Updated Duplex with
New
For Sale
$399,900
4550-4552 Duanesburg Road, Princetown, NY 12056
MULTI_FAMILY - Princetown, NY
Property Size2,068 SF
Lot Size2.38 Acres
Price / SF$193.38
Days on Market7
Property Features for 4550-4552 Duanesburg Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2
Parking features
Driveway
Patio and Porch features
Deck
Interior features
Walk-In Closet(s)
Fireplace
1
High school district
000000
Directions
Thruway to Exit 25A, I-88 to first exit. Left onto Becker Rd, right onto Duanesburg Rd, follow for 3.5 miles, property will be on the right.
Standard status
Active
APN
422600 55.-1-8.2
Size
2,068 SF
Lot size
2.38 Acres
Taxes and HOA fees
Tax Annual Amount
5302
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Propane (Heating)
Water source
Well
Amenities
central air
deck
washer/dryer
Building Details
Year built
1988
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Aluminum
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 356-1701
Listed By:
Jennifer C Whipple
(518) 356-1701
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 4:06AM
MLS# 11922265
Copyright © 2026 My State 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 2,068-square-foot duplex, built in 1988, contains two residential units with matching layouts of 2 bedrooms and 1.5 bathrooms. Both units include updated kitchens and bathrooms, central air, newer mechanical systems, decks, and dedicated basement areas with washer and dryer connections. Interior features include walk-in closets, carpet and vinyl flooring, and a fireplace. The building has aluminum construction, an asphalt roof, propane forced-air heat, and driveway parking.
The property is located at 4550-4552 Duanesburg Road in Princetown, within the Schalmont School District. Water is supplied by a well and wastewater is handled by a septic tank. A garage is available for rental, providing an additional use option associated with the property.
The property is located at 4550-4552 Duanesburg Road in Princetown, within the Schalmont School District. Water is supplied by a well and wastewater is handled by a septic tank. A garage is available for rental, providing an additional use option associated with the property.
Key Highlights
- Duplex with 2,068 square feet of building area, constructed in 1988
- Each unit includes 2 bedrooms and 1.5 bathrooms
- Updated kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,551
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,020
$471.0K
Cap Rate 7%
$336,443
$336.4K
Cap Rate 9%
$261,678
$261.7K
Market Conditions
NOI Build-Up for 2,068 SF
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.
Gross rent
$36.0K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$33.6K $16.27/SF
− OpEx
−$10.1K −$4.88/SF
NOI
$23.6K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,020
Cap Rate 7%
$336,443
Cap Rate 9%
$261,678
Alternative Uses
Best Use
Multifamily LT 5
$336.4K
$294.4K – $392.5K
NOI $23,551 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,124 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$619.0K
$541.6K – $722.2K
NOI $43,329 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 12056, NY
2,192
Population
805
Households
2.7
Avg Household Size
50
Median Age
33%
College-Educated
99%
High-School Grad
18.8 sq mi
ZIP Area
117
Density / Sq Mi
$117,652
Median Household Income
$82,545
Median Earnings
$1,277
Median Rent
$346,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed kitchens and baths, central air, and basement laundry and storage areas.
Where is this duplex located?
The property is located at 4550-4552 Duanesburg Road Princetown, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex with 2,068 square feet of building area, constructed in 1988; Each unit includes 2 bedrooms and 1.5 bathrooms; Updated kitchens and bathrooms in both units
