Renovated Brick
New
For Sale
$219,900
8 Harrison Ave, Rensselaer, NY 12144
Two residential units offer separate utilities, updated interiors, laundry arrangements, and off-street parking.
Property Size1,428 SF
Price / SF$153.99
Days on Market3
Property Features for 8 Harrison Ave
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Kw Platform
(518) 669-1804
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 11:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kw Platform
Investment Insights
Based on property information with market context.
This brick duplex at 8 Harrison Ave includes two residential units with refreshed interiors and separate utilities. The first-floor residence has one bedroom and washer-and-dryer hookups. Upstairs, the one-bedroom layout includes an office and laundry room with a stackable washer and dryer. Kitchens and bathrooms have been modernized, while flooring, lighting, windows, doors, and interior paint have also been updated.
A walk-out lower level adds additional space, and the property includes off-street parking for two vehicles. The home is positioned steps from the Rensselaer Train Station, providing direct proximity to rail transportation. Built in 1890, the property can accommodate an owner-occupant seeking a second residential unit or a buyer pursuing a two-unit rental configuration.
A walk-out lower level adds additional space, and the property includes off-street parking for two vehicles. The home is positioned steps from the Rensselaer Train Station, providing direct proximity to rail transportation. Built in 1890, the property can accommodate an owner-occupant seeking a second residential unit or a buyer pursuing a two-unit rental configuration.
Key Highlights
- Renovated brick duplex with two residential units
- First‑floor one‑bedroom unit with washer‑and‑dryer hookups
- Upper one‑bedroom unit includes an office and laundry room
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
$18,704
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
8.51%
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%
$374,080
$374.1K
Cap Rate 7%
$267,200
$267.2K
Cap Rate 9%
$207,822
$207.8K
Market Conditions
NOI Build-Up for 1,428 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
$28.3K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$26.7K $18.71/SF
− OpEx
−$8.0K −$5.61/SF
NOI
$18.7K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /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%
$374,080
Cap Rate 7%
$267,200
Cap Rate 9%
$207,822
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,333 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,988 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
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 - Two residential units offer separate utilities, updated interiors, laundry arrangements, and off-street parking.
Where is this duplex located?
The property is located at 8 Harrison Ave Rensselaer, NY.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Renovated brick duplex with two residential units; First‑floor one‑bedroom unit with washer‑and‑dryer hookups; Upper one‑bedroom unit includes an office and laundry room
