Two-Family
New
For Sale
$299,900
729 Columbia Turnpike, East Greenbush, NY 12061
MultiFamily, East Greenbush, NY
Property Size2,241 SF
Lot Size0.20 Acres
Price / SF$133.82
Days on Market2
Property Features for 729 Columbia Turnpike
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 5
Parking
4
Parking features
Off Street, Driveway
Patio and Porch features
Patio, Porch
Interior features
Solid Surface Counters
Basement
Exterior Entry
Lot features
Level, Landscaped
High school
Columbia
Elementary school district
East Greenbush
Middle school district
East Greenbush
High school district
East Greenbush
Directions
Route 20, Columbia Turnpike, East Greenbush
Standard status
Active
APN
382400 177.8-7-18
Size
2,241 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6176
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1929
Number of units
2
Flooring type
Hardwood, Tile - Ceramic
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Dominick Ieraci · License #30IE0802009
(518) 339-0052
Added: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 202628908
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.
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Investment Insights
Based on property information with market context.
The 2,241-square-foot duplex at 729 Columbia Turnpike is arranged across two levels and sits on a 0.2-acre lot. Built in 1929, the property has hardwood and ceramic tile flooring, solid-surface counters, and a patio and porch. Natural gas hot-water heat serves the building, with public water and sewer connected. Off-street parking and a driveway are also present.
Both units are rented to long-term tenants. The property information also identifies a separate multi-unit property at 731 Columbia Turnpike and indicates the seller prefers a combined sale, while individual acquisitions may be considered.
Both units are rented to long-term tenants. The property information also identifies a separate multi-unit property at 731 Columbia Turnpike and indicates the seller prefers a combined sale, while individual acquisitions may be considered.
Key Highlights
- 2,241 square feet on a 0.2‑acre lot
- Two‑family layout with one unit above the other
- Both units occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,202
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,040
$544.0K
Cap Rate 7%
$388,600
$388.6K
Cap Rate 9%
$302,244
$302.2K
Market Conditions
NOI Build-Up for 2,241 SF
Gross rent
$52.2K $23.28/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$49.5K $22.07/SF
− OpEx
−$22.3K −$9.93/SF
NOI
$27.2K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,040
Cap Rate 7%
$388,600
Cap Rate 9%
$302,244
Alternative Uses
Best Use
Multifamily LT 5
$419.3K
$366.9K – $489.2K
NOI $29,352 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$388.6K
$340.0K – $453.4K
NOI $27,202 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$560.2K
$490.2K – $653.6K
NOI $39,215 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 12061, NY
9,404
Population
4,144
Households
2.3
Avg Household Size
44
Median Age
54%
College-Educated
95%
High-School Grad
20.1 sq mi
ZIP Area
468
Density / Sq Mi
$117,083
Median Household Income
$71,176
Median Earnings
$1,741
Median Rent
$311,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - An up-and-down layout is fully occupied by long-term tenants.
Where is this duplex located?
The property is located at 729 Columbia Turnpike East Greenbush, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,241 square feet on a 0.2‑acre lot; Two‑family layout with one unit above the other; Both units occupied by long‑term tenants
