Handyman Special - 5-Unit Investment Opportunity in Central Cohoes
Rare opportunity to restore and add value to a 5-unit property in a convenient central Cohoes location. The building features a strong unit mix with two 2-bedroom/1-bath units and three 1-bedroom/1-bath units. Two of the upper-floor units are currently in need of a full gut renovation, offering significant upside for investors or contractors looking to create value through improvements.
Once stabilized, the property has the potential to generate approximately $7,800 per month in gross rental income. Located just 4 minutes walking distance to the nearest bus stop and downtown Cohoes, tenants will enjoy easy access to local shops, restaurants, and services.
Excellent opportunity for a value-add investor to renovate, stabilize, and build long-term cash flow in a growing rental market.
Property Type(s):
Multi Family
|
Last Updated
|
3/12/2026
|
Year Built
|
1953
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Brick |
| EXTERIOR |
None |
| HEAT |
Forced Air, Natural Gas |
| LOT |
2614 sq ft |
| LOT DIMENSIONS |
0.06 |
| SEWER |
Public Sewer |
| STYLE |
Apartment 4 Plus Unit |
| TAXES |
7727.48 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of New Scotland Realty
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email