5 Short Street Cohoes, NY 12047
Renovated duplex in Cohoes with one vacant unit and a second unit leased at $1,700/month.
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 1, 2026
Source Signatureonerealtygroup
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
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.
Key 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
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 |
