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13 Sargent St Multi-family
A- Composite 80.32
Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +29.5/30.0
  • ARV discount +15.0/15.0
  • DSCR +10.0/10.0
  • 1% rule +8.2/10.0
  • Schools +5.1/10.0
  • Rent growth +4.4/5.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Appreciation +0.0/10.0

$239,000

13 Sargent St · Cohoes, NY 12047
4 bd · 2.0 ba · 2,376 sqft · MultiFamily public records · 130 Days on market
Built 1920 Good condition 2,613 sqft lot $101/sqft · 24% below area Est $313k · 24% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Fantastic opportunity to own a completely turn key investment property located on a quiet street close to 787. Completely updated inside and out with good tenants that are up to date. Property comes with a vacant building lot for another home or additional parking.

Key facts

  • Completely updated
  • 2,613 sq ft lot
  • Built 1920

Tags

TURN KEY INVESTMENT PROPERTYCOMPLETELY UPDATED

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath multifamily listed at $239k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $854 ($10k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $239k).
  • Recommended offer: $210k (12.0% below list) — sets the bar for market timing.
  • Cap rate 10.6% vs local median 5.1% in Cohoes — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 83/100 on livability (#61 in NY, #895 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: employment C-.
  • Cohoes City School District (suburban): math 38% / reading 48% proficiency, ranked #487 of 590 in NY (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Abram Lansing School (math 42% / reading 47%, grade F, #1,277 of 2,108 statewide, top 64%, 326 students, 81% FRL); Cohoes Middle School (math 19% / reading 49%, grade F, #497 of 729 statewide, top 69%, 441 students, 68% FRL); Cohoes High School (math 72% / reading 74%, grade B+, #665 of 1,100 statewide, top 61%, 554 students, 63% FRL).
  • Market conditions: Rents rising fast (+7.6%/yr); 183 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 675 units permitted in Albany County in 2024 (451 in 5+ unit buildings).
  • At $3,160/mo this rent would consume 57% of the median local household income ($66k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
  • Albany County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 7.6% rent growth), your $67k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 130 days — a 12% lower offer ($210k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $42k; list at $239k implies a 475% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $210,320 (12.0% below list)

Questions for the listing agent

  1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.32%
Cap rate
10.58%
Cash-on-cash
15.31%
DSCR
1.68
GRM
6.3

CMA / ARV

ARV (median comp)
$313,090
List price
$239,000
Delta
-23.66%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
61 Columbia St 0.31mi 4/3.0 2,408 (+1%) 6mo $260,000 $108 74
35 Grant St 0.21mi 4/2.0 2,100 (-12%) 4mo $150,000 $71 68
119 Congress St 0.42mi 5/2.0 (+1) 2,372 (-0%) 11mo $207,000 $87 66
103 Congress St 0.38mi 4/2.0 2,160 (-9%) 2mo $255,000 $118 66
141 Johnston Ave 0.37mi 4/2.0 2,068 (-13%) 0mo $350,000 $169 61
171 Lancaster St 0.61mi 4/2.0 2,308 (-3%) 12mo $245,500 $106 57
175 Congress St 0.56mi 4/2.0 2,552 (+7%) 6mo $77,500 $30 56
59 Amity St 0.54mi 4/2.0 2,208 (-7%) 8mo $240,000 $109 56
1 Dudley Ave 0.48mi 4/2.0 2,088 (-12%) 2mo $293,000 $140 56
120 Mann Ave 0.59mi 4/2.0 2,112 (-11%) 10mo $305,000 $144 46
172 Congress St 0.55mi 5/2.0 (+1) 2,094 (-12%) 11mo $120,000 $57 40
203 Congress St 0.62mi 5/2.0 (+1) 2,700 (+14%) 12mo $150,000 $56 33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 7.6% rent growth · sell at horizon

5-year hold
IRR
11.1%
Equity multiple
1.46×
Total profit
$31,004
Equity at exit
$35,636
10-year hold
IRR
23.6%
Equity multiple
3.48×
Total profit
$166,266
Equity at exit
$20,664

Cash invested: $66,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
15 Strongly Tenant-Friendly
State New York
15 Strongly Tenant-Friendly · D+10
County
— inherits STATE
City
— inherits STATE
NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
4 active · 12 under contract
Months of supply
4.0 mo (25%/mo absorbed)
Median asking
$214,950 ($106/sqft)
Median days on market
94 d
This list price
100% of active listings are priced below it
ARV vs active asking
+24.8% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 12047

