Brick Duplex With Finished
119 Sand Creek Road Colonie, NY 12205
119 Sand Creek Road, Colonie, NY, 12205
$400,000
For Sale
$400,000
Well-maintained brick duplex offers two self-contained units, each with in-unit laundry and separate off-street parking.
Property Size2,188 SF
Lot Size0.50 Acres
Price / SF$182.82
Days on Market72
Property Features for 119 Sand Creek Road
General Information
- Standard status
- Active
- Size
- 2,188 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1949
Listing agency
Coldwell Banker Prime Prop.
(518) 368-1444
Listed by
Rosemarie Durant · License #10401264469
(518) 368-1444
Source
Compass
Added: May 11 Updated: Jul 20 at 8:14PM Checked: Jul 21 at 8:05AM
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 Coldwell Banker Prime Prop.
Investment Insights
Based on property information with market context.
Well-maintained brick duplex with two residential units, each featuring its own kitchen and washer/dryer. The first-floor unit includes hardwood floors, an updated kitchen with granite countertops, subway tile backsplash, re-faced cabinets, and new stainless steel appliances, along with two bedrooms and a full bath. The second-floor unit includes a full kitchen, two bedrooms plus a dedicated office space. A large finished basement adds additional flexible space and includes a half bath. The property also includes an enclosed breezeway with a sliding door leading to the backyard and connecting to a one-car garage.
Additional improvements include replaced hot water heaters within the last 1.5 years. Exterior amenities include a fully fenced, landscaped yard; an above-ground pool with a raised deck; a rear garden area; and a fire pit. Off-street parking is provided separately for each unit.
Set on an approximately half-acre lot, this duplex is ready for owner-occupant use or investment ownership, with options that may also include re-conversion to a larger single-family residence.
Additional improvements include replaced hot water heaters within the last 1.5 years. Exterior amenities include a fully fenced, landscaped yard; an above-ground pool with a raised deck; a rear garden area; and a fire pit. Off-street parking is provided separately for each unit.
Set on an approximately half-acre lot, this duplex is ready for owner-occupant use or investment ownership, with options that may also include re-conversion to a larger single-family residence.
Key Highlights
- Well‑maintained brick duplex built in 1949 in the South Colonie School District
- Two self‑contained units, each with its own washer and dryer plus separate off‑street parking
- Updated first‑floor kitchen with granite countertops and new stainless steel appliances
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 | $38.1k | $17.40 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $35.6k | $16.27 |
| − OpEx | −$10.7k | −$4.88 |
| NOI | $24.9k | $11.39 |
2,188 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K
NOI $24,918 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,350 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,408 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained brick duplex offers two self-contained units, each with in-unit laundry and separate off-street parking.
Where is this duplex located?
The property is located at 119 Sand Creek Road Colonie, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Well‑maintained brick duplex built in 1949 in the South Colonie School District; Two self‑contained units, each with its own washer and dryer plus separate off‑street parking; Updated first‑floor kitchen with granite countertops and new stainless steel appliances
