bathroom total; Unit mix includes 3‑bedroom/2‑bath, 3‑bedroom/1‑bath, and 2‑bedroom/2‑bath homes
