All-Brick 4-Unit
164 Main Street, Cohoes, NY 12047
Turnkey four-unit quadplex with tenant-paid heat and electric through separate utility meters.
Type:Multi-family
Property size:
3,480 SFPrice / SF:
$136/SF- Added:
- May 26, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 5 at 2:13 am
Property Features for 164 Main Street
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1958
Listing office Carr Real Estate Group,LLC
Listing date May 26, 2026
Source Signatureonerealtygroup
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 Carr Real Estate Group,LLC
HighLights
- All‑brick 4‑unit multi‑family built in 1958 with 10 total bedrooms across four apartments
- Current rent roll listed as $5,800 per month when fully occupied
- Tenant‑paid heat and electric with four separate natural gas and electric meters
- Unit mix: Unit 1 basement 1 bed/1 bath; Units 2–4 are 3‑bedroom layouts
- Recent exterior updates include new front exterior facelift with clean aluminum wrap and new vinyl siding on the rear
- 1st‑floor unit is vacant, making it easier to tour and set your own rent after closing
Overview
This all-brick four-unit quadplex offers a total of 10 bedrooms across four apartments, with Unit 1 in the basement configured as a 1-bedroom, 1-bath layout. Units 2, 3, and 4 are each 3-bedroom apartments. The property is described as turnkey, with recent capital improvements intended to reduce near-term maintenance. Exterior updates include a brand-new front exterior facelift with aluminum wrap, along with brand-new vinyl siding across the rear exterior.
Located at 164 Main Street in Cohoes, the building is presented as an investor-friendly setup with logistics that support flexible ownership. The 1st-floor unit is intentionally left vacant for easier showings, allowing a buyer to tour the property and set their own approach after closing. The property is reported to generate $5,800 in monthly rent when fully occupied.
Utility service is separated by tenant, with tenants paying their own heat and electric. The building has four separate natural gas and electric meters, one for each unit, which can simplify billing and operating routines. With a mix of unit sizes and a layout designed for high occupancy, this quadplex fits investors seeking a straightforward, all-residential income property or an owner-occupant who wants the option of living in one unit while renting the others.
Located at 164 Main Street in Cohoes, the building is presented as an investor-friendly setup with logistics that support flexible ownership. The 1st-floor unit is intentionally left vacant for easier showings, allowing a buyer to tour the property and set their own approach after closing. The property is reported to generate $5,800 in monthly rent when fully occupied.
Utility service is separated by tenant, with tenants paying their own heat and electric. The building has four separate natural gas and electric meters, one for each unit, which can simplify billing and operating routines. With a mix of unit sizes and a layout designed for high occupancy, this quadplex fits investors seeking a straightforward, all-residential income property or an owner-occupant who wants the option of living in one unit while renting the others.
Local Financial Insights For Multifamily LT 5
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 | $60.6k | $17.40 |
| − Vacancy | −$3.1k | −$0.90 |
| EGI | $57.4k | $16.50 |
| − OpEx | −$17.2k | −$4.95 |
| NOI | $40.2k | $11.55 |
3,480 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$574.0K
$502.3K – $669.7K
NOI $40,182 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,171 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.09M
$950.2K – $1.27M
NOI $76,014 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Cohoes
- County
- Albany
- State
- New York
- Longitude
- -73.7003482
- Latitude
- 42.7674905
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Turnkey four-unit quadplex with tenant-paid heat and electric through separate utility meters.
Where is this quadplex located?
The property is located at 164 Main Street Cohoes, NY.
What is the asking price?
The asking price for this property is $475,900.
What are key features of this property?
This property features: All‑brick 4‑unit multi‑family built in 1958 with 10 total bedrooms across four apartments; Current rent roll listed as $5,800 per month when fully occupied; Tenant‑paid heat and electric with four separate natural gas and electric meters
