5 Short Street, Cohoes, NY 12047
Renovated duplex in Cohoes with one vacant unit and a second unit leased at $1,700/month.
- Added:
- Feb 14, 2026
- Days on Market:
- 140
- Last Refresh:
- Jun 20 at 9:13 am
Property Features for 5 Short Street
General Information
- Standard status
- Active
- Size
- 2,116 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing office Real Broker NY LLC
Listing date Feb 14, 2026
Source Signatureonerealtygroup
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HighLights
- Fully renovated duplex in Cohoes (1910) with 2,116 SF total and 6 bedrooms across both units
- Unit 1 is vacant and ready for an owner‑occupant to move in
- Unit 2 is leased for $1,700/month with a strong rental history
- Both units feature complete updates with modern finishes
- Recent basement waterproofing with new sump pump installed April 2026
- Low taxes of $3,785/year
Overview
The home is located in Cohoes, New York. According to the provided information, the property has low annual taxes of $3,785 and a strong rental history.
For buyers looking to “house hack,” Unit 1 can be occupied by the owner while Unit 2 generates rental income to help offset housing costs. As presented in the remarks, the current lease amount is intended to cover a majority of the mortgage from day one, with the opportunity to build equity through owner occupancy and ongoing rental payments. This setup can also fit investors seeking a renovated two-unit residential income property with an immediately occupiable unit.
Local 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 | $36.8k | $17.40 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $34.9k | $16.50 |
| − OpEx | −$10.5k | −$4.95 |
| NOI | $24.4k | $11.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cohoes
- County
- Albany
- State
- New York
- Longitude
- -73.6959894
- Latitude
- 42.7733912
