Duplex with
For Sale
$275,000
1326 8TH Avenue, Watervliet, NY 12189
Separate utility service and private fenced yards provide distinct outdoor space for each residence.
Property Size1,908 SF
Price / SF$144.13
Days on Market14
Property Features for 1326 8TH Avenue
General Information
Standard status
Active
Size
1,908 SF
Total Parking Spaces
1
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
private fenced yard
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Abigail Curtiss · License #10401362361
(518) 653-1898
Source:
Signatureonerealtygroup
Added: Oct 2
Changed: Oct 13
Last Checked: Oct 15 at 12:06AM
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 Venture Fox Realty Group LLC
Investment Insights
Based on property information with market context.
This two-family duplex in Watervliet contains 1,908 square feet and dates to 1920. The upper residence is vacant, and each unit has its own fenced yard. Separate utilities serve the two residences. A one-car garage offers covered parking or storage, and the property occupies a double lot.
Key Highlights
- Two‑family property with 1,908 square feet
- Upper unit is vacant
- Separate utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,031
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,620
$440.6K
Cap Rate 7%
$314,729
$314.7K
Cap Rate 9%
$244,789
$244.8K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$33.2K $17.40/SF
− Vacancy
−$1.7K −$0.90/SF
EGI
$31.5K $16.50/SF
− OpEx
−$9.4K −$4.95/SF
NOI
$22.0K $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 Rate 5%
$440,620
Cap Rate 7%
$314,729
Cap Rate 9%
$244,789
Alternative Uses
Best Use
Multifamily LT 5
$314.7K
$275.4K – $367.2K
NOI $22,031 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$291.1K
$254.8K – $339.7K
NOI $20,380 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$595.4K
$521.0K – $694.6K
NOI $41,677 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
362
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility service and private fenced yards provide distinct outdoor space for each residence.
Where is this duplex located?
The property is located at 1326 8TH Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑family property with 1,908 square feet; Upper unit is vacant; Separate utilities for each residence
