Turnkey Multi-Family Investment
164 Main Street Cohoes, NY 12047
164 Main Street, Cohoes, NY, 12047
$475,900
Pending
For Sale
$475,900
Pending
MULTI_FAMILY - Other - Cohoes, NY
Property Size3,480 SF
Lot Size0.10 Acres
Days on Market50
Property Features for 164 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 10, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 8
- Patio and Porch features
- Porch
- Interior features
- Built-in Features, Ceramic Tile Bath
- Fencing
- Fenced
- Basement
- Finished, Apartment, Interior Entry, Full, Walk-Out Access
- Standard status
- Pending
- APN
- 010300 10.83-2-5
- Size
- 3,480 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5736
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1958
- Number of units
- 4
- Flooring type
- Tile - Ceramic, Vinyl, Tile, Laminate
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing Agency
Carr Real Estate Group, LLC
(518) 488-2434
79 Blue Jay Way, Rexford, NY
Listed by
Richard Carr · License #10491207486
(518) 488-2434
Added: May 29 Checked: Jul 17 at 12:06 am
MLS# 202618422
Listing URL
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 all-brick, four-unit multi-family property is located in Cohoes. It features a high-occupancy layout with a total of 10 bedrooms. Unit 1, located in the basement, has 1 bedroom and 1 bath. Units 2, 3, and 4 each have 3-bedroom layouts. The property has separate utilities, with tenants paying their own heat and electric. There are four separate natural gas and electric meters. Recent capital improvements have been made, including a new front exterior facelift with clean aluminum wrap and new vinyl siding across the entire rear exterior. The 1st-floor unit is intentionally left vacant.
Key Highlights
- All‑brick 4‑unit multi‑family built in 1958 with 10 total bedrooms across four apartments
- Unit mix: Basement 1BR/1BA plus three 3‑bedroom units (Units 2, 3, and 4)
- Tenants pay their own heat and electric with 4 separate natural gas and electric meters
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit, all-brick multi-family property in the heart of Cohoes.
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; Unit mix: Basement 1BR/1BA plus three 3‑bedroom units (Units 2, 3, and 4); Tenants pay their own heat and electric with 4 separate natural gas and electric meters