Home prices YoY
-10.7%
Rents YoY
7.6%
Active inventory
183
Price-to-rent
12.6×

Monthly cashflow live

Estimated rent
$3,160 high interval (Pro) →
Mortgage (P&I)
$1,253
Tax from tax record
$290 /mo · $3,475/yr
Insurance
$100
HOA
$0
Vacancy / Maint / Mgmt
$664
Net cashflow
$854

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (2 units) $3,160

Break-even live

Break-even rent $2,079
Max offer price $239,000
Occupancy floor 68%

Sensitivity live

Price -10% $989 -5% $922 +0% $854 +5% $786 +10% $719
Rent -10% $604 -5% $729 +0% $854 +5% $979 +10% $1,104
Rate -1.0pp $974 -0.5pp $915 base $854 +0.5pp $792 +1.0pp $729

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$59,750
Closing costs
$7,170
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
42 Johnston Ave Unit 6 Cohoes, NY 2.0 1.0 $1,875 62d 1 0.11mi
42 Johnston Ave Unit 5 Cohoes, NY 2.0 1.0 $1,750 62d 1 0.11mi
300 Ontario St Cohoes, NY 3.0 1.0 1100 $1,600 $1.45 110d 1 0.13mi
45 Johnston Ave Cohoes, NY 2.0 2.0 1262 $2,112 $1.67 0d 3 0.16mi
10 Congress St #2 Cohoes, NY 2.0 1.0 $1,275 139d 1 0.17mi
130 Remsen St Ph 1 Cohoes, NY 1.0 1.0 600 $1,395 $2.33 119d 1 0.18mi
134 Remsen St Cohoes, NY 1.0–2.0 1.0 789 $1,925 $2.44 0d 28 0.19mi
134 Remsen St Cohoes, NY 1.0 1.0 910 $1,550 $1.70 110d 1 0.19mi
84 Willow St Unit 2 Cohoes, NY 1.0 1.0 $1,155 114d 1 0.20mi
84 Willow St Cohoes, NY 1.0 1.0 $1,155 110d 1 0.20mi
137 Remsen St Unit 2R Cohoes, NY 1.0 1.0 700 $1,275 $1.82 139d 1 0.21mi
27 McElwain Ave Cohoes, NY 1.0 1.0 $1,350 62d 1 0.21mi
27 McElwain Ave Cohoes, NY 2.0 2.0 2000 $2,300 $1.15 139d 1 0.21mi
28 White St Apt 1 Cohoes, NY 3.0 1.0 1000 $2,000 $2.00 62d 1 0.21mi
113 Mohawk St Unit 1S Cohoes, NY 1.0 1.0 800 $1,350 $1.69 139d 1 0.22mi
31 Willow St Cohoes, NY 2.0 1.0 1000 $1,400 $1.40 6d 1 0.23mi
12 White St Cohoes, NY 1.0–2.0 1.0–2.0 $2,895 0d 3 0.25mi
12 White St Cohoes, NY 3.0 2.0 1790 $2,895 $1.62 114d 1 0.25mi
44 Congress St Unit 1R Cohoes, NY 1.0 1.0 $1,050 6d 1 0.26mi
44 Congress St Unit 2R Cohoes, NY 1.0 1.0 $1,000 62d 1 0.26mi
25 Garner St Cohoes, NY 1.0 1.0 900 $900 $1.00 6d 1 0.26mi
71 Canvass St Cohoes, NY 1.0 1.0 949 $1,650 $1.74 62d 1 0.26mi
53 Main St Unit 3 Cohoes, NY 3.0 1.0 1200 $1,245 $1.04 6d 1 0.28mi
12-16 Mangam St Unit 12B Cohoes, NY 2.0 1.0 850 $1,225 $1.44 139d 1 0.29mi
192 Remsen St Unit 3A Cohoes, NY 2.0 1.0 $1,375 62d 1 0.29mi
192 Remsen St Unit 2B Cohoes, NY 1.0 1.0 700 $1,195 $1.71 6d 1 0.29mi
27 Vliet St Cohoes, NY 1.0 1.0 600 $1,050 $1.75 119d 1 0.31mi
39 Harmony St Apt 1 Cohoes, NY 2.0 1.0 $1,274 6d 1 0.32mi
24 Hart St Unit 2ND Cohoes, NY 3.0 1.0 $1,500 62d 1 0.33mi
47 Vliet St Unit 1 Cohoes, NY 2.0 1.0 700 $1,175 $1.68 6d 1 0.34mi
1 Hamilton St Unit 1 Cohoes, NY 2.0 1.0 800 $1,095 $1.37 119d 1 0.35mi
3 Hamilton St #1 Cohoes, NY 3.0 1.0 800 $1,185 $1.48 6d 1 0.36mi
192 Saratoga St Cohoes, NY 1.0–2.0 1.5–2.5 1125 $1,995 $1.77 0d 4 0.36mi
124 Columbia St Fl 2 Cohoes, NY 2.0 1.0 1200 $1,400 $1.17 110d 1 0.37mi
29 Walnut St Unit / 2nd Floor Cohoes, NY 3.0 1.0 1200 $1,700 $1.42 139d 1 0.37mi
98 Congress St Cohoes, NY 2.0 2.0 1248 $1,600 $1.28 62d 1 0.40mi
6 Hamilton Pl Unit 2 Cohoes, NY 3.0 1.0 2300 $1,999 $0.87 114d 1 0.40mi
5 Whitehall St Apt 9 Cohoes, NY 2.0 1.0 $1,350 139d 1 0.41mi
5 Whitehall St Unit 1 Cohoes, NY 1.0 1.0 $1,100 139d 1 0.41mi
5 Whitehall St Unit 4 Cohoes, NY 2.0 1.0 $1,400 139d 1 0.41mi

