Renovated Brick
For Sale
$210,000
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$147.06
Days on Market49
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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:
Chad Majewski Real Estate
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 14 at 11:02PM
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 Chad Majewski Real Estate
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 / Yr
$18,704
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
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
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 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 8.91%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,333 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,988 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $210,000.
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
