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    Renovated Multifamily Lodge Title is generated by Realmo AI

    60 County Route 65-A, Windham, NY 12496

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    Claim this Listing
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    For Sale
    $659,777

    MULTI_FAMILY - Other - Windham, NY

    Property size:
    2,240 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $294/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 60 County Route 65-A

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi Residence
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2
    Parking
    6
    Parking features
    Off Street, Driveway
    Spa
    1
    Window features
    Blinds, Window Treatments, Double Pane Windows
    Patio and Porch features
    Deck
    Interior features
    High Speed Internet, Ceramic Tile Bath
    Fireplace
    1
    Basement
    Crawl Space
    Standard status
    Active
    APN
    19460096-5-51
    Size
    2,240 SF
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3950

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1980
    Number of units
    2
    Flooring type
    Tile - Ceramic, Hardwood
    Building materials
    Clapboard, Wood Siding
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Douglas S Schenk
    Douglas S Schenk

    Listing agent Douglas S Schenk License #30SC0782781

    Listing office RE/MAX Capital 12 Wade Rd, Latham, NY

    Listing date Jun 3, 2026

    MLS# 202618698 Listing URL

    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.

    HighLights

    • Windham Creek Lodge built in 1980, used as a short‑term rental with a proven rental track record
    • Renovated in 2023‑2024: updated kitchens and baths, appliances, new furniture (both floors), and new electric water heaters
    • Two separate 2‑bedroom rental units or the full 4‑bedroom, 2 full‑bath house setup
    • Two new electric fireplaces and electric heat with baseboard heating
    • New air conditioning units plus window unit(s); 2 electric hot tubs feature (SpaYN: true) with a new electric hot tub outside
    • Utilities include well water and septic tank; 2 x 100‑amp, 220V electric services and 2‑car garage converted into a game/rec room

    Overview

    Windham Creek Lodge is a residential income property configured to operate either as two separate 2-bedroom units or as one whole 4-bedroom, 2 full-bath house. Renovations completed in 2023–2024 include updated kitchens and baths, new appliances, two new electric fireplaces, two new electric water heaters, new air conditioning units, and new furniture for both floors. The layout includes large open floorplans in both units and wrap-around decks. The exterior improvements include an electric hot tub, an outside fire pit, and a new electric vehicle car charger. Electrical service includes two 100-amp, 220V services, and the 2-car garage has been converted into a game/rec room.

    Located at 60 County Route 65-A in Windham, New York, the property is described as being just minutes from Windham Mountain and a short ride to Hunter Mountain, with a country setting that emphasizes privacy. The property is zoned Multi Residence in Greene County.

    This setup can appeal to an owner-operator or investor looking for flexibility in how the home is packaged and rented, with the option to market it as two separate units or as one combined house. Practical tenant fit includes groups or households that want open floorplans, multiple decks, and an arrangement that supports either shared occupancy across the two units or a single larger stay.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Windham
    County
    Greene
    State
    New York
    Longitude
    -74.214249
    Latitude
    42.289933

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    FAQs

    What type of property is this?
    Short term rental property - Renovated lodge offering flexible rental configuration as two units or one larger 4-bedroom home.
    Where is this short term rental property located?
    The property is located at 60 County Route 65-A Windham, NY.
    What is the asking price?
    The asking price for this property is $659,777.
    What are key features of this property?
    This property features: Windham Creek Lodge built in 1980, used as a short‑term rental with a proven rental track record; Renovated in 2023‑2024: updated kitchens and baths, appliances, new furniture (both floors), and new electric water heaters; Two separate 2‑bedroom rental units or the full 4‑bedroom, 2 full‑bath house setup
    (518) 221-2949
    We can help!
    Listing Contact
    Douglas S Schenk
    Douglas S Schenk
    Real Estate License ID: 30SC0782781
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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