Renovated Two-Unit
For Sale
$750,000
5 N Elm Street, Beacon, NY 12508
Each apartment has a separate entrance and private outdoor space, with off-street parking available.
Property Size2,018 SF
Price / SF$371.66
Days on Market93
Property Features for 5 N Elm Street
General Information
Standard status
Active
Size
2,018 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,127
Amenities
private outdoor space
off-street parking
picnic table for bar-b-quing
in-unit washer/dryer
dishwasher
gas stove
mini-split HVAC
ceiling fan
attic storage
basement storage
Building Details
Building Size
2,018 SF
Year Built
1890
Buildings
1
Stories
2
Listing Agency:
Daniel Aubry Realty, LLC
Listed By:
Daniel L. Aubry
(917) 647-6823
Source:
Hhir
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 27 at 4:22AM
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 Daniel Aubry Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,018-square-foot duplex contains two one-bedroom apartments, each with its own entrance and private outdoor space. The property was recently renovated, including new electrical and plumbing systems, and has a recently replaced roof. Both units have yellow pine wideboard floors and storage areas.
The second-floor apartment features a loft-like living and dining area with cathedral ceilings and exposed beams, an open kitchen, in-unit washer and dryer, and a Mitsubishi mini-split system. The first-floor unit includes an entry room that can serve as a home office, an eat-in kitchen, a full bathroom, and a spacious living room. Off-street parking serves the property, which is just off Main Street in Beacon.
The second-floor apartment features a loft-like living and dining area with cathedral ceilings and exposed beams, an open kitchen, in-unit washer and dryer, and a Mitsubishi mini-split system. The first-floor unit includes an entry room that can serve as a home office, an eat-in kitchen, a full bathroom, and a spacious living room. Off-street parking serves the property, which is just off Main Street in Beacon.
Key Highlights
- Two one‑bedroom apartments in a 2,018‑square‑foot duplex
- Separate entrances and private outdoor space for each apartment
- Recently renovated with new electrical and plumbing systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,442
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,840
$748.8K
Cap Rate 7%
$534,886
$534.9K
Cap Rate 9%
$416,022
$416.0K
Market Conditions
NOI Build-Up for 2,018 SF
Gross rent
$56.4K $27.96/SF
− Vacancy
−$2.9K −$1.45/SF
EGI
$53.5K $26.51/SF
− OpEx
−$16.0K −$7.95/SF
NOI
$37.4K $18.55/SF
Area
Dutchess County, NY
Vacancy
5.20%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,840
Cap Rate 7%
$534,886
Cap Rate 9%
$416,022
Alternative Uses
Best Use
Multifamily LT 5
$534.9K
$468.0K – $624.0K
NOI $37,442 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.8K
NOI $34,669 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$607.5K
$531.5K – $708.7K
NOI $42,522 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
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Business Placement
Demographics for 12508, NY
19,537
Population
8,798
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
14.4 sq mi
ZIP Area
1,357
Density / Sq Mi
$88,510
Median Household Income
$59,498
Median Earnings
$1,700
Median Rent
$401,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has a separate entrance and private outdoor space, with off-street parking available.
Where is this duplex located?
The property is located at 5 N Elm Street Beacon, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two one‑bedroom apartments in a 2,018‑square‑foot duplex; Separate entrances and private outdoor space for each apartment; Recently renovated with new electrical and plumbing systems