Property features AI

Finance

Other
Financial info
Two-unit property
HOA & community

Exterior

Parking
Security
Utilities
Public waterPublic sewer
Home design
DuplexVinyl siding
Construction
Vinyl siding construction
Exterior features
Level lot

Interior

Kitchen
Bedrooms
Each unit has 2 bedrooms (Unit 1: 2 bedrooms, Unit 2: 2 bedrooms)
Flooring
Wood
Bathrooms
2 full bathrooms total (one full bath on the 1st level, one full bath on the 2nd level)
Heating & cooling
Ductless heatingDuctless cooling
Interior features
Wood flooringFull basement
Laundry & utility
Laundry closet

Listing history 50 events

  1. 2026-09-20
    days on market $239,000 Active 130 DOM
  2. 2026-09-19
    days on market $239,000 Active 129 DOM
  3. 2026-09-18
    days on market $239,000 Active 128 DOM
  4. 2026-09-17
    days on market $239,000 Active 127 DOM
  5. 2026-09-16
    days on market $239,000 Active 126 DOM
  6. 2026-09-15
    days on market $239,000 Active 125 DOM
  7. 2026-09-14
    days on market $239,000 Active 124 DOM
  8. 2026-09-13
    days on market $239,000 Active 123 DOM
  9. 2026-09-12
    days on market $239,000 Active 122 DOM
  10. 2026-09-11
    days on market $239,000 Active 121 DOM
  11. 2026-09-05
    days on market $239,000 Active 115 DOM
  12. 2026-09-04
    days on market $239,000 Active 114 DOM
  13. 2026-09-03
    days on market $239,000 Active 113 DOM
  14. 2026-08-31
    days on market $239,000 Active 110 DOM
  15. 2026-08-30
    days on market $239,000 Active 109 DOM
  16. 2026-08-29
    days on market $239,000 Active 108 DOM
  17. 2026-08-28
    days on market $239,000 Active 107 DOM
  18. 2026-08-27
    days on market $239,000 Active 106 DOM
  19. 2026-08-26
    days on market $239,000 Active 105 DOM
  20. 2026-08-25
    days on market $239,000 Active 104 DOM
  21. 2026-08-24
    days on market $239,000 Active 103 DOM
  22. 2026-08-23
    days on market $239,000 Active 102 DOM
  23. 2026-08-22
    days on market $239,000 Active 101 DOM
  24. 2026-08-21
    days on market $239,000 Active 100 DOM
  25. 2026-08-20
    days on market $239,000 Active 99 DOM
  26. 2026-08-19
    days on market $239,000 Active 98 DOM
  27. 2026-08-18
    days on market $239,000 Active 97 DOM
  28. 2026-08-17
    days on market $239,000 Active 96 DOM
  29. 2026-08-16
    days on market $239,000 Active 95 DOM
  30. 2026-08-15
    days on market $239,000 Active 94 DOM
  31. 2026-08-14
    days on market $239,000 Active 93 DOM
  32. 2026-08-13
    price $239,000 Active 92 DOM
  33. 2026-08-13
    days on market $244,000 Active 92 DOM
  34. 2026-08-12
    days on market $244,000 Active 91 DOM
  35. 2026-08-11
    days on market $244,000 Active 90 DOM
  36. 2026-08-10
    days on market $244,000 Active 89 DOM
  37. 2026-08-09
    days on market $244,000 Active 88 DOM
  38. 2026-08-08
    days on market $244,000 Active 87 DOM
  39. 2026-08-07
    days on market $244,000 Active 86 DOM
  40. 2026-08-06
    days on market $244,000 Active 85 DOM
  41. 2026-08-05
    days on market $244,000 Active 84 DOM
  42. 2026-08-04
    days on market $244,000 Active 83 DOM
  43. 2026-08-03
    days on market $244,000 Active 82 DOM
  44. 2026-07-31
    days on market $244,000 Active 79 DOM
  45. 2026-07-30
    days on market $244,000 Active 78 DOM
  46. 2026-07-29
    days on market $244,000 Active 77 DOM
  47. 2026-07-27
    days on market $244,000 Active 75 DOM
  48. 2026-07-25
    days on market $244,000 Active 73 DOM
  49. 2026-07-23
    days on market $244,000 Active 71 DOM
  50. 2026-07-22
    days on market $244,000 Active 70 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

