Two-Unit Duplex with Separate
24 Chestnut Street Cohoes, NY 12047
24 Chestnut Street, Cohoes, NY, 12047
$205,000
For Sale
$205,000
MULTI_FAMILY - Other - Cohoes, NY
Property Size1,632 SF
Lot Size0.06 Acres
Price / SF$125.61
Days on Market18
Property Features for 24 Chestnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Patio and Porch features
- Porch
- Fencing
- Chain Link
- Basement
- Full
- Standard status
- Active
- APN
- 010300 10.58-1-1
- Size
- 1,632 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3566
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1912
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Shingle Siding, Vinyl Siding
- Roof type
- Built-Up, Rubber
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
KW Platform
(518) 724-5800
38 High Rock Ave, Latham, NY
Listed by
Christopher Iwinski · License #10401237144
(518) 405-6888
Added: Jun 30 Checked: Jul 17 at 6:06 pm
MLS# 202620749
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 well-maintained duplex features two symmetrical 2-bedroom, 1-bath apartments with separate utilities. Both units are described as having updated cabinets and flooring and include functional, efficient layouts. Tenants are month-to-month, and the property also includes a fenced backyard and separate tenant storage areas currently underutilized.
The property is located on a quiet one-way street in Cohoes. It has proximity to the Empire State Trail and West End Park, and is within walking distance of Cohoes Middle School. The lot size is 0.06 acres.
Capital improvements provide added long-term confidence, including electrical, plumbing, and heating systems completed approximately 10 years ago. Additional exterior and systems updates include new vinyl replacement windows installed approximately 3 years ago, new siding, and a rubber roof that was professionally coated approximately 3 years ago. With month-to-month tenants and two separate, updated units, this duplex may suit investors seeking steady rental operations or owner-occupants looking for the flexibility of occupying one unit while leasing the other.
The property is located on a quiet one-way street in Cohoes. It has proximity to the Empire State Trail and West End Park, and is within walking distance of Cohoes Middle School. The lot size is 0.06 acres.
Capital improvements provide added long-term confidence, including electrical, plumbing, and heating systems completed approximately 10 years ago. Additional exterior and systems updates include new vinyl replacement windows installed approximately 3 years ago, new siding, and a rubber roof that was professionally coated approximately 3 years ago. With month-to-month tenants and two separate, updated units, this duplex may suit investors seeking steady rental operations or owner-occupants looking for the flexibility of occupying one unit while leasing the other.
Key Highlights
- Fully occupied 2‑family property with two symmetrical 2‑bedroom, 1‑bath apartments on month‑to‑month terms
- Rents: upstairs $1,200/month and downstairs $1,150/month
- Major systems updates include electrical, plumbing, and heating completed approx. 10 years ago; natural gas forced‑air heat
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 | $28.4k | $17.40 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $26.9k | $16.50 |
| − OpEx | −$8.1k | −$4.95 |
| NOI | $18.8k | $11.55 |
1,632 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,432 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$509.3K
$445.6K – $594.1K
NOI $35,648 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained two-family duplex with separate utilities and updated interiors, designed for flexible owner-occupant or investor use.
Where is this duplex located?
The property is located at 24 Chestnut Street Cohoes, NY.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Fully occupied 2‑family property with two symmetrical 2‑bedroom, 1‑bath apartments on month‑to‑month terms; Rents: upstairs $1,200/month and downstairs $1,150/month; Major systems updates include electrical, plumbing, and heating completed approx. 10 years ago; natural gas forced‑air heat
