Mixed-Use Three-Unit
For Sale
$215,000
Pending
6367 US-9, Chestertown, NY 12817
MultiFamily, Chestertown, NY
Property Size1,927 SF
Lot Size0.15 Acres
Days on Market140
Property Features for 6367 US-9
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi Residence
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Patio and Porch features
Porch
Basement
Full, Apartment, Walk-Out Access
Lot features
Level, Landscaped
Elementary school
North Warren Central
High school
North Warren Central
Elementary school district
North Warren
Middle school district
North Warren
High school district
North Warren
Directions
Exit 25 off the Northway- head toward Chestertown- take a left at the light. Property will be on your right!
Standard status
Pending
APN
522400 104.10-7-5
Size
1,927 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2309
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Oil
Water source
Public
Building Details
Year built
1900
Number of units
3
Flooring type
Carpet, Wood
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Gallo Realty ADK Inc
(518) 494-4600
Listed By:
Julia Pucciarelli · License #10401329189
(518) 312-7150
Added: Apr 6
Changed: Aug 20
Last Checked: Aug 23 at 12:06PM
MLS# 202614572
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.
Investment Insights
Based on property information with market context.
This 1,927-square-foot triplex includes a commercial area on the main level and two residential apartments above and below. The building dates to 1900 and features wood siding, metal roofing, wood and carpet flooring, a porch, electric and oil heat, public water, and a septic system. The property sits on 0.15 acres and is zoned Multi Residence.
Located at 6367 US-9 in Chestertown, the property is within walking distance of local shops and restaurants. A new septic system was installed 5 years ago, and the building was painted in 2021. All three units are currently rented, and showings require 24–48 hours’ notice.
Located at 6367 US-9 in Chestertown, the property is within walking distance of local shops and restaurants. A new septic system was installed 5 years ago, and the building was painted in 2021. All three units are currently rented, and showings require 24–48 hours’ notice.
Key Highlights
- Three‑unit property with a main‑level commercial area and two residential apartments
- 1,927 square feet on a 0.15‑acre lot
- All units currently rented
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
$17,613
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
8.19%
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%
$352,260
$352.3K
Cap Rate 7%
$251,614
$251.6K
Cap Rate 9%
$195,700
$195.7K
Market Conditions
NOI Build-Up for 1,927 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
$27.1K $14.04/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$25.2K $13.06/SF
− OpEx
−$7.5K −$3.92/SF
NOI
$17.6K $9.14/SF
Area
Warren County, NY
Vacancy
7.00%
Lease Rate
$14.04 /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%
$352,260
Cap Rate 7%
$251,614
Cap Rate 9%
$195,700
Alternative Uses
Best Use
Mixed Use
$341.9K
$299.2K – $398.9K
NOI $23,933 @ 7.0% cap · market cap 11.13%
Second Best
Multifamily LT 5
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$576.8K
$504.7K – $672.9K
NOI $40,375 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 12817, NY
2,142
Population
2,115
Households
1
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
42
Density / Sq Mi
$90,469
Median Household Income
$37,425
Median Earnings
$876
Median Rent
$304,500
Median Home Value
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?
Triplex - Property combines a main-level commercial area with two residential rental levels in a walkable town setting.
Where is this triplex located?
The property is located at 6367 US-9 Chestertown, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three‑unit property with a main‑level commercial area and two residential apartments; 1,927 square feet on a 0.15‑acre lot; All units currently rented
