Four-Family Investment
For Sale
$3,200,000
4-8 Donlo Dr, Fishkill, NY 12524
Three fully rented four-family properties totaling 35+ acres zoned RMF5 with separate electric meters.
Property Size8,928 SF
Lot Size35.00 Acres
Price / SF$358.42
Days on Market266
Property Features for 4-8 Donlo Dr
General Information
Standard status
Active
Size
8,928 SF
Lot size
35.00 Acres
Property subtype
Multi-Family
Zoning
RMF5
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
12
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
KW MidHudson
Listed By:
John Gabriel · License #NY40GA0557258
(845) 222-0751
Source:
Searchhomesinlongisland
Added: Jan 27
Changed: Oct 1
Last Checked: Oct 19 at 7:25AM
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 KW MidHudson
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes three separate fully rented four-family properties, each with 2-bedroom, 1-bath units. The configuration creates straightforward residential income across multiple buildings, with municipal water and sewer, natural gas, and separate electric meters for each unit.
The properties are located in the Town of Fishkill at 4-8 Donlo Dr, NY 12524. The seller notes convenient access to I-84 and Route 9, along with nearby shopping and dining. The property is zoned RMF5.
With RMF5 zoning and multiple existing income units, this asset may fit investors looking for a multi-building residential portfolio and developers evaluating redevelopment or expansion opportunities within the Town of Fishkill. Each unit’s separate electric meters can also simplify utility management for an owner-operator or acquiring investor.
The properties are located in the Town of Fishkill at 4-8 Donlo Dr, NY 12524. The seller notes convenient access to I-84 and Route 9, along with nearby shopping and dining. The property is zoned RMF5.
With RMF5 zoning and multiple existing income units, this asset may fit investors looking for a multi-building residential portfolio and developers evaluating redevelopment or expansion opportunities within the Town of Fishkill. Each unit’s separate electric meters can also simplify utility management for an owner-operator or acquiring investor.
Key Highlights
- 35+ acres in the Town of Fishkill with three fully rented four‑family properties
- Each unit offers 2 bedrooms and 1 bath across the three properties
- Zoned RMF5
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,652
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,313,040
$3.3M
Cap Rate 7%
$2,366,457
$2.4M
Cap Rate 9%
$1,840,578
$1.8M
Market Conditions
NOI Build-Up for 8,928 SF
Gross rent
$249.6K $27.96/SF
− Vacancy
−$13.0K −$1.45/SF
EGI
$236.6K $26.51/SF
− OpEx
−$71.0K −$7.95/SF
NOI
$165.7K $18.55/SF
Area
Dutchess County, NY
Vacancy
5.20%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,313,040
Cap Rate 7%
$2,366,457
Cap Rate 9%
$1,840,578
Alternative Uses
Best Use
Multifamily LT 5
$2.37M
$2.07M – $2.76M
NOI $165,652 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$2.19M
$1.92M – $2.56M
NOI $153,381 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,124 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 12524, NY
15,617
Population
6,702
Households
2.3
Avg Household Size
46
Median Age
36%
College-Educated
94%
High-School Grad
16.8 sq mi
ZIP Area
930
Density / Sq Mi
$95,713
Median Household Income
$59,017
Median Earnings
$1,806
Median Rent
$373,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three fully rented four-family properties totaling 35+ acres zoned RMF5 with separate electric meters.
Where is this quadplex located?
The property is located at 4-8 Donlo Dr Fishkill, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 35+ acres in the Town of Fishkill with three fully rented four‑family properties; Each unit offers 2 bedrooms and 1 bath across the three properties; Zoned RMF5
