Two-Family Duplex with Detached Two-Car
For Sale
$324,000
Pending
141 Johnston Avenue, Cohoes, NY 12047
MULTI_FAMILY - Other - Cohoes, NY
Property Size2,068 SF
Lot Size0.21 Acres
Days on Market31
Property Features for 141 Johnston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking
6
Parking features
Garage, Driveway
Interior features
Paddle Fan, Built-in Features
Exterior features
Garden
Basement
Full
Lot features
Private, Level, Landscaped, Garden
Elementary school district
Cohoes
Middle school district
Cohoes
High school district
Cohoes
Directions
Columbia St to Masten to a right on Johnston
Standard status
Pending
APN
010300 10.11-3-39
Size
2,068 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
4380
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1866
Number of units
2
Flooring type
Hardwood, Vinyl, Wood
Building materials
Vinyl Siding
Roof type
Rubber
Architectural style
Other
Additional Structures
Pergola
Listing Agency:
Field Realty
(518) 495-1877
Listed By:
Johanna Clarke · License #10401291706
(518) 859-4947
Added: Jul 23
Changed: Jul 30
Last Checked: Aug 22 at 5:06AM
MLS# 202622475
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.
Exceptionally maintained two-family duplex with a private driveway, detached two-car garage, and a large private backyard with a garden. Set on a 0.21-acre lot, the home includes 2,068 square feet and was built in 1866. Both units feature high ceilings, abundant natural light, attractive architectural details, and hardwood floors in many rooms. Interior details include built-in features and a paddle fan. Heating is hot water with baseboard systems using natural gas, and cooling is provided by window units. The property has vinyl siding and a rubber roof, with public water and public sewer.
141 Johnston Avenue is in Cohoes, New York, and the home has been owner- and family-occupied for many years with thoughtful maintenance, including brand-new boilers.
141 Johnston Avenue is in Cohoes, New York, and the home has been owner- and family-occupied for many years with thoughtful maintenance, including brand-new boilers.
Key Highlights
- 0.21‑acre lot with 2,068 SF total
- Built in 1866 with vinyl siding and a rubber roof
- Two‑family layout with high ceilings and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,878
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,560
$477.6K
Cap Rate 7%
$341,114
$341.1K
Cap Rate 9%
$265,311
$265.3K
Market Conditions
NOI Build-Up for 2,068 SF
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.
Gross rent
$36.0K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$34.1K $16.50/SF
− OpEx
−$10.2K −$4.95/SF
NOI
$23.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,560
Cap Rate 7%
$341,114
Cap Rate 9%
$265,311
Alternative Uses
Best Use
Multifamily LT 5
$341.1K
$298.5K – $398.0K
NOI $23,878 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$315.6K
$276.1K – $368.2K
NOI $22,089 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$645.3K
$564.6K – $752.9K
NOI $45,171 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Exceptionally maintained two-family with brand-new boilers, private driveway, and detached two-car garage.
Where is this duplex located?
The property is located at 141 Johnston Avenue Cohoes, NY.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: 0.21‑acre lot with 2,068 SF total; Built in 1866 with vinyl siding and a rubber roof; Two‑family layout with high ceilings and abundant natural light
