Renovated Four-Unit
New
For Sale
$375,000
71 Teichman Rd, Roxbury, NY 12474
Each apartment has individually controlled propane-fired baseboard heat.
Property Size2,404 SF
Days on Market5
Property Features for 71 Teichman Rd
General Information
Standard status
Active
Size
2,404 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 1BR, 1 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,502
Building Details
Building Size
2,404 SF
Year Built
1830
Stories
2
Units
4
Listing Agency:
Keller Williams Upstate New York Properties
Listed By:
Susan Muther · License #10401290369
(607) 435-0470
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 7:31PM
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 Keller Williams Upstate New York Properties
Investment Insights
Based on property information with market context.
This renovated multifamily property contains four apartments: three one-bedroom units and one two-bedroom unit. Interior updates include engineered wood flooring, replacement windows, fresh paint and bright trim. The apartments have separate propane heating systems; electrical service is 200 amps with individual subpanels. A dry, well-lit basement has structural reinforcement. One first-floor apartment includes a covered patio, while the second-floor two-bedroom unit has valley views from both bedrooms.
Two parcels comprise 10+ acres, with open field space, a broad lawn, mature maple and apple trees, a garden shed and a pond-adjacent setting. The property is near Roxbury, Grand Gorge and Stamford. Its four-apartment configuration and substantial land area define the offering; the source also identifies the possibility of reconfiguring the building as a single-family home.
Two parcels comprise 10+ acres, with open field space, a broad lawn, mature maple and apple trees, a garden shed and a pond-adjacent setting. The property is near Roxbury, Grand Gorge and Stamford. Its four-apartment configuration and substantial land area define the offering; the source also identifies the possibility of reconfiguring the building as a single-family home.
Key Highlights
- Four apartments: three 1‑bedroom units and one 2‑bedroom unit
- Two parcels totaling 10+ acres
- 200‑amp electrical service with separate subpanels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,883
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,660
$557.7K
Cap Rate 7%
$398,329
$398.3K
Cap Rate 9%
$309,811
$309.8K
Market Conditions
NOI Build-Up for 2,404 SF
Gross rent
$46.2K $19.20/SF
− Vacancy
−$6.3K −$2.63/SF
EGI
$39.8K $16.57/SF
− OpEx
−$11.9K −$4.97/SF
NOI
$27.9K $11.60/SF
Area
Delaware County, NY
Vacancy
13.70%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,660
Cap Rate 7%
$398,329
Cap Rate 9%
$309,811
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.5K – $464.7K
NOI $27,883 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$364.5K
$319.0K – $425.3K
NOI $25,516 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,563 @ 7.0% cap · market cap 22.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 12474, NY
1,128
Population
1,015
Households
1.1
Avg Household Size
55
Median Age
32%
College-Educated
91%
High-School Grad
47.3 sq mi
ZIP Area
24
Density / Sq Mi
$54,462
Median Household Income
$40,455
Median Earnings
$840
Median Rent
$213,300
Median Home Value
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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?
Quadplex - Each apartment has individually controlled propane-fired baseboard heat.
Where is this quadplex located?
The property is located at 71 Teichman Rd Roxbury, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four apartments: three 1‑bedroom units and one 2‑bedroom unit; Two parcels totaling 10+ acres; 200‑amp electrical service with separate subpanels
