Vacant Updated Two-Family
For Sale
$229,900
25 Lancaster Street, Cohoes, NY 12047
Updated two-family residence is vacant, with two private decks and separate units offering 2 and 3 bedrooms.
Property Size1,890 SF
Price / SF$121.64
Days on Market198
Property Features for 25 Lancaster Street
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Multi-family
Building Details
Year Built
1880
Listing Agency:
Gucciardo Real Estate Group LLC
Listed By:
Pavel Karakalchu · License #10401307281
(518) 728-6305
Source:
Signatureonerealtygroup
Added: Apr 23
Changed: Nov 5
Last Checked: Nov 4 at 4:59PM
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 Gucciardo Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This vacant, updated two-family home is ready for immediate occupancy or rental. The property includes a first-floor unit with 2 bedrooms and 1 full bath, and a second-floor unit with 3 bedrooms and 1 full bath.
Updates mentioned in the remarks include a new roof and siding. Each unit also has its own private deck overlooking the backyard, providing outdoor space separate for each household.
If you’re looking for a two-unit residential income property with a straightforward duplex layout and current exterior improvements already completed, this one is positioned for quick move-in or leasing.
Updates mentioned in the remarks include a new roof and siding. Each unit also has its own private deck overlooking the backyard, providing outdoor space separate for each household.
If you’re looking for a two-unit residential income property with a straightforward duplex layout and current exterior improvements already completed, this one is positioned for quick move-in or leasing.
Key Highlights
- Updated 2‑family residence built in 1880, currently vacant and ready for owner‑occupant or immediate tenant occupancy
- Two separate units: 1st‑floor unit has 2 bedrooms and 1 full bath; 2nd‑floor unit has 3 bedrooms and 1 full bath
- New roof and siding reported as part of numerous updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,188
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,760
$403.8K
Cap Rate 7%
$288,400
$288.4K
Cap Rate 9%
$224,311
$224.3K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$38.6K $20.40/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$36.7K $19.42/SF
− OpEx
−$16.5K −$8.74/SF
NOI
$20.2K $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%
$403,760
Cap Rate 7%
$288,400
Cap Rate 9%
$224,311
Alternative Uses
Best Use
Multifamily LT 5
$311.8K
$272.8K – $363.7K
NOI $21,823 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$288.4K
$252.4K – $336.5K
NOI $20,188 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$589.8K
$516.0K – $688.1K
NOI $41,283 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
702
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
$237,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cohoes, NY
Properties on Market for Duplexes in Cohoes
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family residence is vacant, with two private decks and separate units offering 2 and 3 bedrooms.
Where is this duplex located?
The property is located at 25 Lancaster Street Cohoes, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Updated 2‑family residence built in 1880, currently vacant and ready for owner‑occupant or immediate tenant occupancy; Two separate units: 1st‑floor unit has 2 bedrooms and 1 full bath; 2nd‑floor unit has 3 bedrooms and 1 full bath; New roof and siding reported as part of numerous updates
