Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Grotto Court Watervliet, NY 12189

    View on Map
    Claim this Listing
    Pending
    $299,900

    MULTI_FAMILY - Other - Watervliet, NY

    Property size:
    3,367 SF
    Lot size:
    0.11 Acres
    Added:
    Jul 26, 2025
    Days on Market:
    270
    Last Refresh:
    Apr 21 at 11:06 am

    Property Features for 5 Grotto Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 1
    Parking
    4
    Parking features
    Driveway, Off Street, Garage
    Fencing
    Fenced
    Basement
    Full, Unfinished
    Standard status
    Pending
    APN
    011800 32.49-1-8
    Size
    3,367 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4358

    Utilities

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

    Building Details

    Year built
    1930
    Number of units
    3
    Building materials
    Aluminum Siding, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Natasha Golas

    Listing agent Natasha Golas License #10401395649

    Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY

    Listing date Jul 26, 2025

    MLS# 202522548 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

    Watervliet Multi-Unit Investment Opportunity

    This multi-unit property in Watervliet, NY, presents an investment opportunity. It comprises three units: two units feature 2 bedrooms each, and one unit offers 3 bedrooms. The property includes off-street parking space for four cars and a detached garage for additional storage. Each unit is equipped with washer and dryer hookups. The property is being sold as-is, with each unit requiring some work, making it suitable for investors aiming to enhance value. The lot size is 0.11 acres and the property size is 3367 square feet. The property is located near amenities and public transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Watervliet
    County
    Albany
    State
    New York
    Longitude
    -73.715138
    Latitude
    42.734651

    Nearby Similar for Sale

    • $229,999
      2,430 SF

      Watervliet Two-Family Investment Opportunity

      Two-unit property in Watervliet, ideal for investors or owner-occupants.
      1333 Broadway, Watervliet, NY 12189
      View Details
    • $449,900
      2,728 SF

      Watervliet Two-Family Home with Garage

      Two-family home on a corner lot with a three-car garage.
      343 Watervliet Shaker Road, Watervliet, NY 12189
      View Details
    • $234,900
      2,464 SF

      Watervliet Duplex: Investment Opportunity

      Well-maintained duplex in Watervliet with income potential.
      1525 6th Avenue, Watervliet, NY 12189
      View Details
    • $585,000
      4,920 SF

      Watervliet Service Building For Sale

      4920 sq. ft. service building suitable for multiple businesses.
      411 19th Street, Watervliet, NY 12189
      View Details
    • $296,000
      2,130 SF

      Watervliet Two-Family House with Garage

      Well-maintained two-family house with garage in Watervliet, NY.
      616 23rd Street, Watervliet, NY 12189
      View Details
    • $270,000
      2,560 SF

      Watervliet Two-Family Investment Opportunity

      Well-maintained two-family property with strong rental potential.
      902 19th Street, Watervliet, NY 12189
      View Details
    • $274,900
      1,784 SF

      Renovated Duplex in Watervliet, NY

      Fully renovated duplex near shops and highways, ideal for investors.
      1529 7th Avenue, Watervliet, NY 12189
      View Details
    • $259,000
      2,384 SF

      Spacious Two-Family Property

      Two-family property with flexible layout and convenient location.
      585 6th Avenue, Watervliet, NY 12189
      View Details
    • $275,000
      2,392 SF

      Watervliet Two-Unit Home

      Well-maintained two-unit home in a convenient Watervliet neighborhood.
      504 Second Street, Watervliet, NY 12189
      View Details
    • $269,000
      2,208 SF

      Renovated Two-Unit Multifamily Property

      Recently renovated two-unit property in Watervliet, New York.
      1206 5th Avenue, Watervliet, NY 12189
      View Details
    • $234,900
      2,464 SF

      Watervliet Two-Family Duplex Investment

      Well-maintained duplex with income potential in a desirable location.
      1525 6th Avenue, Watervliet, NY 12189
      View Details
    • $399,900
      2,300 SF

      Versatile Commercial Property on Broadway

      Commercial property suitable for retail, auto repair, and vehicle sales.
      1904 Broadway, Watervliet, NY 12189
      View Details

    FAQs

    What type of property is this?
    Triplex - Multi-unit property with three units, off-street parking, and detached garage.
    Where is this triplex located?
    The property is located at 5 Grotto Court Watervliet, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Multi‑unit property featuring two 2‑bedroom units and one 3‑bedroom unit.; Enjoy the convenience of off‑street parking for four cars plus a detached garage.; Washer and dryer hookups are available in each unit.
    (518) 903-1018
    We can help!
    Listing Contact
    Natasha Golas
    Real Estate License ID: 10401395649
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!