Duplex with Detached
New
For Sale
$324,900
1850 8th Ave, Watervliet, NY 12189
Both units have formal dining rooms, kitchens, and their own washers and dryers.
Property Size2,392 SF
Price / SF$135.83
Days on Market3
Property Features for 1850 8th Ave
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
fenced-in yard
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
Next Chapter Real Estate Advisors
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Oct 16
Last Checked: Oct 16 at 7:26AM
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 Next Chapter Real Estate Advisors
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Investment Insights
Based on property information with market context.
This 2,392-square-foot duplex, built in 1880, contains two units with living rooms, formal dining rooms, and large kitchens. Each has its own washer and dryer, and the first-floor unit includes a dedicated laundry room. The units have separate utilities; the first-floor unit is vacant. Exterior features include a fenced yard, a detached two-car garage, and off-street parking.
The property occupies a double corner lot across from Clinton Park. I-787 and I-87 are a few minutes away, providing access to Albany, Troy, and Latham.
The property occupies a double corner lot across from Clinton Park. I-787 and I-87 are a few minutes away, providing access to Albany, Troy, and Latham.
Key Highlights
- Two‑unit residential property totaling 2,392 square feet
- Built in 1880
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,620
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,400
$552.4K
Cap Rate 7%
$394,571
$394.6K
Cap Rate 9%
$306,889
$306.9K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$41.6K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.5K $16.50/SF
− OpEx
−$11.8K −$4.95/SF
NOI
$27.6K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,400
Cap Rate 7%
$394,571
Cap Rate 9%
$306,889
Alternative Uses
Best Use
Multifamily LT 5
$394.6K
$345.3K – $460.3K
NOI $27,620 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$365.0K
$319.4K – $425.8K
NOI $25,550 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$746.4K
$653.1K – $870.8K
NOI $52,249 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 12189, NY
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units have formal dining rooms, kitchens, and their own washers and dryers.
Where is this duplex located?
The property is located at 1850 8th Ave Watervliet, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑unit residential property totaling 2,392 square feet; Built in 1880; Separate utilities for each unit
