Updated Triplex with Private
7648 Western Turnpike Duanesburg, NY 12053
7648 Western Turnpike, Duanesburg, NY, 12053
$374,900
For Sale
$374,900
Renovated 2-bedroom, 1.5-bath residence plus two 1-bedroom apartments, with separate electric and ample off-street parking.
Property Size2,840 SF
Price / SF$132.01
Days on Market16
Property Features for 7648 Western Turnpike
General Information
- Standard status
- Active
- Size
- 2,840 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1850
Listing agency
Thompson Real Estate Team
(518) 331-6169
Listed by
Samuel J Thompson · License #10491208504
(518) 331-6169
Source
Compass
Added: Jul 7 Updated: Jul 21 at 6:38AM Checked: Jul 21 at 6:38AM
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 Thompson Real Estate Team
Investment Insights
Based on property information with market context.
This updated triplex offers three distinct residential units arranged for flexible living and income. The owner’s residence features a renovated two-bedroom, one-and-a-half-bath layout with farmhouse-inspired finishes, while the remaining two units are updated one-bedroom apartments. Separate electric utilities support each unit’s setup, and the property includes ample off-street parking.
Set on over 2 acres in a rural setting, the home overlooks a private pond and is surrounded by countryside views. The outdoor setting includes a deck overlooking the water and space intended for relaxing and entertaining.
Overall, the property is described as turnkey and ready for its next owner, with the combination of updated interior living space and a private pond backdrop supporting multiple ownership options.
Set on over 2 acres in a rural setting, the home overlooks a private pond and is surrounded by countryside views. The outdoor setting includes a deck overlooking the water and space intended for relaxing and entertaining.
Overall, the property is described as turnkey and ready for its next owner, with the combination of updated interior living space and a private pond backdrop supporting multiple ownership options.
Key Highlights
- Updated triplex on over 2 acres, featuring a renovated 2‑bedroom, 1.5‑bath owner residence plus two 1‑bedroom apartments
- Overlooks a private pond and offers peaceful countryside views
- Separate electric utilities for the units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.4k | $17.40 |
| − Vacancy | −$3.2k | −$1.13 |
| EGI | $46.2k | $16.27 |
| − OpEx | −$13.9k | −$4.88 |
| NOI | $32.3k | $11.39 |
2,840 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.0K
$404.3K – $539.1K
NOI $32,343 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$414.4K
$362.6K – $483.5K
NOI $29,010 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$850.1K
$743.8K – $991.7K
NOI $59,504 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated 2-bedroom, 1.5-bath residence plus two 1-bedroom apartments, with separate electric and ample off-street parking.
Where is this triplex located?
The property is located at 7648 Western Turnpike Duanesburg, NY.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Updated triplex on over 2 acres, featuring a renovated 2‑bedroom, 1.5‑bath owner residence plus two 1‑bedroom apartments; Overlooks a private pond and offers peaceful countryside views; Separate electric utilities for the units
