Duplex with Bonus
3979 State Route 55, Bethel, NY 12720
For Sale
$179,000
Both units have two bedrooms, two full baths, and a second-floor bonus room with a skylight.
Property Size2,000 SF
Lot Size1.00 Acre
Price / SF$89.50
Days on Market17
Property Features for 3979 State Route 55
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Amenities
laundry area
attic storage
rear storage
backyard
Building Details
Year Built
Buildings
Stories
Listing Agency:
Eagle Valley Realty
Listed By:
Dawn J. Curreri · License NY #10311205176
(845) 252-3085
Source:
Jaida.mappmyhome
Added: Oct 25
Changed: Nov 8
Last Checked: Nov 10 at 12:13PM
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 Eagle Valley Realty
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Investment Insights
Based on property information with market context.
Built in 1931, this duplex has a similar two-level layout in each unit. The first floor includes a living room, eat-in kitchen, full bath, and laundry area; upstairs are two bedrooms, a bonus room with a skylight, another full bath, and attic storage. A 9' x 32' storage area sits at the rear of the house. The property needs work.
The duplex occupies approximately 1 acre of level land with a spacious backyard in Bethel, New York.
The duplex occupies approximately 1 acre of level land with a spacious backyard in Bethel, New York.
Key Highlights
- Two units, each with two bedrooms and two full baths
- Each unit includes a second‑floor bonus room with skylight and attic storage
- Rear storage area measures 9' x 32'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,945
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,900
$318.9K
Cap Rate 7%
$227,786
$227.8K
Cap Rate 9%
$177,167
$177.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$25.7K $12.84/SF
− Vacancy
−$2.9K −$1.45/SF
EGI
$22.8K $11.39/SF
− OpEx
−$6.8K −$3.42/SF
NOI
$15.9K $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%
$318,900
Cap Rate 7%
$227,786
Cap Rate 9%
$177,167
Alternative Uses
Best Use
Multifamily LT 5
$227.8K
$199.3K – $265.8K
NOI $15,945 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$218.1K
$190.9K – $254.5K
NOI $15,268 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 21.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 12720, NY
179
Population
109
Households
1.6
Avg Household Size
45
Median Age
53%
College-Educated
97%
High-School Grad
9.1 sq mi
ZIP Area
20
Density / Sq Mi
$64,066
Median Earnings
$404,700
Median Home Value
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Market
Properties on Market for Duplexes in Sullivan County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units have two bedrooms, two full baths, and a second-floor bonus room with a skylight.
Where is this duplex located?
The property is located at 3979 State Route 55 Bethel, NY.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and two full baths; Each unit includes a second‑floor bonus room with skylight and attic storage; Rear storage area measures 9' x 32'
