Fully Renovated Multi-Family with
1427 4TH Avenue Watervliet, NY 12189
For Sale
$490,000
Studs-up renovation with updated electrical, in-unit washer hookups, and a spacious deck plus a detached residential unit.
Property Size4,204 SF
Price / SF$116.56
Days on Market111
Property Features for 1427 4TH Avenue
General Information
Standard status
Active
Size
4,204 SF
Property subtype
Multi-family
Building Details
Year Built
1962
Listing Agency:
KW Platform
Listed By:
Nathaniel Torres
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Apr 10
Changed: Jul 10
Last Checked: Jul 28 at 9:30PM
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 KW Platform
Investment Insights
Based on property information with market context.
This fully renovated multi-family property has been completely rebuilt from the studs up. The interior features modern finishes with updated electrical throughout. Each unit includes washer hookups, and the sale includes appliances for added day-to-day convenience. Bathrooms are finished with Italian marble tilework, and the home offers outdoor living with a spacious deck.
The property is located conveniently near the public pool and downtown Watervliet, with Latham shopping and dining just minutes away, along with access to major routes.
The layout supports flexible occupancy options, whether you are looking to owner-occupy while renting, or operate the home as a residential investment. In addition to the main multi-family building, the lot also includes an additional detached residential unit, providing extra space for rental income or alternative household use. The overall condition is turn-key in that it has been renovated and outfitted for immediate occupancy, with in-unit laundry hookups and included appliances reducing upfront downtime for both owners and tenants.
The property is located conveniently near the public pool and downtown Watervliet, with Latham shopping and dining just minutes away, along with access to major routes.
The layout supports flexible occupancy options, whether you are looking to owner-occupy while renting, or operate the home as a residential investment. In addition to the main multi-family building, the lot also includes an additional detached residential unit, providing extra space for rental income or alternative household use. The overall condition is turn-key in that it has been renovated and outfitted for immediate occupancy, with in-unit laundry hookups and included appliances reducing upfront downtime for both owners and tenants.
Key Highlights
- Fully renovated multi‑family property rebuilt from the studs up with updated electrical
- Year built 1962; modern finishes throughout
- Each unit includes washer hookups and the sale includes appliances
Financial Insights For Apartment 5plus
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 | $85.8k | $20.40 |
| − Vacancy | −$4.1k | −$0.98 |
| EGI | $81.6k | $19.42 |
| − OpEx | −$36.7k | −$8.74 |
| NOI | $44.9k | $10.68 |
4,204 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$641.5K
$561.3K – $748.4K
NOI $44,905 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,828 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Studs-up renovation with updated electrical, in-unit washer hookups, and a spacious deck plus a detached residential unit.
Where is this multifamily property located?
The property is located at 1427 4TH Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Fully renovated multi‑family property rebuilt from the studs up with updated electrical; Year built 1962; modern finishes throughout; Each unit includes washer hookups and the sale includes appliances
