Triplex with Private
7648 Western Turnpike, Duanesburg, NY 12053
For Sale
$324,900
Three residential units include a renovated owner’s home and two updated apartments, with separate electric utilities.
Property Size2,840 SF
Price / SF$114.40
Days on Market130
Property Features for 7648 Western Turnpike
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
private pond
deck
firepit
off-street parking
Building Details
Building Size
Year Built
Buildings
Listing Agency:
The Thompson Real Estate Team
(518) 545-4776
Listed By:
Samuel J Thompson · License NY #10491208504
(518) 331-6169
Source:
Junellrealty
Added: Jul 8
Changed: Nov 12
Last Checked: Nov 13 at 4:12PM
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.
This 2,840-square-foot triplex contains three apartments. The owner’s residence has two bedrooms and one-and-a-half baths, while the other two units each have one bedroom. The property was built in 1850 and includes separate electric utilities and off-street parking. A deck and private pond are among the outdoor features on the more than 2-acre parcel.
Set in a rural area of Duanesburg, the property has countryside and mountain views. Shopping, restaurants, and everyday services in Schenectady are a short drive away.
Set in a rural area of Duanesburg, the property has countryside and mountain views. Shopping, restaurants, and everyday services in Schenectady are a short drive away.
Key Highlights
- Three‑unit property on more than 2 acres
- 2,840 square feet; built in 1850
- Owner’s residence has 2 bedrooms and 1.5 baths
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.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
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
$258,600
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Schenectady County, NY
Properties on Market for Triplexes in Schenectady County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a renovated owner’s home and two updated apartments, with separate electric utilities.
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 $324,900.
What are key features of this property?
This property features: Three‑unit property on more than 2 acres; 2,840 square feet; built in 1850; Owner’s residence has 2 bedrooms and 1.5 baths
