Updated Two-Unit Duplex with Private
For Sale
$229,900
25 Lancaster Street, Cohoes, NY 12047
MULTI_FAMILY - Cohoes, NY
Property Size1,890 SF
Lot Size0.05 Acres
Price / SF$121.64
Days on Market48
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 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 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
Amenities
private decks
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: Aug 7
Last Checked: Sep 5 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This updated two-family duplex offers two separate units with private outdoor space. The first-floor unit features two bedrooms and one full bath, and the second-floor unit features three bedrooms and one full bath. Each unit has its own private deck overlooking the backyard. The property is described as vacant and move-in ready, with exterior improvements including a new roof and siding.
The duplex is situated on a 0.05-acre lot and includes approximately 1,890 square feet. It was built in 1880 and features vinyl siding. Heating is provided via natural gas baseboard systems. Public water and public sewer are in place.
The unit layouts and separate decking make this home well suited for an owner-occupant plan or a tenant-occupied setup where each level functions independently.
The duplex is situated on a 0.05-acre lot and includes approximately 1,890 square feet. It was built in 1880 and features vinyl siding. Heating is provided via natural gas baseboard systems. Public water and public sewer are in place.
The unit layouts and separate decking make this home well suited for an owner-occupant plan or a tenant-occupied setup where each level functions independently.
Key Highlights
- Two‑unit duplex with private deck for each unit overlooking the backyard
- First‑floor unit: two bedrooms and one full bath
- Second‑floor unit: three bedrooms and one full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,188
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
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 - Two-family duplex with updated exterior, natural gas baseboard heat, and private decks for both units.
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: Two‑unit duplex with private deck for each unit overlooking the backyard; First‑floor unit: two bedrooms and one full bath; Second‑floor unit: three bedrooms and one full bath
