Brick Two-Family
For Sale
$579,900
7 Chiappardi Place, Beacon, NY 12508
A separate one-bedroom apartment sits below a three-bedroom main residence, with porches serving both spaces.
Property Size2,338 SF
Price / SF$248.03
Days on Market60
Property Features for 7 Chiappardi Place
General Information
Standard status
Active
Size
2,338 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,107
Amenities
First Floor Bedroom
First Floor Full Bath
Kitchen Island
Pantry
Storage
Washer/Dryer Hookup
Building Details
Building Size
2,338 SF
Year Built
1955
Buildings
1
Units
2
Construction
brick
Listing Agency:
Century 21 Alliance Rlty Group
(845) 297-4700
Listed By:
Anthony DeGelormo
(845) 590-5051
Source:
Adamstreetrealty
Added: Sep 4
Changed: Nov 2
Last Checked: Nov 2 at 2:34AM
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 Century 21 Alliance Rlty Group
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Investment Insights
Based on property information with market context.
This 2,338-square-foot brick duplex, built in 1955, contains two distinct living spaces. The main residence has three bedrooms and one full bathroom, while the lower-level apartment offers one bedroom and one bathroom. A three-season porch adjoins the main residence, and the apartment has its own porch. The property also includes a private backyard.
At 7 Chiappardi Place in Beacon, the home is approximately one mile from Main Street and 1.5 miles from the Beacon Metro-North station. These distances place local shops and dining, as well as rail service, within reach of the property.
At 7 Chiappardi Place in Beacon, the home is approximately one mile from Main Street and 1.5 miles from the Beacon Metro-North station. These distances place local shops and dining, as well as rail service, within reach of the property.
Key Highlights
- 2,338 square feet; built in 1955
- Two‑family layout with a three‑bedroom, one‑bath main residence
- Separate lower‑level apartment with one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,380
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,600
$867.6K
Cap Rate 7%
$619,714
$619.7K
Cap Rate 9%
$482,000
$482.0K
Market Conditions
NOI Build-Up for 2,338 SF
Gross rent
$65.4K $27.96/SF
− Vacancy
−$3.4K −$1.45/SF
EGI
$62.0K $26.51/SF
− OpEx
−$18.6K −$7.95/SF
NOI
$43.4K $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 Rate 5%
$867,600
Cap Rate 7%
$619,714
Cap Rate 9%
$482,000
Alternative Uses
Best Use
Multifamily LT 5
$619.7K
$542.3K – $723.0K
NOI $43,380 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$573.8K
$502.1K – $669.4K
NOI $40,166 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$703.8K
$615.8K – $821.1K
NOI $49,265 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom apartment sits below a three-bedroom main residence, with porches serving both spaces.
Where is this duplex located?
The property is located at 7 Chiappardi Place Beacon, NY.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 2,338 square feet; built in 1955; Two‑family layout with a three‑bedroom, one‑bath main residence; Separate lower‑level apartment with one bedroom and one bathroom
