Duplex with Inground
New
For Sale
$317,000
19 Glen Ave, Watervliet, NY 12189
Two residences feature separate decks, central air conditioning, and washer/dryer connections.
Property Size2,165 SF
Price / SF$146.42
Days on Market4
Property Features for 19 Glen Ave
General Information
Standard status
Active
Size
2,165 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Amenities
pool
central A/C
private side decks
washer/dryer hookups
walk-out basement
large fenced backyard
off-street driveway parking
Building Details
Year Built
1875
Listing Agency:
Nicole Mclenithan Real Estate
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 1 at 11:15AM
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 Nicole Mclenithan Real Estate
Investment Insights
Based on property information with market context.
Built in 1875, this 2,165-square-foot duplex has two distinct living areas and an inground pool. The ground-floor residence includes an eat-in kitchen and two bedrooms. Above it, a two-story unit spans the second and third floors and contains three bedrooms. Both residences have central air conditioning, private side decks, and washer/dryer hookups. Recent work includes flooring, plumbing, and a hot water tank; the pool liner was replaced in November 2024.
The property occupies just over one-third of an acre at 19 Glen Avenue in Watervliet. A fenced backyard, walk-out basement, and off-street driveway parking are among the additional features. The building is currently used as one residence.
The property occupies just over one-third of an acre at 19 Glen Avenue in Watervliet. A fenced backyard, walk-out basement, and off-street driveway parking are among the additional features. The building is currently used as one residence.
Key Highlights
- 2,165‑square‑foot duplex built in 1875
- Two‑story upper residence has three bedrooms; first‑floor unit has two
- Inground pool with liner replaced in November 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,998
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,960
$500.0K
Cap Rate 7%
$357,114
$357.1K
Cap Rate 9%
$277,756
$277.8K
Market Conditions
NOI Build-Up for 2,165 SF
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.
Gross rent
$37.7K $17.40/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$35.7K $16.50/SF
− OpEx
−$10.7K −$4.95/SF
NOI
$25.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,960
Cap Rate 7%
$357,114
Cap Rate 9%
$277,756
Alternative Uses
Best Use
Multifamily LT 5
$357.1K
$312.5K – $416.6K
NOI $24,998 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$330.4K
$289.1K – $385.4K
NOI $23,125 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$675.6K
$591.1K – $788.2K
NOI $47,290 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
365
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature separate decks, central air conditioning, and washer/dryer connections.
Where is this duplex located?
The property is located at 19 Glen Ave Watervliet, NY.
What is the asking price?
The asking price for this property is $317,000.
What are key features of this property?
This property features: 2,165‑square‑foot duplex built in 1875; Two‑story upper residence has three bedrooms; first‑floor unit has two; Inground pool with liner replaced in November 2024
