Two Duplex Residential Income
For Sale
Contact for pricing
762 Old Route 22, Amenia, NY 12501
Two duplex buildings with four 2-bedroom units, each with private entrances and ample parking, currently occupied.
Property Size3,478 SF
Price / SF$258.48
Days on Market180
Property Features for 762 Old Route 22
General Information
Standard status
Active
Size
3,478 SF
Class
C
Property subtype
Multifamily
Zoning
HR
Additional Details
Multifamily Units
4
Building Details
Year Built
1920
Buildings
2
Stories
4
Units
3
Tenancy
Multi
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Stacey Cronin · License #40CR1172859
(973) 464-6434
Source:
Crexi
Added: Apr 30
Changed: Oct 25
Last Checked: Oct 24 at 1:52PM
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 Houlihan Lawrence Inc.
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Investment Insights
Based on property information with market context.
This for-sale residential income property features two separate duplex buildings, each offering two 2-bedroom units. All units have private entrances and ample parking, supporting tenant privacy and straightforward day-to-day access. The units are currently occupied, providing immediate rental income for an investor.
The property also includes an adjacent lot, which may allow for future expansion or added flexibility.
Conveniently positioned just minutes from the Village of Amenia, Millerton, and Millbrook, the location supports easy access to local shopping, dining, and everyday amenities. Commuters can reach the Wassaic Metro-North Train Station nearby, and outdoor recreation is available through the nearby Harlem Valley Rail Trail for walking, running, and biking.
The property also includes an adjacent lot, which may allow for future expansion or added flexibility.
Conveniently positioned just minutes from the Village of Amenia, Millerton, and Millbrook, the location supports easy access to local shopping, dining, and everyday amenities. Commuters can reach the Wassaic Metro-North Train Station nearby, and outdoor recreation is available through the nearby Harlem Valley Rail Trail for walking, running, and biking.
Key Highlights
- Two separate duplex buildings with four 2‑bedroom units total
- Each unit has a private entrance and ample parking
- Units are currently occupied, providing immediate rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,532
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,290,640
$1.3M
Cap Rate 7%
$921,886
$921.9K
Cap Rate 9%
$717,022
$717.0K
Market Conditions
NOI Build-Up for 3,478 SF
Gross rent
$97.2K $27.96/SF
− Vacancy
−$5.1K −$1.45/SF
EGI
$92.2K $26.51/SF
− OpEx
−$27.7K −$7.95/SF
NOI
$64.5K $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%
$1,290,640
Cap Rate 7%
$921,886
Cap Rate 9%
$717,022
Alternative Uses
Best Use
Multifamily LT 5
$921.9K
$806.7K – $1.08M
NOI $64,532 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$853.6K
$746.9K – $995.9K
NOI $59,751 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.05M
$916.1K – $1.22M
NOI $73,286 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
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Business Placement
Demographics for 12501, NY
2,125
Population
1,062
Households
2
Avg Household Size
47
Median Age
38%
College-Educated
90%
High-School Grad
32.4 sq mi
ZIP Area
66
Density / Sq Mi
$78,716
Median Household Income
$39,420
Median Earnings
$1,295
Median Rent
$305,600
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
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings with four 2-bedroom units, each with private entrances and ample parking, currently occupied.
Where is this quadplex located?
The property is located at 762 Old Route 22 Amenia, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two separate duplex buildings with four 2‑bedroom units total; Each unit has a private entrance and ample parking; Units are currently occupied, providing immediate rental income
