Duplex Property with Driveway
New
For Sale
$365,000
478 Route 9W, Glenmont, NY 12077
MULTI_FAMILY - Other - Glenmont, NY
Property Size1,974 SF
Lot Size2.60 Acres
Price / SF$184.90
Days on Market4
Property Features for 478 Route 9W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3
Parking
8
Parking features
Driveway
Fireplace
1
Basement
Full
High school
Bethlehem Central
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
From the round about in Glenmont Center take Route 9W south, home is on the left, if you get to beacon Road and Asprion Road, you've gone too far south.
Standard status
Active
APN
012200 97.00-2-3
Size
1,974 SF
Lot size
2.60 Acres
Taxes and HOA fees
Tax Annual Amount
6377
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Hot Water(Heating)
Water source
Public
Building Details
Year built
1880
Number of units
2
Flooring type
Wood
Building materials
Aluminum Siding, Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 439-9600
Listed By:
Faith M Fierro · License #40FI0492598
(518) 210-5703
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 20 at 10:06AM
MLS# 202624303
Copyright © 2026 Global MLS, Inc. 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 duplex property contains 1974 square feet and was built in 1880. The residence includes three bedrooms, two bathrooms, wood flooring, aluminum and wood siding, an asphalt roof, and a fireplace. Heating is provided through baseboard, oil, and hot water systems, with driveway parking available.
Located at 478 Route 9W in Glenmont, New York, the property occupies 2.6 acres. Public water and public sewer serve the site.
Located at 478 Route 9W in Glenmont, New York, the property occupies 2.6 acres. Public water and public sewer serve the site.
Key Highlights
- Duplex property with 1974 square feet of building area
- Set on 2.6 acres at 478 Route 9W, Glenmont, NY 12077
- Three bedrooms and two bathrooms
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
$22,793
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
6.24%
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%
$455,860
$455.9K
Cap Rate 7%
$325,614
$325.6K
Cap Rate 9%
$253,256
$253.3K
Market Conditions
NOI Build-Up for 1,974 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
$34.3K $17.40/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$32.6K $16.50/SF
− OpEx
−$9.8K −$4.95/SF
NOI
$22.8K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
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%
$455,860
Cap Rate 7%
$325,614
Cap Rate 9%
$253,256
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,793 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$301.2K
$263.6K – $351.4K
NOI $21,085 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$616.0K
$539.0K – $718.6K
NOI $43,118 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 12077, NY
6,739
Population
2,742
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
667
Density / Sq Mi
$125,370
Median Household Income
$68,599
Median Earnings
$1,533
Median Rent
$345,900
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-unit residential property with public water and sewer service.
Where is this duplex located?
The property is located at 478 Route 9W Glenmont, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Duplex property with 1974 square feet of building area; Set on 2.6 acres at 478 Route 9W, Glenmont, NY 12077; Three bedrooms and two bathrooms
