2-Unit Duplex with Central
For Sale
$299,900
186 Main Street, Cohoes, NY 12047
Each residence has three bedrooms, two full bathrooms, laundry, and an updated kitchen.
Property Size2,300 SF
Price / SF$130.39
Days on Market118
Property Features for 186 Main Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,096
Amenities
enclosed back porches
laundry
forced hot air heating
central air conditioning
stainless steel appliances
tiled bathrooms
Building Details
Building Size
2,300 SF
Year Built
1880
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Christopher McCabe · License #40MC1144610
(518) 378-8756
Source:
Stagednest
Added: Jul 1
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
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 at 186 Main Street contains two residences, each with three bedrooms and two full bathrooms. Both include two primary suites, updated kitchens with stainless steel appliances, tiled bathrooms, and enclosed rear porches with laundry. Kitchen finishes differ: one unit has quartz countertops and the other granite. Forced hot air heating and central air conditioning serve the property, which was built in 1880 and renovated over the past several years.
The property is within the Cohoes City School District. Its two similar bedroom-and-bathroom layouts provide a consistent configuration across both units.
The property is within the Cohoes City School District. Its two similar bedroom-and-bathroom layouts provide a consistent configuration across both units.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,300 square feet; built in 1880
- Two primary suites in each residence
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full bathrooms, laundry, and an updated kitchen.
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 residences, each with 3 bedrooms and 2 full bathrooms; 2,300 square feet; built in 1880; Two primary suites in each residence
