Unique Triplex on 172
8422 State Route 40 Granville, NY 12832
8422 State Route 40, Granville, NY, 12832
$599,000
For Sale
$599,000
Triplex on 172 acres with business and residential potential.
Property Size3,782 SF
Lot Size172.00 Acres
Price / SF$158.38
Days on Market59
Property Features for 8422 State Route 40
General Information
- Standard status
- Active
- Size
- 3,782 SF
- Lot size
- 172.00 Acres
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1850
Listing Agency
Coldwell Banker Prime Properties
(518) 260-6909
Listed by
Brenda St Louis · License #10401277824
(518) 260-6909
Source
Compass
Added: May 20 Checked: Jul 16 at 6:16 am
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This property, set on 172 acres, is currently configured as a three-family residence but could be converted back into a spacious single-family estate. The upper level features two separate 2-bedroom apartments. The main floor offers a three-bedroom, two-bath layout, complete with a kitchen, dining room with a fireplace, potential double living room, and office space. The property was also home to a successful honey business for many years. The attached shop includes full attic access with a dumbwaiter, providing storage and workspace potential. Surrounded by rolling pastures and wooded acres, the property offers scenery, wildlife, and privacy. It is located close to Fort Ann and Saratoga. This property offers potential for a family compound, income-producing investments, a hobby farm, or a business opportunity.
Key Highlights
- 172‑acre property with rolling pastures and wooded acres, offering privacy and scenic views.
- Potential for conversion to a spacious single‑family estate or continued use as a three‑family residence.
- Includes an attached shop with attic access and a dumbwaiter, suitable for a hobby, farm, or business.
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 | $65.8k | $17.40 |
| − Vacancy | −$3.3k | −$0.86 |
| EGI | $62.6k | $16.54 |
| − OpEx | −$18.8k | −$4.96 |
| NOI | $43.8k | $11.58 |
3,782 SF · lease $17.40/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$625.6K
$547.4K – $729.8K
NOI $43,789 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$557.8K
$488.1K – $650.7K
NOI $39,044 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$938.3K
$821.0K – $1.09M
NOI $65,680 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex on 172 acres with business and residential potential.
Where is this triplex located?
The property is located at 8422 State Route 40 Granville, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 172‑acre property with rolling pastures and wooded acres, offering privacy and scenic views.; Potential for conversion to a spacious single‑family estate or continued use as a three‑family residence.; Includes an attached shop with attic access and a dumbwaiter, suitable for a hobby, farm, or business.
