$205,000
Cohoes, NY 12047
MLS# 202620749
5 beds
1 / 28
Property Description
Excellent opportunity to own a well-maintained, fully occupied two-family property in Cohoes. Located on a quiet one-way street, 24 Chestnut Street features two symmetrical 2-bedroom, 1-bath apartments with separate utilities and month-to-month tenants, offering flexibility for both investors and owner-occupants. The upstairs apartment rents for $1,200 per month and features updated cabinets and flooring. The downstairs apartment rents for $1,150 per month and has also been updated with newer cabinets and flooring. Both units offer functional, efficient layouts with strong long-term rental appeal. Major improvements provide peace of mind, including updated electrical, plumbing, and heating systems completed approximately 10 years ago, new vinyl replacement windows installed approximately 3 years ago, new siding, and a rubber roof that was professionally coated approximately 3 years ago. Additional features include a fenced backyard and separate tenant storage areas that are currently underutilized and offer added value. Ideally situated just steps from the Empire State Trail and West End Park, and within walking distance of Cohoes Middle School, this property combines a desirable location, dependable rental income, and numerous capital improvements, making it an outstanding investment opportunity.
Details
Maps
Contract Information
Original List Price: 205000
List Price/SqFt: 125.61
Status: Active
Property Sub Type: Duplex
List Price: $205,000
Current Price: $205,000
Listing Contract Date: 2026-06-30
Location
City/Town (Mail): Cohoes
Street Number: 24
Street Name: Chestnut
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12047
Geo Lat: 42.774394
Geo Lon: -73.709172
Property Detail
Rooms Total: 5
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 1632
Above Grade Finished Area Source: Public Records
Parking Y/N: No
Below Grade Finished Area: 8
Below Grade Finished Area Source: Public Records
Living Area: 1632
Lot Size Dimensions: 22.5 x 100
Lot Size Acres: 0.06
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: No
Family Room Y/N (Units): Neither Units
Bedrooms Total: 5
Bathrooms Full: 2
Year Built: 1912
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010300 10.58-1-1
Tax Annual Amount: 3566
Tax Section: 10.58
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 1.000
School District: Cohoes
Association Y/N: No
Directions & Remarks
Directions: McElwain Ave to Chestnut. Home on right at corner of Johnston Ave.
Public Remarks: Excellent opportunity to own a well-maintained, fully occupied two-family property in Cohoes. Located on a quiet one-way street, 24 Chestnut Street features two symmetrical 2-bedroom, 1-bath apartments with separate utilities and month-to-month tenants, offering flexibility for both investors and owner-occupants.
The upstairs apartment rents for $1,200 per month and features updated cabinets and flooring. The downstairs apartment rents for $1,150 per month and has also been updated with newer cabinets and flooring. Both units offer functional, efficient layouts with strong long-term rental appeal.
Major improvements provide peace of mind, including updated electrical, plumbing, and heating systems completed approximately 10 years ago, new vinyl replacement windows installed approximately 3 years ago, new siding, and a rubber roof that was professionally coated approximately 3 years ago. Additional features include a fenced backyard and separate tenant storage areas that are currently underutilized and offer added value.
Ideally situated just steps from the Empire State Trail and West End Park, and within walking distance of Cohoes Middle School, this property combines a desirable location, dependable rental income, and numerous capital improvements, making it an outstanding investment opportunity.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Fencing
Chain Link: 1
Financial Details
General Taxes: 1594
General Taxes Description: Estimated
School Taxes: 1972
School Taxes Description: Estimated
Attic Features
Hatch: 1
Cooling
None: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Lot Features
Corner Lot: 1
Level: 1
Construction Materials
Shingle Siding: 1
Vinyl Siding: 1
Other Structures
Storage: 1
Photos - the contractual owner of the photos
Photo Owner: Photographer
Possession
At Closing: 1
Exterior Features
Other: 1
Duplex Type
Up And Down: 1
Flooring
Vinyl: 1
Showing Requirements
Showing Service: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Roof
Built-Up: 1
Rubber: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Income And Expenses
Rental Income: 28200
Rental Income Description: Actual
Total Income: 28200
Insurance Expense: 1100
Insurance Expense Description: Estimated
Maintenance Expense: 360
Water Sewer Expense: 352
Water Sewer Expense Desc.: Estimated
Net Operating Income: 26388
Laundry Features
Common Area: 1
In Basement: 1
Parking Features
None: 1
Patio And Porch Features
Enclosed: 1
Porch: 1
Levels
Bi-Level: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Heat: 1
Property Condition
Updated/Remodeled: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1150
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Unit 1 Detail
Rent: 1150
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Kitchen Unit 1: Eat In
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Full Baths 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1200
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 1200
Total Bedrooms: 2
Bedrooms on 2nd Floor: 2
Full Baths 2nd Floor: 1
Dining Rooms 2nd Floor: 1
Kitchens 2nd Floor: 1
Unit 2 Appliances
Refrigerator: 1
Status Change Info
Status Change Date: 2026-06-30
Property Features
Architectural Style: Traditional
Attic Features: Hatch
Basement: Full
Construction Materials: Shingle Siding; Vinyl Siding
Cooling: None
Duplex Type: Up And Down
Exterior Features: Other
Fencing: Chain Link
Flooring: Vinyl
Heating: Forced Air; Natural Gas
Laundry Features: Common Area; In Basement
Levels: Bi-Level
Lot Features: Corner Lot; Level
Other Structures: Storage
Parking Features: None
Patio And Porch Features: Enclosed; Porch
Possession: At Closing
Roof: Built-Up; Rubber
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Heat
Utilities: Cable Available
Property Condition: Updated/Remodeled
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator
Unit 2 Appliances: Refrigerator
Listing Courtesy of KW Platform
Listing Agent: Christopher Iwinski
518-405-6888 | chris@iwinskiproperties.com
518-405-6888 | chris@iwinskiproperties.com
