Updated Two-Unit
For Sale
$193,500
Pending
24 Chestnut Street, Cohoes, NY 12047
Fully occupied duplex with separate utilities, updated apartments, fenced backyard, and flexible month-to-month tenancy.
Property Size1,632 SF
Days on Market92
Property Features for 24 Chestnut Street
General Information
Standard status
Pending
Size
1,632 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$3,566
Building Details
Year Built
1912
Listing Agency:
KW Platform
Listed By:
Christopher Iwinski · License #10401237144
(518) 405-6888
Source:
Capmarkrealty
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 19 at 3:51AM
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 KW Platform
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Investment Insights
Based on property information with market context.
This 1,632-square-foot duplex contains two matching apartments, each with two bedrooms and one bathroom. Both units have efficient layouts, separate utilities, and month-to-month tenants. Interior updates include newer cabinets and flooring in each apartment, while the property also provides tenant storage areas and a fenced backyard.
Major systems have been improved, including electrical, plumbing, and heating work completed approximately 10 years ago. Vinyl replacement windows, new siding, and a professionally coated rubber roof were completed approximately 3 years ago.
The property is positioned on a quiet one-way street in Cohoes, steps from the Empire State Trail and West End Park. Cohoes Middle School is within walking distance, adding convenient access to nearby recreation and education facilities.
Major systems have been improved, including electrical, plumbing, and heating work completed approximately 10 years ago. Vinyl replacement windows, new siding, and a professionally coated rubber roof were completed approximately 3 years ago.
The property is positioned on a quiet one-way street in Cohoes, steps from the Empire State Trail and West End Park. Cohoes Middle School is within walking distance, adding convenient access to nearby recreation and education facilities.
Key Highlights
- Two‑unit duplex with 1,632 SF of total property size
- Two 2‑bedroom, 1‑bath apartments with separate utilities
- Fully occupied with month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,432
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,640
$348.6K
Cap Rate 7%
$249,029
$249.0K
Cap Rate 9%
$193,689
$193.7K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$33.3K $20.40/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$31.7K $19.42/SF
− OpEx
−$14.3K −$8.74/SF
NOI
$17.4K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,640
Cap Rate 7%
$249,029
Cap Rate 9%
$193,689
Alternative Uses
Best Use
Multifamily LT 5
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,432 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$509.3K
$445.6K – $594.1K
NOI $35,648 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
640
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
Check the figures for this property
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 - Fully occupied duplex with separate utilities, updated apartments, fenced backyard, and flexible month-to-month tenancy.
Where is this duplex located?
The property is located at 24 Chestnut Street Cohoes, NY.
What is the asking price?
The asking price for this property is $193,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,632 SF of total property size; Two 2‑bedroom, 1‑bath apartments with separate utilities; Fully occupied with month‑to‑month tenants
