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Triplex with Navien Heating
For Sale
$160,000
Pending

1221 7th Ave, Watervliet, NY 12189

Three residential units comprise a front home and two rear apartments, with kitchens and living areas in the rear units.

Property Size2,076 SF
Days on Market24

Property Features for 1221 7th Ave

General Information

Standard status Pending
Size 2,076 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence One foundation wall needs to be replaced

Additional Details

Multifamily Units 3

Building Details

Year Built 1940
Buildings 1
Listing Agency: Miranda Real Estate Group Inc
Listed By: Clancy Real Estate, Inc
Source: Clancyrealestate
Added: Oct 14 Changed: Nov 5 Last Checked: Nov 6 at 7:44AM

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 Miranda Real Estate Group Inc

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Investment Insights

Based on property information with market context.

This 2,076-square-foot triplex, built in 1940, contains a front residence and two apartments in the rear. The front unit has a first-floor bedroom, full bathroom and laundry, plus three bedrooms and another full bathroom upstairs. The rear apartments each include a kitchen, living room and full bathroom; the lower apartment also has two bedrooms, while the upper apartment has one bedroom and a walk-in closet. Most flooring has been replaced with vinyl. A Navien unit provides heat and on-demand hot water, and the sewage pipes have been updated. One foundation wall requires replacement. The property is offered as-is.

Key Highlights

  • Triplex with 2,076 square feet of building area
  • Built in 1940
  • Three units: one front residence and two rear apartments

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

362
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Triplexes in Albany County, NY

$125 Jul
$117 Aug
$122 Sep
$127 Oct

Properties on Market for Triplexes in Albany County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three residential units comprise a front home and two rear apartments, with kitchens and living areas in the rear units.
Where is this triplex located?
The property is located at 1221 7th Ave Watervliet, NY.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Triplex with 2,076 square feet of building area; Built in 1940; Three units: one front residence and two rear apartments
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