Renovated Two-Family
For Sale
$299,900
186 Main Street, Cohoes, NY 12047
Completely renovated duplex with two updated units, each offering three bedrooms and two full bathrooms.
Property Size2,300 SF
Price / SF$130.39
Days on Market59
Property Features for 186 Main Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
central air conditioning
enclosed back porches with laundry
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Christopher McCabe
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 6
Changed: Jul 27
Last Checked: Aug 2 at 2:59PM
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 Venture Fox Realty Group LLC
Investment Insights
Based on property information with market context.
This completely renovated two-family property includes two updated residential units, each with three bedrooms and two full bathrooms. Both units feature modern finishes throughout, including updated kitchens with stainless steel appliances and tiled bathrooms. The dual-primary-suite layouts add flexibility within each unit, with one traditional primary arrangement and a second private suite with its own full bath.
Improvements also include forced hot air heating and central air conditioning. Enclosed back porches provide additional functional space and each includes laundry. Kitchen finishes vary by unit, with one offering quartz countertops and the other featuring granite.
Presented as a turnkey opportunity, the property is configured for immediate move-in readiness in its current duplex form.
Improvements also include forced hot air heating and central air conditioning. Enclosed back porches provide additional functional space and each includes laundry. Kitchen finishes vary by unit, with one offering quartz countertops and the other featuring granite.
Presented as a turnkey opportunity, the property is configured for immediate move-in readiness in its current duplex form.
Key Highlights
- Completely renovated two‑family duplex (built 1880) with two updated units featuring 3 bedrooms and 2 full bathrooms each
- Dual primary suite setup in each unit, including one private primary suite with its own full bath
- Updated kitchens with stainless steel appliances plus quartz countertops in one unit and granite countertops in the other
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 | $40.0k | $17.40 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $37.9k | $16.50 |
| − OpEx | −$11.4k | −$4.95 |
| NOI | $26.6k | $11.55 |
2,300 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,567 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$717.7K
$628.0K – $837.3K
NOI $50,239 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Completely renovated duplex with two updated units, each offering three bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 186 Main Street Cohoes, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Completely renovated two‑family duplex (built 1880) with two updated units featuring 3 bedrooms and 2 full bathrooms each; Dual primary suite setup in each unit, including one private primary suite with its own full bath; Updated kitchens with stainless steel appliances plus quartz countertops in one unit and granite countertops in the other
