Renovated Two-Family
1540 8th Avenue Watervliet, NY 12189
For Sale
$275,000
MULTI_FAMILY - Watervliet, NY
Property Size2,231 SF
Lot Size0.06 Acres
Price / SF$123.26
Days on Market80
Property Features for 1540 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking
4
Fencing
Chain Link
Basement
Apartment, Partial
Standard status
Active
APN
011800 32.66-4-4
Size
2,231 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
2263
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Electric (Heating)
Water source
Public
Building Details
Year built
1970
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Abigail Curtiss · License #10401362361
(518) 653-1898
Added: May 11
Changed: Jul 24
Last Checked: Jul 29 at 9:06AM
MLS# 202617258
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated two-family property is located in Watervliet, NY. The property contains a spacious 3-bedroom unit upstairs and a 2-bedroom unit on the first floor. Both units are currently unoccupied. The second-floor unit includes a private backyard. The property is suitable for expanding an investment portfolio or for future owner-occupancy. The property has a strong rental history and requires minimal upkeep. The lot size is 0.06 acres, and the property size is 2231 square feet.
Key Highlights
- Fully renovated two‑family property with a 3‑bedroom upstairs unit and 2‑bedroom first‑floor unit
- Both units are currently unoccupied
- Second‑floor unit includes a private backyard
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 | $45.5k | $20.40 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $43.3k | $19.42 |
| − OpEx | −$19.5k | −$8.74 |
| NOI | $23.8k | $10.68 |
2,231 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.0K
$322.0K – $429.4K
NOI $25,761 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$340.4K
$297.9K – $397.2K
NOI $23,830 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$696.2K
$609.2K – $812.2K
NOI $48,732 @ 7.0% cap · market cap 17.72%
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?
Duplex - Turnkey two-family property in Watervliet, NY. Strong rental history.
Where is this duplex located?
The property is located at 1540 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: Fully renovated two‑family property with a 3‑bedroom upstairs unit and 2‑bedroom first‑floor unit; Both units are currently unoccupied; Second‑floor unit includes a private backyard
