Two-Family Residential Income
For Sale
$205,000
24 Chestnut Street, Cohoes, NY 12047
Well-maintained two-unit home with separate utilities, updated interiors, and multiple system improvements.
Property Size1,632 SF
Price / SF$125.61
Days on Market42
Property Features for 24 Chestnut Street
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1912
Tenancy
Multi
Listing Agency:
KW Platform
Listed By:
Christopher Iwinski
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 24
Changed: Jul 10
Last Checked: Aug 3 at 1:38PM
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
Investment Insights
Based on property information with market context.
24 Chestnut Street is a well-maintained, fully occupied two-family property featuring two symmetrical apartments. Each unit offers a 2-bedroom, 1-bath layout with functional, efficient design. The apartments are separately served by their own utilities, and the property is currently managed with month-to-month tenants. Updates inside include newer or updated cabinets and flooring in both the upstairs and downstairs units.
The home is located on a quiet one-way street in Cohoes. Exterior improvements include replacement vinyl windows installed approximately 3 years ago, new siding, and a rubber roof that was professionally coated approximately 3 years ago. Major systems have also been refreshed, with updated electrical, plumbing, and heating completed approximately 10 years ago. Additional amenities include a fenced backyard and separate tenant storage areas, currently underutilized.
For investors or owner-occupants, the property’s two separate units and separate utilities provide operational flexibility, while the documented capital improvements help reduce near-term replacement concerns. With both apartments in place and operating under month-to-month tenancy, the asset can support a variety of ownership strategies, including living in one unit while receiving rental income from the other. Access to the Empire State Trail and West End Park is described as being just steps away, with nearby walkability to local schooling.
The home is located on a quiet one-way street in Cohoes. Exterior improvements include replacement vinyl windows installed approximately 3 years ago, new siding, and a rubber roof that was professionally coated approximately 3 years ago. Major systems have also been refreshed, with updated electrical, plumbing, and heating completed approximately 10 years ago. Additional amenities include a fenced backyard and separate tenant storage areas, currently underutilized.
For investors or owner-occupants, the property’s two separate units and separate utilities provide operational flexibility, while the documented capital improvements help reduce near-term replacement concerns. With both apartments in place and operating under month-to-month tenancy, the asset can support a variety of ownership strategies, including living in one unit while receiving rental income from the other. Access to the Empire State Trail and West End Park is described as being just steps away, with nearby walkability to local schooling.
Key Highlights
- Two‑family home built in 1912 with two symmetrical 2‑bedroom, 1‑bath units at 24 Chestnut St
- Each unit has separate utilities and month‑to‑month tenants
- Upstairs unit rents for $1,200/month; downstairs unit rents for $1,150/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $17.40 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $26.9k | $16.50 |
| − OpEx | −$8.1k | −$4.95 |
| NOI | $18.8k | $11.55 |
1,632 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,432 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$509.3K
$445.6K – $594.1K
NOI $35,648 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
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
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 - Well-maintained two-unit home with separate utilities, updated interiors, and multiple system improvements.
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 $205,000.
What are key features of this property?
This property features: Two‑family home built in 1912 with two symmetrical 2‑bedroom, 1‑bath units at 24 Chestnut St; Each unit has separate utilities and month‑to‑month tenants; Upstairs unit rents for $1,200/month; downstairs unit rents for $1,150/month
