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$282,500
4 Beds ⋅ 2 Baths ⋅ 202621363 MLS
Classic Watervliet Two-Family with Strong Income Potential Investors and owner-occupants alike will appreciate this handsome 1888 brick duplex on a tree-lined block in Watervliet, offering 2,802 sq ft of living space and separately metered utilities in both units. This up-and-down two-family features 4 bedrooms and 2 full baths total, with each unit offering 2 bedrooms, a formal dining room, eat-in kitchen, and full bath. Period charm abounds throughout, from gleaming hardwood floors and French doors to a welcoming covered front porch. Unit 1 (first floor) is currently vacant and move-in ready, estimated to rent for $1,300/month, while Unit 2 (second floor) is occupied on a month-to-month lease at $1,000/month -- giving a new owner flexibility to set their own terms or continue with steady rental income right away. Each unit includes its own kitchen appliances (range, refrigerator) with separate laundry for each in the basement. Separate electric and gas meters (2 each) keep utility responsibility with tenants, while the owner covers grounds care, sewer, snow removal, trash, and water -- a straightforward expense structure for any investor's pro forma. Additional highlights include a full walk-out basement with Bilco door access, a fenced backyard, front/side/rear porches, high-speed internet availability, and public water and sewer. Ideally located just off 18th Street, this property offers easy access to Watervliet's amenities, schools, and a quick commute to Albany, Troy, and the greater Capital Region. Whether you're looking to house-hack, add to your rental portfolio, or find a solid multi-family investment with immediate income, 1611 3rd Avenue delivers character, location, and opportunity. Schedule your showing today!

1611 3rd Avenue
$250,000
11 Beds ⋅ 5 Baths ⋅ 202616027 MLS
Investor Alert! Strong value add opportunity in a prime Watervliet location. This 4 unit property offers significant upside with a unit mix of two 1 bed 1 bath units, one 4 bed 2 bath unit, and one 5 bed 1 bath unit with a private laundry room. Excellent income potential with BRRR upside, potential to reconfigure into a 5 unit setup, and strong short term rental appeal. Property requires a full renovation and is being sold as is. Cash only, will not qualify for traditional financing. A substantial amount of renovation materials are already on site and ready for installation, helping streamline the project. With an estimated after repair value of $500K+, this is a compelling opportunity for investors looking to build equity. Situated on a corner lot with a 2 car garage and off street parking. Schedule your private tour today.

1301 Broadway

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