Side-by-Side Duplex with Garage
For Sale
$385,000
336 Columbia Street, Cohoes, NY 12047
Two connected residences offer separate utilities, private entrances, laundry areas, and flexible upper-level living space.
Property Size2,810 SF
Price / SF$137.01
Days on Market50
Property Features for 336 Columbia Street
General Information
Standard status
Active
Size
2,810 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,982
Amenities
porch
sun porch
deck
laundry
Building Details
Year Built
1930
Buildings
1
Construction
Dutch Colonial
Listing Agency:
Howard Hanna Capital Inc
(518) 209-8558
Listed By:
Victoria M Gettings · License #30GE0759241
(518) 209-8558
Source:
Capmarkrealty
Added: Jul 11
Changed: Aug 28
Last Checked: Aug 29 at 6:15AM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
Built in 1930, this 2,810 sq. ft. side-by-side duplex pairs two residential units within a Dutch Colonial-style structure. Each side includes a full bath, three upper-level rooms suited to bedroom or office use, an enclosed porch entry, private basement space, and its own laundry and storage areas. Separate utilities and GHW radiant heat support independent operation. The owner-occupied side includes a living room, dining room, sun porch, office with half bath, and galley kitchen with stainless steel appliances. Full attic access, two of three garage stalls, and a garden shed add storage flexibility.
The property includes a quiet enclosed rear yard accessed from Sunset Court, mature trees, perennial plantings, and an 18X20 deck. It is a 5-minute walk from ice cream, schools, and parks, with Latham and Downtown Cohoes shops about a 5-minute drive away. Cohoes Falls is approximately 5 minutes away, while Peebles Island State Park is 10 minutes away. One unit has been occupied by the same tenant for 10+ years.
The property includes a quiet enclosed rear yard accessed from Sunset Court, mature trees, perennial plantings, and an 18X20 deck. It is a 5-minute walk from ice cream, schools, and parks, with Latham and Downtown Cohoes shops about a 5-minute drive away. Cohoes Falls is approximately 5 minutes away, while Peebles Island State Park is 10 minutes away. One unit has been occupied by the same tenant for 10+ years.
Key Highlights
- 2,810 sq. ft. side‑by‑side duplex built in 1930
- Separate utilities and GHW radiant heat for both units
- Each unit includes 3 upper‑level rooms, a full bath, private basement, and laundry/storage area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,920
$648.9K
Cap Rate 7%
$463,514
$463.5K
Cap Rate 9%
$360,511
$360.5K
Market Conditions
NOI Build-Up for 2,810 SF
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.
Gross rent
$48.9K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$46.4K $16.50/SF
− OpEx
−$13.9K −$4.95/SF
NOI
$32.4K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,920
Cap Rate 7%
$463,514
Cap Rate 9%
$360,511
Alternative Uses
Best Use
Multifamily LT 5
$463.5K
$405.6K – $540.8K
NOI $32,446 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$428.8K
$375.2K – $500.3K
NOI $30,015 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$876.8K
$767.2K – $1.02M
NOI $61,379 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two connected residences offer separate utilities, private entrances, laundry areas, and flexible upper-level living space.
Where is this duplex located?
The property is located at 336 Columbia Street Cohoes, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,810 sq. ft. side‑by‑side duplex built in 1930; Separate utilities and GHW radiant heat for both units; Each unit includes 3 upper‑level rooms, a full bath, private basement, and laundry/storage area
