Updated Duplex with Private
For Sale
$229,900
25 Lancaster Street, Cohoes, NY 12047
MultiFamily, Cohoes, NY
Property Size1,890 SF
Lot Size0.05 Acres
Price / SF$121.64
Days on Market93
Property Features for 25 Lancaster Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2
Basement
Full
Elementary school district
Cohoes
Middle school district
Cohoes
High school district
Cohoes
Directions
Head west on Congress St f Turn right onto Joseph Pl. Turn right onto Lancaster St. Your destination will be on the left.
Standard status
Active
APN
010300 10.66-5-25
Size
1,890 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3882
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1880
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Gucciardo Real Estate Group LLC
(518) 221-9079
Listed By:
Pavel Karakalchu · License #10401307281
(518) 728-6305
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 20 at 1:06PM
MLS# 202622280
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.
This 1,890-square-foot duplex in Cohoes includes two separate residential units within a vinyl-sided building. The first-floor apartment contains two bedrooms and one full bathroom, while the upper unit provides three bedrooms and one full bathroom. Both apartments have private decks facing the backyard, creating dedicated outdoor areas for each unit.
Built in 1880, the property sits on a 0.05-acre lot and has received roof and siding improvements. Heating is provided by natural gas baseboard systems, with public water and public sewer serving the building. The property is currently vacant, allowing the next owner to occupy one unit, lease both, or maintain the existing two-unit configuration.
Built in 1880, the property sits on a 0.05-acre lot and has received roof and siding improvements. Heating is provided by natural gas baseboard systems, with public water and public sewer serving the building. The property is currently vacant, allowing the next owner to occupy one unit, lease both, or maintain the existing two-unit configuration.
Key Highlights
- 1,890‑square‑foot duplex on a 0.05‑acre lot
- First‑floor unit with 2 bedrooms and 1 full bathroom
- Second‑floor unit with 3 bedrooms and 1 full bathroom
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
702
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
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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 - Vacant two-unit property with separate outdoor decks and recent roof and siding improvements.
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: 1,890‑square‑foot duplex on a 0.05‑acre lot; First‑floor unit with 2 bedrooms and 1 full bathroom; Second‑floor unit with 3 bedrooms and 1 full bathroom
