Historic Duplex with Two-Car
For Sale
$1,049,000
61 Schenck Avenue, Beacon, NY 12508
Residential Income, Beacon, NY
Property Size2,136 SF
Lot Size0.11 Acres
Price / SF$491.10
Days on Market57
Property Features for 61 Schenck Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4
Parking
2
Parking features
Driveway, Off Street, Garage
Window features
Double Pane Windows, Insulated Windows, Screens
Patio and Porch features
Deck
Interior features
First Floor Bedroom, First Floor Full Bath, Built-in Features, Chandelier, Crown Molding, High Ceilings, High Speed Internet, Natural Woodwork, Original Details, Soaking Tub, Storage
Exterior features
Lighting, Mailbox
Fencing
Fenced
Basement
Unfinished
Lot features
Back Yard, City Lot, Level
Elementary school
J V Forrestal Elementary School
Middle school
Rombout Middle School
High school
Beacon
Elementary school district
Beacon
Middle school district
Beacon
High school district
Beacon
Standard status
Active
APN
130200-6054-29-093816-0000
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7537
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Hot Water(Heating), Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
private back deck
large attic
hardwood flooring
original staircases
preserved woodwork
built-ins
clawfoot tub
Building Details
Year built
1870
Number of units
2
Flooring type
Tile, Hardwood, Wood, Combination
Building materials
Frame, Stone
Additional Structures
Storage
Listing Agency:
HomeCoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(404) 388-9441
Added: Jul 25
Changed: Sep 18
Last Checked: Sep 19 at 5:06AM
MLS# 1030596
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1870, this 2,136-square-foot duplex retains original woodwork, built-ins, hardwood flooring, high ceilings, tall windows, and two distinctive staircases. The property contains two residences, each with more than 1,000 square feet of living space, along with generously sized kitchens and distinctive bathrooms. A private rear deck overlooks Mount Beacon, while the full-staircase attic adds storage and usable space. The detached two-car garage includes a loft, and public water and sewer serve the property.
Located two blocks from Main Street in Beacon, the home is near restaurants, boutiques, galleries, and a historic theater. The existing two-family configuration can remain in place, while the interior layout also supports alternative residential arrangements such as a single larger residence, guest quarters, or dedicated work-from-home space.
Located two blocks from Main Street in Beacon, the home is near restaurants, boutiques, galleries, and a historic theater. The existing two-family configuration can remain in place, while the interior layout also supports alternative residential arrangements such as a single larger residence, guest quarters, or dedicated work-from-home space.
Key Highlights
- 2,136 square feet of finished living space configured as a two‑family residence
- Built in 1870 with original woodwork, built‑ins, hardwood flooring, and two staircases
- Each residence offers more than 1,000 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,632
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,640
$792.6K
Cap Rate 7%
$566,171
$566.2K
Cap Rate 9%
$440,356
$440.4K
Market Conditions
NOI Build-Up for 2,136 SF
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.
Gross rent
$59.7K $27.96/SF
− Vacancy
−$3.1K −$1.45/SF
EGI
$56.6K $26.51/SF
− OpEx
−$17.0K −$7.95/SF
NOI
$39.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,640
Cap Rate 7%
$566,171
Cap Rate 9%
$440,356
Alternative Uses
Best Use
Multifamily LT 5
$566.2K
$495.4K – $660.5K
NOI $39,632 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$524.2K
$458.7K – $611.6K
NOI $36,696 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$643.0K
$562.6K – $750.1K
NOI $45,008 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,106
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Preserved period details, flexible living arrangements, and a detached garage with loft space define this Beacon property.
Where is this duplex located?
The property is located at 61 Schenck Avenue Beacon, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 2,136 square feet of finished living space configured as a two‑family residence; Built in 1870 with original woodwork, built‑ins, hardwood flooring, and two staircases; Each residence offers more than 1,000 square feet of living space
