Two-Residence Multifamily
New
For Sale
$750,000
601 Dunbar Road, Greenwich, NY 12834
The property pairs a renovated barn-style home with a separate cottage, each with its own well and septic system.
Property Size3,000 SF
Lot Size14.80 Acres
Price / SF$250
Days on Market6
Property Features for 601 Dunbar Road
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
20
Lot size
14.80 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,315
Building Details
Year Built
1980
Buildings
2
Listing Agency:
Gabler Realty LLC
Listed By:
Mary Canova
(518) 928-9797
Source:
Capmarkrealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 9 at 5:19PM
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 Gabler Realty LLC
Investment Insights
Based on property information with market context.
Set on 14.8 acres, the property includes two detached residences and a large red barn. The post-and-beam home has two bedrooms, 1.5 baths, a two-story great room, a loft, and a kitchen with a center island and pantry. The one-bedroom cottage includes one bath, a vaulted family room addition, an updated kitchen, and a deck. Each home has its own well and septic system; the cottage also has a generator. The residences were built in 1980, and both have FIOS internet service.
The barn-style home faces Mount Equinox, while the cottage looks toward mountain ranges and foothills. The property is approximately 10 minutes from grocery shopping, about 20 miles from Saratoga and Saratoga Lake, and 21 miles from Bennington, Vermont.
The barn-style home faces Mount Equinox, while the cottage looks toward mountain ranges and foothills. The property is approximately 10 minutes from grocery shopping, about 20 miles from Saratoga and Saratoga Lake, and 21 miles from Bennington, Vermont.
Key Highlights
- 14.8 acres with two detached homes and a large red barn
- Barn‑style home has 2 bedrooms and 1.5 baths; cottage has 1 bedroom and 1 bath
- Each residence has its own well and septic system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,971
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,420
$619.4K
Cap Rate 7%
$442,443
$442.4K
Cap Rate 9%
$344,122
$344.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$59.4K $19.80/SF
− Vacancy
−$3.1K −$1.03/SF
EGI
$56.3K $18.77/SF
− OpEx
−$25.3K −$8.45/SF
NOI
$31.0K $10.32/SF
Area
Washington County, NY
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,420
Cap Rate 7%
$442,443
Cap Rate 9%
$344,122
Alternative Uses
Best Use
Apartment 5plus
$442.4K
$387.1K – $516.2K
NOI $30,971 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$744.3K
$651.2K – $868.3K
NOI $52,099 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 12834, NY
6,396
Population
2,996
Households
2.1
Avg Household Size
47
Median Age
29%
College-Educated
95%
High-School Grad
84.6 sq mi
ZIP Area
76
Density / Sq Mi
$82,931
Median Household Income
$49,513
Median Earnings
$1,154
Median Rent
$234,900
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - The property pairs a renovated barn-style home with a separate cottage, each with its own well and septic system.
Where is this multifamily property located?
The property is located at 601 Dunbar Road Greenwich, 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: 14.8 acres with two detached homes and a large red barn; Barn‑style home has 2 bedrooms and 1.5 baths; cottage has 1 bedroom and 1 bath; Each residence has its own well and septic system
