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    Renovated Two-Family Property

    1540 8th Avenue Watervliet, NY 12189

    1540 8th Avenue, Watervliet, NY, 12189
    $275,000
    For Sale
    Claim this Listing
    $275,000

    MULTI_FAMILY - Watervliet, NY

    Property Size2,231 SF
    Lot Size0.06 Acres
    Price / SF$123.26
    AddedMay 11
    Days on Market65
    Last RefreshJul 14 at 2:06 pm

    Property Features for 1540 8th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4
    Parking
    4
    Fencing
    Chain Link
    Basement
    Apartment, Partial
    Standard status
    Active
    APN
    011800 32.66-4-4
    Size
    2,231 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2263

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1970
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    Listing agent Abigail Curtiss License #10401362361

    Listing office Venture Fox Realty Group LLC 2390 Western Ave, Guilderland, NY

    Listing date May 11, 2026

    MLS# 202617258 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.

    Investment Insights

    Based on property information with market context.

    This fully renovated two-family property is located in Watervliet, NY. The property contains a spacious 3-bedroom unit upstairs and a 2-bedroom unit on the first floor. Both units are currently unoccupied. The second-floor unit includes a private backyard. The property is suitable for expanding an investment portfolio or for future owner-occupancy. The property has a strong rental history and requires minimal upkeep. The lot size is 0.06 acres, and the property size is 2231 square feet.

    Key Highlights

    • Fully renovated two‑family property built in 1970 with vinyl siding and a shingle roof
    • 3‑bedroom unit upstairs plus 2‑bedroom unit on the first floor
    • Both units currently unoccupied

    Local Financial Insights For Apartment 5plus

    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 $45.5k $20.40
    − Vacancy −$2.2k −$0.98
    EGI $43.3k $19.42
    − OpEx −$19.5k −$8.74
    NOI $23.8k $10.68
    2,231 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $368.0K
    $322.0K – $429.4K (±1% cap)
    NOI $25,761 @ 7.0% cap · market cap 9.37%
    Second Best
    Apartment 5plus
    $340.4K
    $297.9K – $397.2K (±1% cap)
    NOI $23,830 @ 7.0% cap · market cap 8.67%
    Theoretical Best
    Office A
    $696.2K
    $609.2K – $812.2K (±1% cap)
    NOI $48,732 @ 7.0% cap · market cap 17.72%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Skin Care Clinic Catering Service Acupuncture (Bike/Boat/Book/etc) Store Garden Center Veterinary Clinic Butcher

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

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    FAQs

    What type of property is this?
    Duplex - Turnkey two-family property in Watervliet, NY. Strong rental history.
    Where is this duplex located?
    The property is located at 1540 8th Avenue Watervliet, NY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Fully renovated two‑family property built in 1970 with vinyl siding and a shingle roof; 3‑bedroom unit upstairs plus 2‑bedroom unit on the first floor; Both units currently unoccupied
    Contact an agent
    (518) 653-1898
    We can help!
    Contact an agent
    Abigail Curtiss
    Real Estate License ID: 10401362361
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