Duplex with Garage
For Sale
$450,000
Pending
3648 Horseshoe Dr, Valatie, NY 12184
Two one-bedroom units are paired with substantial garage area and additional land.
Property Size2,340 SF
Days on Market56
Property Features for 3648 Horseshoe Dr
General Information
Standard status
Pending
Size
2,340 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Building Details
Year Built
1970
Construction
pole barn
Listing Agency:
Next Chapter Real Estate Advisors
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Aug 23
Changed: Oct 16
Last Checked: Oct 16 at 9:11AM
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 Next Chapter Real Estate Advisors
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Investment Insights
Based on property information with market context.
This 2,340-square-foot duplex contains two one-bedroom units within a distinctive pole-barn-style structure. Built in 1970, the property includes extensive garage area and accompanying land, providing substantial room for vehicles, workshops, storage, or other projects. The roof requires replacement and should be addressed as part of the property’s physical improvements.
Located at 3648 Horseshoe Dr in Valatie, New York, the property combines a two-unit configuration with an uncommon building layout and significant accessory space. Its residential setup and large garage component create a property profile that differs from a conventional duplex.
Located at 3648 Horseshoe Dr in Valatie, New York, the property combines a two-unit configuration with an uncommon building layout and significant accessory space. Its residential setup and large garage component create a property profile that differs from a conventional duplex.
Key Highlights
- Two one‑bedroom units in a duplex configuration
- 2,340‑square‑foot property built in 1970
- Pole‑barn‑style structure with a distinctive layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,076
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,520
$501.5K
Cap Rate 7%
$358,229
$358.2K
Cap Rate 9%
$278,622
$278.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$37.9K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$35.8K $15.31/SF
− OpEx
−$10.7K −$4.59/SF
NOI
$25.1K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,520
Cap Rate 7%
$358,229
Cap Rate 9%
$278,622
Alternative Uses
Best Use
Multifamily LT 5
$358.2K
$313.5K – $417.9K
NOI $25,076 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$314.4K
$275.1K – $366.8K
NOI $22,008 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$578.9K
$506.6K – $675.4K
NOI $40,525 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
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Business Placement
Demographics for 12184, NY
7,178
Population
3,415
Households
2.1
Avg Household Size
48
Median Age
38%
College-Educated
94%
High-School Grad
39.4 sq mi
ZIP Area
182
Density / Sq Mi
$91,616
Median Household Income
$52,946
Median Earnings
$1,131
Median Rent
$311,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units are paired with substantial garage area and additional land.
Where is this duplex located?
The property is located at 3648 Horseshoe Dr Valatie, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two one‑bedroom units in a duplex configuration; 2,340‑square‑foot property built in 1970; Pole‑barn‑style structure with a distinctive layout
