2-Unit Residential
New
For Sale
$279,000
1011 19th St, Watervliet, NY 12189
Both apartments are occupied under annual leases extending through August 31, 2027.
Property Size2,300 SF
Price / SF$121.30
Days on Market4
Property Features for 1011 19th St
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2BR/1BA, 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Cork Nesters True North Properties Inc
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cork Nesters True North Properties Inc
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Investment Insights
Based on property information with market context.
This 2,300-square-foot duplex, built in 1970, contains two occupied apartments. The first-floor residence has two bedrooms and one full bath; the upper-floor residence offers three bedrooms and one full bath. Annual leases for both units run through August 31, 2027.
The property is in Watervliet, two minutes from Price Chopper and Watervliet Elementary School. A bus stop is a three-minute walk away.
The property is in Watervliet, two minutes from Price Chopper and Watervliet Elementary School. A bus stop is a three-minute walk away.
Key Highlights
- 2,300‑square‑foot duplex built in 1970
- Two occupied apartments with annual leases through August 31, 2027
- First‑floor unit: 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,567
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,340
$491.3K
Cap Rate 7%
$350,957
$351.0K
Cap Rate 9%
$272,967
$273.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$46.9K $20.40/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$44.7K $19.42/SF
− OpEx
−$20.1K −$8.74/SF
NOI
$24.6K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,340
Cap Rate 7%
$350,957
Cap Rate 9%
$272,967
Alternative Uses
Best Use
Multifamily LT 5
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,567 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$717.7K
$628.0K – $837.3K
NOI $50,239 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
365
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied under annual leases extending through August 31, 2027.
Where is this duplex located?
The property is located at 1011 19th St Watervliet, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 2,300‑square‑foot duplex built in 1970; Two occupied apartments with annual leases through August 31, 2027; First‑floor unit: 2 bedrooms and 1 full bath
