Duplex with Covered
38 Northern Pines Road, Wilton, NY 12831
For Sale
$385,000
Two three-bedroom residences provide separate kitchens, laundry, storage, and outdoor areas.
Property Size2,504 SF
Price / SF$153.75
Days on Market27
Property Features for 38 Northern Pines Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
High Speed Internet
Paddle Fan
Garden
Building Details
Building Size
Year Built
Listing Agency:
Krutz Properties LLC
(518) 661-6115
Listed By:
Gina Ulrich
(518) 429-1623
Source:
Davalarealestate
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 8 at 2:57PM
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 Krutz Properties LLC
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with 3 bedrooms and 1.5 bathrooms. Both units include a kitchen with dining space, laundry, storage, and a covered porch. The 2,504-square-foot property was built in 1880, and the remarks note recent updates without specifying their scope.
Outdoor features include off-street parking, a patio with a fire pit, and a yard. The property is at 38 Northern Pines Rd in Wilton, with Saratoga Springs approximately 15 minutes away and Exit 16 of the Northway a short drive from the property.
Outdoor features include off-street parking, a patio with a fire pit, and a yard. The property is at 38 Northern Pines Rd in Wilton, with Saratoga Springs approximately 15 minutes away and Exit 16 of the Northway a short drive from the property.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- 2,504 square feet; built in 1880
- Separate kitchen, dining area, laundry, and storage in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,248
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,960
$665.0K
Cap Rate 7%
$474,971
$475.0K
Cap Rate 9%
$369,422
$369.4K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$63.1K $25.20/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$60.5K $24.14/SF
− OpEx
−$27.2K −$10.86/SF
NOI
$33.2K $13.28/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,960
Cap Rate 7%
$474,971
Cap Rate 9%
$369,422
Alternative Uses
Best Use
Multifamily LT 5
$530.9K
$464.5K – $619.4K
NOI $37,161 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$475.0K
$415.6K – $554.1K
NOI $33,248 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$749.5K
$655.8K – $874.4K
NOI $52,464 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 12831, NY
17,483
Population
7,228
Households
2.4
Avg Household Size
43
Median Age
44%
College-Educated
94%
High-School Grad
65.2 sq mi
ZIP Area
268
Density / Sq Mi
$100,833
Median Household Income
$59,278
Median Earnings
$1,361
Median Rent
$308,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Saratoga County, NY
Properties on Market for Duplexes in Saratoga County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences provide separate kitchens, laundry, storage, and outdoor areas.
Where is this duplex located?
The property is located at 38 Northern Pines Road Wilton, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 bathrooms; 2,504 square feet; built in 1880; Separate kitchen, dining area, laundry, and storage in each residence
