Duplex With Detached
For Sale
Contact for pricing
420 Rhinecliff Road, Rhinecliff, NY 12572
Legal two-family property with separate apartments suited to rental use or multigenerational living.
Property Size2,906 SF
Price / SF$242.60
Days on Market10
Property Features for 420 Rhinecliff Road
General Information
Standard status
Active
Size
2,906 SF
Property subtype
Multifamily
Zoning
RA10
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1860
Stories
2
Units
2
Listing Agency:
Four Seasons Sotheby's Int.
Listed By:
Juliana Botta · License #10401289918
Source:
Crexi
Added: Jul 27
Changed: Aug 5
Last Checked: Aug 5 at 4:03AM
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 Four Seasons Sotheby's Int.
Investment Insights
Based on property information with market context.
Located at 420 Rhinecliff Road, this legal duplex contains 2,906 square feet and was built in 1860. The layout includes a 2-bedroom apartment on the first floor and a 3-bedroom apartment on the upper level, providing distinct residential spaces within one property. The home is zoned RA10 and spans two parcels totaling nearly one acre.
Recent improvements include a new roof and HVAC system installed in 2026, along with a hot water heater and sump pump added in 2022. A detached garage on the adjoining parcel has also received a new roof. The property is near the Rhinecliff Amtrak station and minutes from Rhinebeck village. The upper-level kitchen could be reconfigured into an ensuite primary bathroom with private rear-deck access, while garage conversion ideas remain subject to town approval.
Recent improvements include a new roof and HVAC system installed in 2026, along with a hot water heater and sump pump added in 2022. A detached garage on the adjoining parcel has also received a new roof. The property is near the Rhinecliff Amtrak station and minutes from Rhinebeck village. The upper-level kitchen could be reconfigured into an ensuite primary bathroom with private rear-deck access, while garage conversion ideas remain subject to town approval.
Key Highlights
- Legal two‑family duplex with 2‑bedroom and 3‑bedroom apartments
- 2,906 square feet on two parcels totaling nearly one acre
- New roof and HVAC system installed in 2026
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.3k | $27.96 |
| − Vacancy | −$4.2k | −$1.45 |
| EGI | $77.0k | $26.51 |
| − OpEx | −$23.1k | −$7.95 |
| NOI | $53.9k | $18.55 |
2,906 SF · lease $27.96/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$770.3K
$674.0K – $898.7K
NOI $53,919 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$713.2K
$624.1K – $832.1K
NOI $49,924 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$874.8K
$765.4K – $1.02M
NOI $61,233 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 12572, NY
9,258
Population
4,785
Households
1.9
Avg Household Size
55
Median Age
51%
College-Educated
95%
High-School Grad
51.0 sq mi
ZIP Area
182
Density / Sq Mi
$96,377
Median Household Income
$59,583
Median Earnings
$1,631
Median Rent
$458,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with separate apartments suited to rental use or multigenerational living.
Where is this duplex located?
The property is located at 420 Rhinecliff Road Rhinecliff, NY.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: Legal two‑family duplex with 2‑bedroom and 3‑bedroom apartments; 2,906 square feet on two parcels totaling nearly one acre; New roof and HVAC system installed in 2026
