$510,000
Watervliet, NY 12189
MLS# 202614628
Status: Closed
5 beds
1 / 41
Property Description
Updated and well maintained 4-unit, previously generating $77,100 annually. This property is positioned for increased returns with 3 vacant units ready for lease-up at market rents. One occupied unit provides immediate income. Recent improvements include updated kitchens and bathrooms with new vanities, showers, and toilets, along with fresh paint and refinished hardwood floors. New shingle roof adds to the overall appeal. Ideal for investors looking to stabilize, increase rents, and build long-term cash flow.
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Quadruplex
Original List Price: 460000
Sold Price: $510,000
Current Price: $510,000
Listing Contract Date: 2026-04-07
List Price/SqFt: 135.85
Location
Street Number: 1605-1607
Street Name: 3rd
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12189
City/Town (Mail): Watervliet
Geo Lat: 42.728525
Geo Lon: -73.70329
Property Detail
Rooms Total: 13
Bedrooms Total: 5
Bathrooms Full: 4
Year Built: 1940
Above Grade Finished Area: 3386
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 3386
Lot Size Acres: 0.1
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2026-07-02
Under Contract Date: 2026-04-12
Sold Date: 2026-06-24
Sold Price: $510,000
Sold Price/SqFt: 150.62
Financial Details
General Taxes: 3194.43
General Taxes Description: Actual
School Taxes: 2716.83
School Taxes Description: Actual
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 77100
Rental Income Description: Actual
Total Income: 6425
Separate Utilities
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1605 1st
Occupant Type MF Unit 1: Vacant
Monthly Rent MF Unit 1: 1500
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Rent: 1500
Rent Description Unit 1: Actual
Occupant Type Unit 1: Vacant
Total Rooms Unit 1: 3
Total Bedrooms: 1
Bedrooms on 1st Floor: 1
Total Full Baths: 1
Full Baths 1st Floor: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1607 1st
Occupant Type MF Unit 2: Vacant
Monthly Rent MF Unit 2: 1525
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 1525
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Occupant Type Unit 2: Tenant
Total Bedrooms: 1
Bedrooms on 1st Floor: 1
Total Full Baths: 1
Full Baths 1st Floor: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1605 2nd
Occupant Type MF Unit 3: Vacant
Monthly Rent MF Unit 3: 1500
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Rent: 1500
Rent Description Unit 3: Actual
Occupant Type Unit 3: Vacant
Total Bedrooms: 1
Bedrooms on 2nd Floor: 1
Total Full Baths: 1
Full Baths 2nd Floor: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 1607 2nd
Occupant Type MF Unit 4: Vacant
Monthly Rent MF Unit 4: 1900
Rent Desc. MF Unit 4: Actual
Total Rooms MF Unit 4: 5
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Detail
Rent: 1900
Rent Description Unit 4: Actual
Occupant Type Unit 4: Vacant
Total Bedrooms: 2
Bedrooms on 2nd Floor: 2
Total Full Baths: 1
Full Baths 2nd Floor: 1
Property Features
Architectural Style: Traditional
Attic Features: None
Basement: Full
Construction Materials: Brick
Exterior Features: None
Fencing: Chain Link; Full
Flooring: Laminate
Heating: Hot Water; Natural Gas
Levels: Two
Owner Pays: Sewer; Snow Removal; Trash Collection; Water
Possession: At Closing
Roof: Rubber; Shingle
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Standard
Tenant Pays: Electricity; Heat
Water Source: Public
Unit 1 Includes: Refrigerator; Stove
Unit 1 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 2 Appliances: Refrigerator; Oven
Unit 3 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 4 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Refrigerator; Stove
Disclosures 
Listing Courtesy of Miuccio Real Estate Group
Listing Agent: Nate Monson
518-653-5983 | nate@miucciogroup.com
518-653-5983 | nate@miucciogroup.com
