Two-Family Duplex with Detached
New
For Sale
$324,900
1850 8th Avenue, Watervliet, NY 12189
Residential Income, Watervliet, NY
Property Size2,392 SF
Lot Size0.17 Acres
Price / SF$135.83
Days on Market2
Property Features for 1850 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Patio and Porch features
Deck
Fencing
Fenced
Lot features
Corner Lot
High school district
000000
Directions
From I-787, take Exit 8 toward 23rd Street/Watervliet. Head west on 23rd Street, turn left onto 8th Avenue, and continue to 1850 8th Avenue
Standard status
Active
APN
011800 32.58-2-31
Size
2,392 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
4781
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
fenced-in yard
detached 2-car garage
in-unit washer/dryer
dedicated laundry room
Building Details
Year built
1880
Number of units
2
Flooring type
Hardwood
Building materials
Vinyl Siding
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Amanda L Hart
(518) 366-6974
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 9:06PM
MLS# 12028373
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains two units within 2,392 square feet on a 0.17-acre lot. Both residences have living rooms, formal dining rooms, large kitchens, and their own washers and dryers; the first-floor unit also has a dedicated laundry room. Each unit is separately metered for utilities. The property includes hardwood flooring, vinyl siding, a deck, a fenced yard, and a detached two-car garage. Built in 1880, the home uses natural gas and hot-water heating.
The property is across from Clinton Park and provides access to I-787 and I-87. Watervliet is the stated postal city.
The property is across from Clinton Park and provides access to I-787 and I-87. Watervliet is the stated postal city.
Key Highlights
- Two‑unit property with 2,392 square feet of building area
- 0.17‑acre lot
- Detached two‑car garage and off‑street parking
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer individual utilities, in-unit laundry, and a fenced outdoor area.
Where is this duplex located?
The property is located at 1850 8th Avenue 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 property with 2,392 square feet of building area; 0.17‑acre lot; Detached two‑car garage and off‑street parking
