2-Unit Ranch
39 Suncrest Drive, Waterford, NY 12188
For Sale
New
$370,000
MultiFamily, Waterford, NY
Property Size1,872 SF
Lot Size0.51 Acres
Price / SF$197.65
Days on Market4
Property Features for 39 Suncrest Drive
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Fencing
Lot features
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
laundry room
washers and dryers
fenced backyard
private patio
newer driveway
electric heat
air conditioning
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Julie & Co Realty LLC
(518) 350-7653
Listed By:
Lisa McTygue · License NY 40MC1086385
(518) 598-4098
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 202629924
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,872-square-foot ranch duplex contains two side-by-side apartments, each with two bedrooms, one full bathroom, a kitchen, dining area, living room, and laundry room. Washers and dryers are included in both units. The property sits on a 0.51-acre lot with a fenced backyard and a driveway providing off-street parking. Built in 1981, the home has electric baseboard heat and window air-conditioning units, with public water and sewer service.
Unit A is occupied under a month-to-month lease and has a new stove. Unit B was renovated three years ago, with a newer washer and dryer, toilet, and bathroom exhaust fan also noted. Both apartments have private patios and pull-down attic access. The property is zoned Multi Residence and is located in the Shenendehowa School District.
Unit A is occupied under a month-to-month lease and has a new stove. Unit B was renovated three years ago, with a newer washer and dryer, toilet, and bathroom exhaust fan also noted. Both apartments have private patios and pull-down attic access. The property is zoned Multi Residence and is located in the Shenendehowa School District.
Key Highlights
- Two apartments, each with two bedrooms and one full bathroom
- 1,872 square feet on a 0.51‑acre lot
- Unit A has a month‑to‑month tenant and a new stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,782
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,640
$555.6K
Cap Rate 7%
$396,886
$396.9K
Cap Rate 9%
$308,689
$308.7K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$41.6K $22.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$39.7K $21.20/SF
− OpEx
−$11.9K −$6.36/SF
NOI
$27.8K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,640
Cap Rate 7%
$396,886
Cap Rate 9%
$308,689
Alternative Uses
Best Use
Multifamily LT 5
$396.9K
$347.3K – $463.0K
NOI $27,782 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$355.1K
$310.7K – $414.3K
NOI $24,856 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$560.3K
$490.3K – $653.7K
NOI $39,222 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 12188, NY
11,035
Population
5,197
Households
2.1
Avg Household Size
43
Median Age
32%
College-Educated
94%
High-School Grad
13.0 sq mi
ZIP Area
849
Density / Sq Mi
$87,212
Median Household Income
$46,738
Median Earnings
$1,097
Median Rent
$278,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 first-floor apartments each include two bedrooms, a laundry room, and a private patio.
Where is this duplex located?
The property is located at 39 Suncrest Drive Waterford, NY.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and one full bathroom; 1,872 square feet on a 0.51‑acre lot; Unit A has a month‑to‑month tenant and a new stove
