Two-Unit
For Sale
$199,000
42 Washington Avenue, Rouses Point, NY 12979
Two separate two-bedroom residences offer a flexible configuration for rental or owner occupancy.
Property Size2,101 SF
Price / SF$94.72
Days on Market116
Property Features for 42 Washington Avenue
General Information
Standard status
Active
Size
2,101 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,786
Building Details
Building Size
2,101 SF
Year Built
1860
Stories
2
Listing Agency:
Kavanaugh Realty-Plattsburgh
(518) 562-4679
Listed By:
Michael Rowe · License #10401310470
(518) 593-9450
Source:
Homerootsrealty
Added: Jul 10
Changed: Oct 26
Last Checked: Oct 29 at 10:48PM
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 Kavanaugh Realty-Plattsburgh
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 2,101-square-foot duplex contains two units, each with two bedrooms. Built in 1860, the property offers a straightforward two-residence layout suited to rental use or occupancy in one unit alongside a tenant in the other.
The building is at 42 Washington Avenue in Rouses Point, with local shops, restaurants, schools, and the waterfront nearby. The Canadian border is minutes away, and Montreal is also within reach.
The building is at 42 Washington Avenue in Rouses Point, with local shops, restaurants, schools, and the waterfront nearby. The Canadian border is minutes away, and Montreal is also within reach.
Key Highlights
- Two units, each with two bedrooms
- 2,101 square feet of building area
- Built in 1860
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,938
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,760
$358.8K
Cap Rate 7%
$256,257
$256.3K
Cap Rate 9%
$199,311
$199.3K
Market Conditions
NOI Build-Up for 2,101 SF
Gross rent
$27.7K $13.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$25.6K $12.20/SF
− OpEx
−$7.7K −$3.66/SF
NOI
$17.9K $8.54/SF
Area
Clinton County, NY
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,760
Cap Rate 7%
$256,257
Cap Rate 9%
$199,311
Alternative Uses
Best Use
Multifamily LT 5
$256.3K
$224.2K – $299.0K
NOI $17,938 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$227.8K
$199.3K – $265.8K
NOI $15,947 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$579.2K
$506.8K – $675.7K
NOI $40,541 @ 7.0% cap · market cap 20.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 12979, NY
2,321
Population
1,344
Households
1.7
Avg Household Size
48
Median Age
20%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
553
Density / Sq Mi
$47,135
Median Household Income
$40,824
Median Earnings
$731
Median Rent
$180,500
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?
Duplex - Two separate two-bedroom residences offer a flexible configuration for rental or owner occupancy.
Where is this duplex located?
The property is located at 42 Washington Avenue Rouses Point, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two units, each with two bedrooms; 2,101 square feet of building area; Built in 1860
