5-Unit Apartment
New
For Sale
$689,900
731 Columbia Turnpike, East Greenbush, NY 12061
MultiFamily, East Greenbush, NY
Property Size2,336 SF
Lot Size0.17 Acres
Price / SF$295.33
Days on Market2
Property Features for 731 Columbia Turnpike
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
8
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 6, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 8
Parking
5
Parking features
Garage, Off Street, Driveway, Carport
Window features
Display Window(s)
Patio and Porch features
Porch
Interior features
Solid Surface Counters, Paddle Fan, Built-in Features
Basement
Exterior Entry, Sump Pump
Lot features
Level
High school
Columbia
Elementary school district
East Greenbush
Middle school district
East Greenbush
High school district
East Greenbush
Directions
Intersection Route 4 to left on Route 20-Columbia Turnpike.
Standard status
Active
APN
382400 177.8-7-17
Size
2,336 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
11196
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1932
Number of units
5
Flooring type
Hardwood, Tile - Ceramic
Building materials
Block, Brick, Vinyl 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 12:06PM
MLS# 202628909
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The five-unit apartment property at 731 Columbia Turnpike contains 2,336 square feet on a 0.17-acre parcel. Built in 1932, the building has hot-water heating fueled by natural gas, with public water and sewer. Parking features include a carport, garage, driveway, and off-street spaces.
All five units are rented, and utilities are separate. Commercial zoning applies to the property.
All five units are rented, and utilities are separate. Commercial zoning applies to the property.
Key Highlights
- Five units, all currently rented
- 2,336 square feet on a 0.17‑acre parcel
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,355
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,100
$567.1K
Cap Rate 7%
$405,071
$405.1K
Cap Rate 9%
$315,056
$315.1K
Market Conditions
NOI Build-Up for 2,336 SF
Gross rent
$54.4K $23.28/SF
− Vacancy
−$2.8K −$1.21/SF
EGI
$51.6K $22.07/SF
− OpEx
−$23.2K −$9.93/SF
NOI
$28.4K $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%
$567,100
Cap Rate 7%
$405,071
Cap Rate 9%
$315,056
Alternative Uses
Best Use
Apartment 5plus
$405.1K
$354.4K – $472.6K
NOI $28,355 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$584.0K
$511.0K – $681.3K
NOI $40,877 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate utility service and a carport serve this commercially zoned rental property.
Where is this apartment building located?
The property is located at 731 Columbia Turnpike East Greenbush, NY.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Five units, all currently rented; 2,336 square feet on a 0.17‑acre parcel; Commercial zoning
