Two-Unit
New
For Sale
$299,000
1572 3rd Street, Rensselaer, NY 12144
MultiFamily, Rensselaer, NY
Property Size2,084 SF
Lot Size0.12 Acres
Price / SF$143.47
Days on Market4
Property Features for 1572 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
Parking
4
Parking features
Driveway, Garage, Off Street
Interior features
Walk-In Closet(s)
Basement
Full, Walk-Out Access, Unfinished
Lot features
Road Frontage, Cleared
Elementary school district
Rensselaer
Middle school district
Rensselaer
High school district
Rensselaer
Directions
Take I-90 to Exit, at the end of the exit ramp, turn right onto Washington Avenue East, Left onto 3rd Avenue. Follow 3rd Avenue/3rd Street until you reach 1572.
Standard status
Active
APN
381400 133.78-13-9
Size
2,084 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
3304
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
fenced-in backyard
detached garage
in-unit washer and dryer hookups
Building Details
Year built
1870
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt, Rubber
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Erin Robilotta · License #10301223726
(518) 461-4710
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 9 at 1:06AM
MLS# 202627670
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 duplex contains two units within 2,084 square feet on a 0.12-acre parcel. Built in 1870, the property has vinyl siding, carpet and laminate flooring, and a walk-in closet. Washer and dryer hookups are present in both units, and the backyard is fenced. A detached garage, driveway, and off-street parking provide several parking options.
Heating is natural gas forced air, with public water and public sewer service. The property is located in Rensselaer, near shopping, public transportation, and restaurants.
Heating is natural gas forced air, with public water and public sewer service. The property is located in Rensselaer, near shopping, public transportation, and restaurants.
Key Highlights
- Two‑unit duplex with 2,084 square feet of building area
- 0.12‑acre parcel with a fenced backyard
- Washer and dryer hookups in both units
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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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 - Both units have washer and dryer hookups; the property also includes a fenced yard and detached garage.
Where is this duplex located?
The property is located at 1572 3rd Street 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; 0.12‑acre parcel with a fenced backyard; Washer and dryer hookups in both units
