Two-Family Residential Income
56 Cohoes Road Watervliet, NY 12189
New
MULTI_FAMILY - Watervliet, NY
Property size:
1,824 SFLot size:
0.17 AcresPrice / SF:
$163/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 56 Cohoes Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
- Parking
- 5
- Parking features
- Driveway
- Interior features
- High Speed Internet, Walk-In Closet(s), Ceramic Tile Bath
- Fencing
- Fenced
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 012689 20.20-1-19
- Size
- 1,824 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4425
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1876
- Number of units
- 2
- Flooring type
- Laminate, Tile
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agent Sharon Fronk License #10401239691 (518) 225-2878
Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY (518) 371-4500
Listing date Jul 9, 2026
MLS# 202621357
Listing URL
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 well maintained two-family property offers two bright, move-in ready residences, each featuring three bedrooms. Both units include laundry hookups, a primary bedroom with a full bath, and walk-in closets. Interior updates include new laminate flooring on the first floor and fresh paint throughout, along with stainless steel appliances and recessed lighting. Additional improvements include newer hot water heaters, gutters, a paved driveway, and central air. The home is set up with separate utilities for each unit, supporting straightforward day-to-day operation.
The exterior includes separate parking areas, a fully fenced yard, and two storage sheds, along with an above-ground pool. The property is located in Watervliet, close to highways and public transportation, and is listed as being one block from Maplewood School.
For tenants or owner-occupants, the two-unit layout and unit-level laundry hookups can support flexible living or rental use. The combination of separate utilities, updated finishes, and outdoor storage and yard space provides practical everyday value for residential income management or multigenerational living.
The exterior includes separate parking areas, a fully fenced yard, and two storage sheds, along with an above-ground pool. The property is located in Watervliet, close to highways and public transportation, and is listed as being one block from Maplewood School.
For tenants or owner-occupants, the two-unit layout and unit-level laundry hookups can support flexible living or rental use. The combination of separate utilities, updated finishes, and outdoor storage and yard space provides practical everyday value for residential income management or multigenerational living.
Key Highlights
- Two‑family home built in 1876 with 4 bedrooms total and multiple bathrooms across the units
- Central air with 2 AC units; forced‑air natural gas heating
- Separate parking areas plus paved driveway; fully fenced yard with 2 storage sheds
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 | $31.7k | $17.40 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $30.1k | $16.50 |
| − OpEx | −$9.0k | −$4.95 |
| NOI | $21.1k | $11.55 |
1,824 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.9K
$263.3K – $351.0K
NOI $21,061 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$278.3K
$243.5K – $324.7K
NOI $19,483 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$569.2K
$498.0K – $664.0K
NOI $39,842 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two 3-bedroom units, separate utilities, and updated interiors.
Where is this duplex located?
The property is located at 56 Cohoes Road Watervliet, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑family home built in 1876 with 4 bedrooms total and multiple bathrooms across the units; Central air with 2 AC units; forced‑air natural gas heating; Separate parking areas plus paved driveway; fully fenced yard with 2 storage sheds
