Duplex with Detached
New
For Sale
$349,000
2318 9th Avenue, Watervliet, NY 12189
MultiFamily, Watervliet, NY
Property Size2,412 SF
Lot Size0.27 Acres
Price / SF$144.69
Days on Market2
Property Features for 2318 9th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking
2
Patio and Porch features
Porch
Exterior features
Garden
Basement
Full, Unfinished
Lot features
Cleared
Elementary school district
Watervliet
Middle school district
Watervliet
High school district
Watervliet
Directions
Take I-787 N to 23rd St in Watervliet. Take exit 8 from I-787 N 4 min (2.8 mi) Take 24th St to 9th Ave
Standard status
Active
APN
011800 32.50-1-27
Size
2,412 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
4653
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Cooling system
Ductless
Water source
Public
Building Details
Year built
1880
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
Gucciardo Real Estate Group LLC
(518) 221-9079
Listed By:
Pavel Karakalchu · License #10401307281
(518) 728-6305
Added: Oct 17
Last Checked: Oct 18 at 12:06AM
MLS# 202628479
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.
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Investment Insights
Based on property information with market context.
At 2318 9th Avenue in Watervliet, this brick duplex contains 2,412 square feet across two apartments: one with two bedrooms and one full bathroom, the other with three bedrooms and one full bathroom. The property also includes a fenced yard and a detached two-car garage. Updates include electrical panels, ductless mini-split heating and cooling, vinyl windows, and an EPDM roof. Hardwood flooring and a porch are additional features.
The 0.27-acre property is within walking distance of local restaurants, lounges, and shops. Public water and public sewer serve the property.
The 0.27-acre property is within walking distance of local restaurants, lounges, and shops. Public water and public sewer serve the property.
Key Highlights
- Two apartments: one with 2 bedrooms and 1 full bath; one with 3 bedrooms and 1 full bath
- 2,412 square feet on a 0.27‑acre lot
- Detached two‑car garage and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,850
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,000
$557.0K
Cap Rate 7%
$397,857
$397.9K
Cap Rate 9%
$309,444
$309.4K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$42.0K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.8K $16.50/SF
− OpEx
−$11.9K −$4.95/SF
NOI
$27.9K $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%
$557,000
Cap Rate 7%
$397,857
Cap Rate 9%
$309,444
Alternative Uses
Best Use
Multifamily LT 5
$397.9K
$348.1K – $464.2K
NOI $27,850 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.4K
NOI $25,764 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$752.6K
$658.6K – $878.1K
NOI $52,685 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
424
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments offer two-bedroom and three-bedroom layouts, with one full bathroom in each.
Where is this duplex located?
The property is located at 2318 9th Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and 1 full bath; one with 3 bedrooms and 1 full bath; 2,412 square feet on a 0.27‑acre lot; Detached two‑car garage and fenced yard
