Brick Duplex with 2-Car
For Sale
$299,950
Pending
1153 7th Avenue, Watervliet, NY 12189
MultiFamily, Watervliet, NY
Property Size2,163 SF
Lot Size0.21 Acres
Days on Market162
Property Features for 1153 7th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
Parking
2
Parking features
Garage
Exterior features
Garden
Basement
Full
Elementary school district
Watervliet
Middle school district
Watervliet
High school district
Watervliet
Directions
Watervliet - Shaker Rd (NY Rt 155) to left on 7th Ave, house on right corner of 7th Ave and 12th St.
Standard status
Pending
APN
011800 32.81-2-31
Size
2,163 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
6698
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1850
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Peter A Gray · License #10301201491
(518) 265-5871
Added: Apr 28
Changed: Oct 1
Last Checked: Oct 6 at 1:06AM
MLS# 202616022
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.
Investment Insights
Based on property information with market context.
This 2,163-square-foot duplex sits on a 0.21-acre corner lot and includes four bedrooms, two bathrooms, brick construction, and a two-car garage. Built in 1850, the property also features garden space and hot-water heating. Public water and public sewer serve the building.
Located at 1153 7th Avenue in Watervliet, the property combines a residential setting with established physical improvements, including dedicated garage parking and outdoor space. Its two-unit configuration provides separate residential accommodations within one structure.
Located at 1153 7th Avenue in Watervliet, the property combines a residential setting with established physical improvements, including dedicated garage parking and outdoor space. Its two-unit configuration provides separate residential accommodations within one structure.
Key Highlights
- Duplex with 2,163 square feet of building area
- 0.21‑acre corner lot in Watervliet
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,975
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,500
$499.5K
Cap Rate 7%
$356,786
$356.8K
Cap Rate 9%
$277,500
$277.5K
Market Conditions
NOI Build-Up for 2,163 SF
Gross rent
$37.6K $17.40/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$35.7K $16.50/SF
− OpEx
−$10.7K −$4.95/SF
NOI
$25.0K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,500
Cap Rate 7%
$356,786
Cap Rate 9%
$277,500
Alternative Uses
Best Use
Multifamily LT 5
$356.8K
$312.2K – $416.3K
NOI $24,975 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$330.1K
$288.8K – $385.1K
NOI $23,104 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$675.0K
$590.6K – $787.5K
NOI $47,247 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 12189, NY
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with garden space, public utilities, and hot-water heating.
Where is this duplex located?
The property is located at 1153 7th Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: Duplex with 2,163 square feet of building area; 0.21‑acre corner lot in Watervliet; Four bedrooms and two bathrooms
