Updated Duplex with Detached
For Sale
$298,000
Pending
612 Twenty Third Street, Watervliet, NY 12189
MultiFamily, Watervliet, NY
Property Size2,538 SF
Lot Size0.06 Acres
Days on Market56
Property Features for 612 Twenty Third Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
Parking
1
Patio and Porch features
Porch
Interior features
High Speed Internet
Fencing
Fenced
Basement
Full
Lot features
Level, Corner Lot
Elementary school district
Watervliet
Middle school district
Watervliet
High school district
Watervliet
Directions
787 to Watervliet exit, straight on yo 23rd. House on left between 6th and 7th
Standard status
Pending
APN
011800 32.50-4-8
Size
2,538 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4799
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
detached garage
basement laundry hookups
Building Details
Year built
1880
Number of units
2
Flooring type
Carpet, Tile, Vinyl
Building materials
Aluminum Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
Capital Tech Real Estate Group LLC
Listed By:
Lisa A Walsh · License #10491202654
(518) 810-6093
Added: Aug 21
Changed: Oct 8
Last Checked: Oct 15 at 5:06AM
MLS# 202624510
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 2,538-square-foot duplex was built in 1880 and includes two residential units with separate utilities. The first-floor residence is occupied by a tenant who has remained for 17 years. The upper unit is vacant and has been refreshed with a remodeled kitchen, updated bathroom, new appliances, and fresh paint. Appliances for both units are included.
Property improvements include a brand-new rubber roof, newer energy-efficient windows, aluminum siding, baseboard and hot-water heating powered by natural gas, and a detached garage. The building also offers basement laundry hookups, a porch, fencing, public water, and public sewer. Located in Watervliet, the property occupies a 0.06-acre lot.
Property improvements include a brand-new rubber roof, newer energy-efficient windows, aluminum siding, baseboard and hot-water heating powered by natural gas, and a detached garage. The building also offers basement laundry hookups, a porch, fencing, public water, and public sewer. Located in Watervliet, the property occupies a 0.06-acre lot.
Key Highlights
- 2,538 square feet on a 0.06‑acre lot
- Two‑family duplex with completely separate utilities
- First‑floor tenant in place for 17 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,109
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,180
$542.2K
Cap Rate 7%
$387,271
$387.3K
Cap Rate 9%
$301,211
$301.2K
Market Conditions
NOI Build-Up for 2,538 SF
Gross rent
$51.8K $20.40/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$49.3K $19.42/SF
− OpEx
−$22.2K −$8.74/SF
NOI
$27.1K $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 Rate 5%
$542,180
Cap Rate 7%
$387,271
Cap Rate 9%
$301,211
Alternative Uses
Best Use
Multifamily LT 5
$418.6K
$366.3K – $488.4K
NOI $29,305 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$387.3K
$338.9K – $451.8K
NOI $27,109 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$792.0K
$693.0K – $924.0K
NOI $55,438 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 12189, NY
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate utilities, a remodeled upper unit, and a long-term first-floor tenant.
Where is this duplex located?
The property is located at 612 Twenty Third Street Watervliet, NY.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 2,538 square feet on a 0.06‑acre lot; Two‑family duplex with completely separate utilities; First‑floor tenant in place for 17 years
