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201-209 13th St
Watervliet, NY 12189
23 Unit Multi-Family Portfolio · Multifamily Property For Sale
INVESTMENT HIGHLIGHTS
- Strong in place income with value add upside
EXECUTIVE SUMMARY
The portfolio consists of four well-maintained properties totaling approximately 22,550 SF, all located within close proximity and benefiting from strong rental demand in the Capital Region.
Investment Highlights
23 units across 4 assets (10-unit, 7-unit, 4-unit, and 2-unit)
Large apartments (mant 2,3 and 4 bed flats) with washer/dryer in many of the units.
$419,460 current in-place rental income
$305,919 NOI 7.00% cap rate
Separately metered units with tenants paying utilities
100% occupied with potential to raise rent (70% of units are renovated)
Some on-site parking, and garage income
Market & Demand Drivers
Watervliet is centrally located minutes from Albany, Troy, and major employment hubs, with immediate access to I-787, I-87, and Route 7.
This offering is ideal for investors seeking stable cash flow today with value-add potential tomorrow in a proven Capital Region submarket.
Investment Highlights
23 units across 4 assets (10-unit, 7-unit, 4-unit, and 2-unit)
Large apartments (mant 2,3 and 4 bed flats) with washer/dryer in many of the units.
$419,460 current in-place rental income
$305,919 NOI 7.00% cap rate
Separately metered units with tenants paying utilities
100% occupied with potential to raise rent (70% of units are renovated)
Some on-site parking, and garage income
Market & Demand Drivers
Watervliet is centrally located minutes from Albany, Troy, and major employment hubs, with immediate access to I-787, I-87, and Route 7.
This offering is ideal for investors seeking stable cash flow today with value-add potential tomorrow in a proven Capital Region submarket.
PROPERTY FACTS
| Price / SF | $268.98 CAD / SF | Number of Properties | 4 |
| Cap Rate | 7% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 22,550 SF |
| Status | Active | Total Land Area | 0.74 AC |
| Price / SF | $268.98 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 22,550 SF |
| Total Land Area | 0.74 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 201-209 13th St, Watervliet, NY 12189 | Multifamily | 11,296 SF | 1920 | - |
| 19 Idlewild Park, Watervliet, NY 12189 | Multifamily | 5,488 SF | 1912 | - |
| 2415 6th Ave, Watervliet, NY 12189 | Multifamily | 3,724 SF | 1920 | - |
| 22 13th St, Watervliet, NY 12189 | Multifamily | 2,042 SF | 1880 | - |
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