Triplex Cottage
New
For Sale
$535,000
376 Cypert Road, Woodbourne, NY 12788
Residential Income, Woodbourne, NY
Property Size3,008 SF
Lot Size11.00 Acres
Price / SF$177.86
Days on Market2
Property Features for 376 Cypert Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES-MULTI
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 9
Parking features
Driveway
Patio and Porch features
Porch
Appliances
Washer/Dryer, Refrigerator, Range, Free-Standing Range, Free-Standing Refrigerator
Lot features
Back Yard, Front Yard, Level, Many Trees, Open Lot
Elementary school district
Tri-Valley Central
Middle school district
Tri-Valley Central
High school district
Tri-Valley Central
Directions
PLEASE USE GPS FOR DIRECTIONS
Subdivision
Sullivan
Standard status
Active
APN
9-1-23.2
Size
3,008 SF
Lot size
11.00 Acres
Taxes and HOA fees
Tax Annual Amount
7522
Utilities
Sewer type
Shared Septic, Septic Tank
Heating system
Electric (Heating), Baseboard
Amenities
community room
Building Details
Year built
1940
Floors in Building
1
Number of units
3
Flooring type
Tile, Hardwood, Linoleum, Vinyl
Roof type
Asphalt
Architectural style
Bungalow, Cottage
Additional Structures
Storage
Listing Agency:
Coldwell Banker Village Green · Coldwell Banker Real Estate
(845) 679-2255
Listed By:
Nicole Polito
(845) 430-2045
Added: Oct 6
Last Checked: Oct 7 at 10:06PM
MLS# 20265911
Copyright © 2026 Hudson Valley Catskill Region 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 3,008-square-foot property comprises three cottages and a fourth cottage used for storage. A garage, separate shed, and community room are also on the grounds. Built in 1940, the cottages have bungalow-style architecture, porches, and a mix of tile, hardwood, linoleum, and vinyl flooring. Heating is electric baseboard, and the property is served by septic systems.
The 11-acre site is in Woodbourne, New York, and includes driveway parking. The fourth cottage is currently used for storage; the property is zoned RES-MULTI.
The 11-acre site is in Woodbourne, New York, and includes driveway parking. The fourth cottage is currently used for storage; the property is zoned RES-MULTI.
Key Highlights
- Three cottages on an 11‑acre property
- 3,008 square feet across the property
- Fourth cottage currently used for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,981
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,620
$479.6K
Cap Rate 7%
$342,586
$342.6K
Cap Rate 9%
$266,456
$266.5K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$38.6K $12.84/SF
− Vacancy
−$4.4K −$1.45/SF
EGI
$34.3K $11.39/SF
− OpEx
−$10.3K −$3.42/SF
NOI
$24.0K $7.97/SF
Area
Sullivan County, NY
Vacancy
11.30%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,620
Cap Rate 7%
$342,586
Cap Rate 9%
$266,456
Alternative Uses
Best Use
Multifamily LT 5
$342.6K
$299.8K – $399.7K
NOI $23,981 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$328.0K
$287.0K – $382.7K
NOI $22,963 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$825.1K
$721.9K – $962.6K
NOI $57,754 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 12788, NY
3,596
Population
1,341
Households
2.7
Avg Household Size
45
Median Age
16%
College-Educated
79%
High-School Grad
22.2 sq mi
ZIP Area
162
Density / Sq Mi
$86,176
Median Household Income
$58,102
Median Earnings
$907
Median Rent
$255,900
Median Home Value
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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?
Triplex - Three cottages, a separate storage cottage, and shared accessory buildings occupy a wooded 11-acre parcel.
Where is this triplex located?
The property is located at 376 Cypert Road Woodbourne, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Three cottages on an 11‑acre property; 3,008 square feet across the property; Fourth cottage currently used for storage
