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Two-Unit Duplex with Two Decks
For Sale
$290,000

40 South Street, Waterford, NY 12188

Up-and-down duplex with bright open-concept kitchens, hardwood floors, fenced outdoor areas, and long-term tenant occupancy.

Property Size3,184 SF
Price / SF$91.08
Days on Market65

Property Features for 40 South Street

General Information

Standard status Active
Size 3,184 SF
Total Parking Spaces 2
Property subtype Multi-family
Occupancy 100%

Building Details

Year Built 1860
Buildings 1
Tenancy Multi
Listing Agency: Realty One Group Key
Listed By: Julie C Baker
Source: Signatureonerealtygroup
Added: May 29 Changed: Jul 31 Last Checked: Aug 1 at 2:39AM

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 Realty One Group Key

Investment Insights

Based on property information with market context.

Built in 1860, this up-and-down duplex contains two 1,592-square-foot units for a total of 3,184 square feet. Both residences feature modern, bright, open-concept kitchens, hardwood floors, and two decks. The property also includes large fenced lots with split outdoor areas and two off-street parking spaces.

Both levels are occupied by long-term tenants. The duplex can also be converted to a single-family residence, providing flexibility for an owner occupant or continued use as an investment property. The property is just minutes from RiverSpark and Peebles Island State Park, and steps from the Erie Canal waterfront Farmers Market and canal festivals on the promenade. Walking, biking, and boating opportunities are nearby.

Key Highlights

  • Two‑unit up‑and‑down duplex with 3,184 SF total
  • Each unit measures 1,592 SF
  • Modern, bright, open‑concept kitchens and hardwood floors

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

317
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Up-and-down duplex with bright open-concept kitchens, hardwood floors, fenced outdoor areas, and long-term tenant occupancy.
Where is this duplex located?
The property is located at 40 South Street Waterford, NY.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex with 3,184 SF total; Each unit measures 1,592 SF; Modern, bright, open‑concept kitchens and hardwood floors
More about this property
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