Fully Renovated Duplex with Two
For Sale
$319,999
5 Short Street, Cohoes, NY 12047
MULTI_FAMILY - Other - Cohoes, NY
Property Size2,116 SF
Lot Size0.31 Acres
Price / SF$151.23
Days on Market149
Property Features for 5 Short Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5
Exterior features
Outdoor Kitchen
Fencing
Fenced
Basement
Full
Elementary school district
Cohoes
Middle school district
Cohoes
High school district
Cohoes
Directions
North on Route 787, Right turn onto Ontario Street, Right turn onto Linden, Right turn onto Short Street and the home on Right.
Standard status
Active
APN
010300 10.60-2-20
Size
2,116 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
3785
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Aluminum Siding
Architectural style
Other
Additional Structures
Outdoor Kitchen
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Saad Tai · License #10401373295
(518) 348-9535
Added: Mar 17
Changed: Jul 24
Last Checked: Aug 12 at 10:06PM
MLS# 202613396
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 fully renovated duplex offers two units with a combined 2,116 square feet of living space. The property includes 6 bedrooms and 2 full bathrooms. Unit 1 is currently vacant and ready for an owner-occupant, while Unit 2 is rented, with the tenant paying $1,700 per month. The basement has undergone recent waterproofing, including a new sump pump installed in April 2026.
Located at 5 Short Street in Cohoes, New York, the home sits on a 0.31-acre lot in Albany County. The listing is sold “as is,” and public remarks note low annual property taxes of $3,785.
For buyers looking to live in one unit while renting the other, this layout provides a straightforward path to offset housing costs from the start, based on the current rent payment for Unit 2. The property’s recent interior updates and the completed basement waterproofing work may be attractive to owner-occupants and investors seeking a turn-key duplex with immediate readiness for Unit 1.
Located at 5 Short Street in Cohoes, New York, the home sits on a 0.31-acre lot in Albany County. The listing is sold “as is,” and public remarks note low annual property taxes of $3,785.
For buyers looking to live in one unit while renting the other, this layout provides a straightforward path to offset housing costs from the start, based on the current rent payment for Unit 2. The property’s recent interior updates and the completed basement waterproofing work may be attractive to owner-occupants and investors seeking a turn-key duplex with immediate readiness for Unit 1.
Key Highlights
- Fully renovated duplex sold as‑is with immediate cash flow potential
- 2‑unit layout: unit 1 vacant and ready for owner‑occupant; unit 2 rented for $1,700/month
- 6 bedrooms and 2 full baths in 2,116 sq ft total
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
$24,433
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
7.64%
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%
$488,660
$488.7K
Cap Rate 7%
$349,043
$349.0K
Cap Rate 9%
$271,478
$271.5K
Market Conditions
NOI Build-Up for 2,116 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
$36.8K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$34.9K $16.50/SF
− OpEx
−$10.5K −$4.95/SF
NOI
$24.4K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$488,660
Cap Rate 7%
$349,043
Cap Rate 9%
$271,478
Alternative Uses
Best Use
Multifamily LT 5
$349.0K
$305.4K – $407.2K
NOI $24,433 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$322.9K
$282.5K – $376.7K
NOI $22,602 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$660.3K
$577.8K – $770.3K
NOI $46,220 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
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 duplex with one vacant unit and one leased unit, plus recent basement waterproofing and sump pump replacement.
Where is this duplex located?
The property is located at 5 Short Street Cohoes, NY.
What is the asking price?
The asking price for this property is $319,999.
What are key features of this property?
This property features: Fully renovated duplex sold as‑is with immediate cash flow potential; 2‑unit layout: unit 1 vacant and ready for owner‑occupant; unit 2 rented for $1,700/month; 6 bedrooms and 2 full baths in 2,116 sq ft total
