Philmont Two-Unit Investment
For Sale
$285,000
Pending
52 Main Street, Philmont, NY 12565
Turnkey two-unit property with positive cash flow and mountain views.
Property Size1,566 SF
Days on Market204
Property Features for 52 Main Street
General Information
Standard status
Pending
Size
1,566 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,826
Building Details
Building Size
1,566 SF
Year Built
1894
Listing Agency:
Davala Real Estate, LLC
Listed By:
Heather Davala · License #10301219530
(518) 755-2385
Source:
Stonehouseproperties
Added: Mar 28
Changed: Oct 11
Last Checked: Oct 16 at 3:08PM
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 Davala Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the Village of Philmont, this two-unit property presents an investment opportunity with positive cash flow. Each unit includes 2 bedrooms and 1 full bath, along with updated interiors. Outdoor living spaces are provided, with a private porch for one apartment and a balcony for the other. One of the apartments features views of the Catskill Mountain range. Both units are currently rented, offering immediate income. As one of the last row houses in the village, the property combines historic charm with updates and village convenience. The property is an income-producing opportunity. Additional features include a dedicated off-road driveway and public water and sewer. The property size is 1566 square feet.
Key Highlights
- Immediate positive cash flow from two currently rented units.
- Sweeping Catskill Mountain views from Apartment Two's balcony.
- Turnkey property with updated interiors and exterior.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,782
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,640
$335.6K
Cap Rate 7%
$239,743
$239.7K
Cap Rate 9%
$186,467
$186.5K
Market Conditions
NOI Build-Up for 1,566 SF
Gross rent
$25.4K $16.20/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$24.0K $15.31/SF
− OpEx
−$7.2K −$4.59/SF
NOI
$16.8K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,640
Cap Rate 7%
$239,743
Cap Rate 9%
$186,467
Alternative Uses
Best Use
Multifamily LT 5
$239.7K
$209.8K – $279.7K
NOI $16,782 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$210.4K
$184.1K – $245.5K
NOI $14,728 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$387.4K
$339.0K – $452.0K
NOI $27,121 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 12565, NY
1,402
Population
744
Households
1.9
Avg Household Size
43
Median Age
26%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
1,001
Density / Sq Mi
$62,972
Median Household Income
$32,734
Median Earnings
$1,036
Median Rent
$215,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey two-unit property with positive cash flow and mountain views.
Where is this duplex located?
The property is located at 52 Main Street Philmont, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Immediate positive cash flow from two currently rented units.; Sweeping Catskill Mountain views from Apartment Two's balcony.; Turnkey property with updated interiors and exterior.
