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 Market18
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 LLC
Listed By:
Pavel Karakalchu
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 17
Changed: Jul 26
Last Checked: Aug 2 at 3:41PM
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 LLC
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 For Apartment 5plus
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 | $38.6k | $20.40 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $36.7k | $19.42 |
| − OpEx | −$16.5k | −$8.74 |
| NOI | $20.2k | $10.68 |
1,890 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
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.
Property Analytics
Current Use
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
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 - 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
