Duplex with Dual Primary
186 Main Street, Cohoes, NY 12047
For Sale
$299,900
Both residences include central air, laundry, and updated kitchens with stainless steel appliances.
Property Size2,300 SF
Price / SF$130.39
Days on Market12
Property Features for 186 Main Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceramic Tile Bath
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Christopher McCabe · License #40MC1144610
(518) 378-8756
Source:
Chadmajewski
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 6 at 4:45AM
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
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Investment Insights
Based on property information with market context.
This 2,300-square-foot duplex, built in 1880, contains two residences with matching layouts: three bedrooms and two full bathrooms apiece. Each unit has two primary suites, including one with a private full bath. Renovations completed over the past several years brought updated kitchens and tiled bathrooms; one kitchen has quartz countertops and the other granite. Forced hot air heating and central air conditioning serve the property, while enclosed rear porches provide laundry areas.
The property is within the Cohoes City School District. Its two-unit configuration and separate interior finishes are complemented by shared mechanical features and laundry on the enclosed porches.
The property is within the Cohoes City School District. Its two-unit configuration and separate interior finishes are complemented by shared mechanical features and laundry on the enclosed porches.
Key Highlights
- Two‑unit duplex totaling 2,300 square feet
- Each residence has 3 bedrooms and 2 full bathrooms
- Two primary suites in each unit, including one with a private full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,557
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,140
$531.1K
Cap Rate 7%
$379,386
$379.4K
Cap Rate 9%
$295,078
$295.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$40.0K $17.40/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$37.9K $16.50/SF
− OpEx
−$11.4K −$4.95/SF
NOI
$26.6K $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%
$531,140
Cap Rate 7%
$379,386
Cap Rate 9%
$295,078
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
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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
$237,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cohoes, NY
Properties on Market for Duplexes in Cohoes
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include central air, laundry, and updated kitchens with stainless steel appliances.
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: Two‑unit duplex totaling 2,300 square feet; Each residence has 3 bedrooms and 2 full bathrooms; Two primary suites in each unit, including one with a private full bath
