Duplex With Inground
New
For Sale
$317,000
19 Glen Avenue, Watervliet, NY 12189
MultiFamily, Watervliet, NY
Property Size2,165 SF
Lot Size0.31 Acres
Price / SF$146.42
Days on Market2
Property Features for 19 Glen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 4
Parking
3
Parking features
Driveway, Off Street
Patio and Porch features
Porch, Deck
Interior features
Walk-In Closet(s)
Fencing
Chain Link, Fenced
Basement
Full, Walk-Out Access, Unfinished
Elementary school district
Watervliet
Middle school district
Watervliet
High school district
Watervliet
Directions
Route 2 (19th Street) to 10th Avenue and a left onto Glen Ave. (a small street between 23rd & 24th Streets) The home will be on your right.
Standard status
Active
APN
011800 32.49-2-38
Size
2,165 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
4428
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
inground pool
central A/C
private side decks
washer/dryer hookups
walk-out basement
off-street driveway parking
fenced backyard
Building Details
Year built
1875
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Nicole Wilkie · License #10301223997
(518) 221-4052
Added: Sep 26
Changed: Sep 27
Last Checked: Sep 27 at 3:06PM
MLS# 202627017
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,165-square-foot duplex, built in 1875, is currently occupied as one single-family home. The first-floor unit has an eat-in kitchen and two bedrooms; the upper residence spans the second and third floors and contains three bedrooms. Both units include central air, private side decks, and washer/dryer hookups. Recent work includes flooring, plumbing, and a hot water tank, while the inground pool’s liner was replaced in November 2024.
The property also has a walk-out basement, driveway parking, and a fenced backyard. Public water and sewer serve the property. The two-unit layout and its current single-family use provide distinct configuration options.
The property also has a walk-out basement, driveway parking, and a fenced backyard. Public water and sewer serve the property. The two-unit layout and its current single-family use provide distinct configuration options.
Key Highlights
- Two‑unit property with 2,165 square feet
- First‑floor unit has two bedrooms; upper unit has three bedrooms across two floors
- Inground pool 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
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have central air, private decks, and washer/dryer hookups.
Where is this duplex located?
The property is located at 19 Glen Avenue 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: Two‑unit property with 2,165 square feet; First‑floor unit has two bedrooms; upper unit has three bedrooms across two floors; Inground pool liner replaced in November 2024
