Triplex with Private Pond
For Sale
$324,900
7648 Western Turnpike, Delanson, NY 12053
Updated triplex offering a renovated 2-bedroom home plus two 1-bedroom apartments on a private pond setting.
Property Size2,840 SF
Price / SF$114.40
Days on Market124
Property Features for 7648 Western Turnpike
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Amenities
private pond
deck
firepit
mountain views
Building Details
Year Built
1850
Tenancy
Multi
Listing Agency:
The Thompson Real Estate Team
Listed By:
Samuel J Thompson · License #10491208504
(518) 331-6169
Source:
Signatureonerealtygroup
Added: Jun 30
Changed: Oct 29
Last Checked: Oct 30 at 5:53PM
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 The Thompson Real Estate Team
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Investment Insights
Based on property information with market context.
Updated triplex on over 2 acres with an outdoor setting centered on a private pond and surrounding countryside views. The property includes a renovated owner’s residence with a two-bedroom, one-and-a-half-bath layout, along with two updated one-bedroom apartments. Separate electric utilities and ample off-street parking help support convenient separate living arrangements. The property is presented as turnkey.
Located at 7648 Western Turnpike in Delanson, NY 12053, the home features outdoor living space such as a deck overlooking the pond, with additional yard space designed for use and enjoyment.
The interior configuration is straightforward for an owner-occupant scenario or a rental-focused purchase, with the owner’s unit and two one-bedroom units providing multiple income/living options within the same triplex structure.
Located at 7648 Western Turnpike in Delanson, NY 12053, the home features outdoor living space such as a deck overlooking the pond, with additional yard space designed for use and enjoyment.
The interior configuration is straightforward for an owner-occupant scenario or a rental-focused purchase, with the owner’s unit and two one-bedroom units providing multiple income/living options within the same triplex structure.
Key Highlights
- Updated triplex on over 2 acres with a private pond view
- Owner’s residence: renovated 2‑bedroom, 1.5‑bath with farmhouse‑inspired finishes
- Two updated 1‑bedroom apartments for immediate rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,010
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,200
$580.2K
Cap Rate 7%
$414,429
$414.4K
Cap Rate 9%
$322,333
$322.3K
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$56.2K $19.80/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$52.7K $18.57/SF
− OpEx
−$23.7K −$8.36/SF
NOI
$29.0K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,200
Cap Rate 7%
$414,429
Cap Rate 9%
$322,333
Alternative Uses
Best Use
Multifamily LT 5
$462.0K
$404.3K – $539.1K
NOI $32,343 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$414.4K
$362.6K – $483.5K
NOI $29,010 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$850.1K
$743.8K – $991.7K
NOI $59,504 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 12053, NY
4,142
Population
1,997
Households
2.1
Avg Household Size
47
Median Age
31%
College-Educated
92%
High-School Grad
56.4 sq mi
ZIP Area
73
Density / Sq Mi
$99,831
Median Household Income
$61,523
Median Earnings
$788
Median Rent
$258,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex offering a renovated 2-bedroom home plus two 1-bedroom apartments on a private pond setting.
Where is this triplex located?
The property is located at 7648 Western Turnpike Delanson, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Updated triplex on over 2 acres with a private pond view; Owner’s residence: renovated 2‑bedroom, 1.5‑bath with farmhouse‑inspired finishes; Two updated 1‑bedroom apartments for immediate rental income
