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    9 N Franklin Street Athens, NY 12015

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    Claim this Listing
    For Sale
    Under Contract
    $415,000

    MULTI_FAMILY - Other - Athens, NY

    Property size:
    2,201 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $188/SF
    Added:
    Sep 30, 2025
    Days on Market:
    212
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 9 N Franklin Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1
    Parking features
    Garage
    Patio and Porch features
    Porch
    Basement
    Full, Interior Entry, Unfinished, Exterior Entry, Sump Pump
    Standard status
    Active Under Contract
    APN
    122.18-7-4
    Size
    2,201 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4705

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Oil, Radiant
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2
    Flooring type
    Tile - Ceramic, Wood, Hardwood, Linoleum
    Building materials
    Shingle Siding
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Donald A Fontaine
    Donald A Fontaine

    Listing agent Donald A Fontaine License #49FO1059379

    Listing office Weichert Realtors Fontaine & Associates 15 2nd St, Athens, NY

    Listing date Sep 30, 2025

    MLS# 202526847 Listing URL

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Victorian Multi-Family in Athens, NY

    This centrally located Victorian-style house, built in the 1900s, is situated in the heart of the riverfront Village of Athens, NY. The property, with over 2000 square feet, features wide-plank wood flooring, 9-foot ceilings, and tin ceilings. Original architectural details and a claw foot bathtub add to its charm. The house is currently configured as an income-producing 2-family residence but can be converted into a spacious single-family home. The property includes a detached garage and is situated on a 0.08-acre lot. It presents an investment opportunity for a full-time residence, weekend retreat, or Airbnb. The layout allows for living in one unit and renting out the other. The property is located near local restaurants, shops, and a cultural center. The Hudson River, Riverfront Park, and kayak launch are within blocks of the property. Residents can participate in year-round events and festivals throughout the Hudson Valley and Catskill Region. Hudson and the Amtrak station are a 15-minute drive away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ChargePoint Charging Station Electric Vehicle Charging Station

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Greene
    State
    New York
    Longitude
    -73.808871
    Latitude
    42.261194

    Nearby Similar for Sale

    • $519,999
      2,016 SF

      Colonial Home with Commercial Zoning

      1880 Colonial on 2+ acres, zoned residential/commercial.
      8874 9w Route, Athens, NY 12015
      View Details
    • $599,000
      4,375 SF

      Athens Village Commercial Property Opportunity

      Prime commercial property in Athens, NY, with revitalization plans underway.
      70 N Washington Street, Athens, NY 12015
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-producing Victorian in the heart of Athens, NY.
    Where is this duplex located?
    The property is located at 9 N Franklin Street Athens, NY.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Prime location in the heart of the riverfront Village of Athens, NY, close to restaurants, shops, and the Hudson River.; Versatile property: can be used as a single‑family home, two‑family income property, weekend retreat, or Airbnb.; **Features original 1900's Victorian architectural details, including wide‑plank wood flooring, 9' ceilings, and tin ceilings.**
    (518) 945-2125
    We can help!
    Listing Contact
    Donald A Fontaine
    Donald A Fontaine
    Real Estate License ID: 49FO1059379
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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