Renovated Two-Unit
For Sale
$239,900
1522 7th Avenue, Watervliet, NY 12189
Two one-bedroom apartments feature updated interiors, separate utilities, and current leases.
Property Size1,280 SF
Price / SF$187.42
Days on Market84
Property Features for 1522 7th Avenue
General Information
Standard status
Active
Size
1,280 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
Multi Residence
Taxes and HOA fees
Annual Taxes
$3,000
Building Details
Year Built
1890
Listing Agency:
MLS 4 Less Realty
Listed By:
Josie Reo · License #10401303270
(518) 925-0230
Source:
Capmarkrealty
Added: Jul 24
Changed: Oct 11
Last Checked: Oct 14 at 8:24PM
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 MLS 4 Less Realty
Investment Insights
Based on property information with market context.
This two-family duplex includes two renovated apartments, each configured with 1 bedroom and 1 bath. Both units offer bright living areas, updated kitchens and bathrooms, and separate utility service. The property was built in 1890 and carries Multi Residence zoning.
Both apartments are currently leased, while the upstairs tenancy is scheduled to end at the close of July. That timing provides flexibility for a new owner. The property is located in Watervliet, near shopping, dining, and major highways, with access suited to local commuting.
Both apartments are currently leased, while the upstairs tenancy is scheduled to end at the close of July. That timing provides flexibility for a new owner. The property is located in Watervliet, near shopping, dining, and major highways, with access suited to local commuting.
Key Highlights
- Two‑unit duplex with 1‑bedroom, 1‑bath apartments
- Renovated interiors with updated kitchens and bathrooms
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,780
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,600
$295.6K
Cap Rate 7%
$211,143
$211.1K
Cap Rate 9%
$164,222
$164.2K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$22.3K $17.40/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$21.1K $16.50/SF
− OpEx
−$6.3K −$4.95/SF
NOI
$14.8K $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%
$295,600
Cap Rate 7%
$211,143
Cap Rate 9%
$164,222
Alternative Uses
Best Use
Multifamily LT 5
$211.1K
$184.8K – $246.3K
NOI $14,780 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.9K
NOI $13,672 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$399.4K
$349.5K – $466.0K
NOI $27,959 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
452
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
Check the figures for this property
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 - Two one-bedroom apartments feature updated interiors, separate utilities, and current leases.
Where is this duplex located?
The property is located at 1522 7th Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with 1‑bedroom, 1‑bath apartments; Renovated interiors with updated kitchens and bathrooms; Separate utilities for each unit
