Duplex with Detached
New
For Sale
$299,000
1572 3rd St, Rensselaer, NY 12144
Two separate units each include hookups for an in-unit washer and dryer.
Property Size2,084 SF
Price / SF$143.47
Days on Market4
Property Features for 1572 3rd St
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
fenced-in backyard
detached garage
in-unit washer and dryer hookups
Building Details
Year Built
1870
Listing Agency:
Berkshire Hathaway Home Services Blake
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Oct 7
Changed: Oct 9
Last Checked: Oct 9 at 8:00PM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This updated duplex contains two units within a 2,084-square-foot building constructed in 1870. Each residence has washer and dryer hookups, and the property also includes a detached garage and a fenced backyard.
Shopping, restaurants, public transportation, and everyday services are nearby. The two-unit configuration may suit an owner-occupant seeking rental income or an investor, as described in the property information.
Shopping, restaurants, public transportation, and everyday services are nearby. The two-unit configuration may suit an owner-occupant seeking rental income or an investor, as described in the property information.
Key Highlights
- Two‑unit duplex with 2,084 square feet of building area
- Washer and dryer hookups in both units
- Detached garage and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,296
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,920
$545.9K
Cap Rate 7%
$389,943
$389.9K
Cap Rate 9%
$303,289
$303.3K
Market Conditions
NOI Build-Up for 2,084 SF
Gross rent
$41.3K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.0K $18.71/SF
− OpEx
−$11.7K −$5.61/SF
NOI
$27.3K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,920
Cap Rate 7%
$389,943
Cap Rate 9%
$303,289
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.2K – $454.9K
NOI $27,296 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$361.4K
$316.2K – $421.6K
NOI $25,296 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$521.0K
$455.9K – $607.8K
NOI $36,468 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
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 separate units each include hookups for an in-unit washer and dryer.
Where is this duplex located?
The property is located at 1572 3rd St Rensselaer, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,084 square feet of building area; Washer and dryer hookups in both units; Detached garage and fenced backyard
