Triplex with One-Car
80 Lake Avenue, Lake Luzerne, NY 12846
For Sale
New
$429,900
Three separate residences include two occupied units and a vacant two-bedroom home with a garage.
Property Size3,084 SF
Lot Size1.31 Acres
Price / SF$139.40
Days on Market4
Property Features for 80 Lake Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Hunt ERA
Listed By:
Travis Scarincio
(518) 321-8381
Source:
Thisoldhudsonrealestate
Added: Nov 10
Last Checked: Nov 12 at 5:08AM
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 Hunt ERA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,084-square-foot triplex on 1.31 acres was built in 1989 and contains three separate residences. The occupied first unit has one bedroom, a single-story layout, first-floor laundry, and a full basement. The second occupied unit spans two stories and includes two bedrooms, a full basement, and laundry. The vacant third unit is a two-story residence with two bedrooms, two full bathrooms, a first-floor bedroom and bathroom, first-floor laundry, a kitchen pantry, and a one-car garage. It has also been used historically as a three-bedroom layout.
The property is in Lake Luzerne, approximately 15 minutes from Saratoga Springs and Lake George. Shopping, dining, and recreation in both areas are identified as nearby amenities.
The property is in Lake Luzerne, approximately 15 minutes from Saratoga Springs and Lake George. Shopping, dining, and recreation in both areas are identified as nearby amenities.
Key Highlights
- Three separate residential units on 1.31 acres
- 3,084 square feet; built in 1989
- Two units are occupied; the third unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,188
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,760
$563.8K
Cap Rate 7%
$402,686
$402.7K
Cap Rate 9%
$313,200
$313.2K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$43.3K $14.04/SF
− Vacancy
−$3.0K −$0.98/SF
EGI
$40.3K $13.06/SF
− OpEx
−$12.1K −$3.92/SF
NOI
$28.2K $9.14/SF
Area
Warren County, NY
Vacancy
7.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,760
Cap Rate 7%
$402,686
Cap Rate 9%
$313,200
Alternative Uses
Best Use
Multifamily LT 5
$402.7K
$352.4K – $469.8K
NOI $28,188 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$367.4K
$321.5K – $428.6K
NOI $25,718 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$923.1K
$807.7K – $1.08M
NOI $64,616 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 12846, NY
3,008
Population
2,338
Households
1.3
Avg Household Size
51
Median Age
26%
College-Educated
90%
High-School Grad
53.7 sq mi
ZIP Area
56
Density / Sq Mi
$47,449
Median Household Income
$41,500
Median Earnings
$942
Median Rent
$197,400
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?
Triplex - Three separate residences include two occupied units and a vacant two-bedroom home with a garage.
Where is this triplex located?
The property is located at 80 Lake Avenue Lake Luzerne, NY.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Three separate residential units on 1.31 acres; 3,084 square feet; built in 1989; Two units are occupied; the third unit is vacant
