Duplex with Private
5 Deer Path Drive Colonie, NY 12205
5 Deer Path Drive, Colonie, NY, 12205
$415,000
For Sale
$415,000
Two-unit duplex offers off-street parking, upper and lower decks, and walk-out basement with laundry hook-ups.
Property Size1,904 SF
Price / SF$217.96
Days on Market75
Property Features for 5 Deer Path Drive
General Information
- Standard status
- Active
- Size
- 1,904 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1975
Listing agency
Staged Nest Real Estate LLC
(518) 265-9295
Listed by
Frances P Callahan · License #30CA0949290
(518) 265-9295
Source
Compass
Added: May 9 Updated: Jul 22 at 10:53AM Checked: Jul 22 at 10:53AM
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 Staged Nest Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex includes two living units with a layout that provides basement access from the first-floor unit and a walk-out basement configuration. Exterior features include an upper and a lower deck, plus an 8-by-16 storage shed. Laundry hook-ups are located in the basement for tenant use, with tenants paying their own gas and electric. The property also includes two off-street parking spaces.
Recent improvements noted in the remarks include a roof installed in 2021, water heaters from 2020, and furnaces from 2017. The furnaces include coil for air conditioning. The upper-level primary bedroom features a walk-in closet.
The building presents as a well-maintained residential income property with separate utility responsibility for tenants and practical shared-building amenities like basement laundry access and multiple outdoor spaces.
Recent improvements noted in the remarks include a roof installed in 2021, water heaters from 2020, and furnaces from 2017. The furnaces include coil for air conditioning. The upper-level primary bedroom features a walk-in closet.
The building presents as a well-maintained residential income property with separate utility responsibility for tenants and practical shared-building amenities like basement laundry access and multiple outdoor spaces.
Key Highlights
- 1975‑built duplex with walk‑out full basement (exterior and interior entry) and unfinished basement space
- Upper and lower decks plus a deck for outdoor space
- Two off‑street parking spaces
Local 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 | $33.1k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $31.0k | $16.27 |
| − OpEx | −$9.3k | −$4.88 |
| NOI | $21.7k | $11.39 |
1,904 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.8K
$271.0K – $361.4K
NOI $21,683 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$277.8K
$243.1K – $324.2K
NOI $19,449 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$502.3K
$439.5K – $586.1K
NOI $35,163 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex offers off-street parking, upper and lower decks, and walk-out basement with laundry hook-ups.
Where is this duplex located?
The property is located at 5 Deer Path Drive Colonie, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1975‑built duplex with walk‑out full basement (exterior and interior entry) and unfinished basement space; Upper and lower decks plus a deck for outdoor space; Two off‑street parking spaces
