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Ranch-Style Income Duplex
For Sale
$410,000

40 Van Drive, Tannersville, NY 12485

MULTI_FAMILY - Ranch - Tannersville, NY

Property Size2,733 SF
Lot Size0.35 Acres
Price / SF$150.02
Days on Market170

Property Features for 40 Van Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning 01
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3
Basement Finished
Elementary school district Hunter-Tannersville
Middle school district Hunter-Tannersville
High school district Hunter-Tannersville
Directions Use GPS to 40 Van Drive
Subdivision Tannersville
Standard status Active
APN 182.06-1-29
Size 2,733 SF
Lot size 0.35 Acres

Taxes and HOA fees

Tax Annual Amount 2652

Building Details

Year built 1996
Number of units 2
Architectural style Ranch
Listing Agency: Keller Williams Realty HV Nort
Listed By: Teresa Falkowski
Added: Feb 12 Changed: Jul 30 Last Checked: Aug 1 at 1:06AM
MLS# 20260574

Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This ranch-style multi-family property is set up with two distinct living areas. The main level offers a 3-bedroom, 2-bath layout with a comfortable, connected living space that opens to a back deck. The fully finished lower level provides a separate 2-bedroom, 1-bath apartment that also includes an office. Additional improvements include municipal water and sewer service, underground electric service, and a large detached two-car garage with electric and automatic doors.

Located on the end of a private dead-end road in Tannersville, the home is described as being just steps from Main Street and within reach of local restaurants and coffee shops. The remarks also note proximity to outdoor recreation including Lake Rip Van Winkle Park, and that Hunter Mountain skiing is about 6 minutes away, supporting year-round use.

With its separate apartment configuration, the property can work for multiple living arrangements, including hosting extended family or creating a private guest suite. It also offers an income-oriented setup given the dedicated lower-level unit, and the public remarks state that short-term rental permits are available through the Town of Hunter. From a practical operations standpoint, the presence of municipal water/sewer and independent living spaces can support flexible day-to-day use for an owner-occupant or investor.

Key Highlights

  • 1996 ranch home in Tannersville, NY, set at the end of a private dead‑end road
  • Main level offers 3 bedrooms and 2 bathrooms
  • Fully finished lower level includes a separate 2‑bedroom, 1‑bath apartment with an office

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery 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

2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

120
Businesses Nearby

Demographics for 12485, NY

939
Population
815
Households
1.2
Avg Household Size
40
Median Age
18%
College-Educated
97%
High-School Grad
9.3 sq mi
ZIP Area
101
Density / Sq Mi
$85,455
Median Household Income
$27,177
Median Earnings
$1,212
Median Rent
$385,400
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 - Ranch home with a separate lower-level 2-bedroom apartment, municipal water/sewer, and a detached two-car garage.
Where is this duplex located?
The property is located at 40 Van Drive Tannersville, NY.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1996 ranch home in Tannersville, NY, set at the end of a private dead‑end road; Main level offers 3 bedrooms and 2 bathrooms; Fully finished lower level includes a separate 2‑bedroom, 1‑bath apartment with an office
More about this property
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