Current annual tax
$3,475 · $290/mo
Projected year-2 tax
$3,757 · $313/mo
Expected delta
+$282/yr (+$24/mo · 8.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 2/10 Low
  • 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$37,920
− Mortgage interest
−$13,388
− Property taxes
−$3,475
− Insurance
−$1,195
− Repairs & maintenance
−$3,034
− Management
−$3,034
− Depreciation
−$6,953
Taxable income
$6,843
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,642
After-tax cash flow
$8,605/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 10 photos

Good 80/100 Cosmetic rehab Est. rehab $11,880–$35,640 screening

This multi-family property is in good condition with modern updates and a quiet location. It's a great investment opportunity with potential for further value through minor cosmetic improvements.

Value-add opportunities

  • Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics, attracting more buyers and renters
  • Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract more tenants

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 51/100

Zoned Schools

Elementary Abram Lansing School F NY #1,277/2,108 Nat'l #16,061/41,679 Middle Cohoes Middle School F NY #497/729 Nat'l #7,813/14,009 High Cohoes High School B+ NY #665/1,100 Nat'l #1,809/17,239

Schools (NCES district)

District
Cohoes City School District
NCES district ID
3607980
Math proficiency
38% ▼ -4.00%
Reading proficiency
48% ▲ 3.00%
Median HH income
$45,104
Composite
36.48/100
National rank
#4655
State rank
#487 of 590 in NY
A Composite livability gradescore 83/100

Livability — Cohoes

Score
83/100
State rank
#61
US rank
#895

Category grades

Amenities A+ Commute A+ Cost of living B Crime A- Employment C- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Cohoes, NY
County
Albany County · 320,794 people
City population
23,532
Metro
Albany-Schenectady-Troy, NY
Population (ZIP)
23,532
Household income
$66,071
Rent vs Own
54.3% rent · 45.7% own
Severe rent burden
6% of renters

Population outlook (Albany County) Hauer SSP2

Today (2025)
320,794 people
By 2030
327,401 · +2.1%
By 2040
338,218 · +5.4%
By 2050
348,467 · +8.6%
By 2075
381,693 · +19.0%
By 2100
393,809 · +22.8%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (70%)
Race & ethnicity
White 70% Two or more races 11% Black 9% Hispanic / Latino 7% Asian 5%
Hispanic origin (detail)
Puerto Rican 3% Dominican 2%
Common ancestry
Lithuanian 8% Romanian 6% Iranian 2%
Foreign-born
9% · Canada, China
Languages at home
87% English-only · Spanish 3% Other Indo-European 3% Chinese 2%

Political lean MEDSL · Albany

2024 margin
Strong D (+25.8) · D 62.9% · R 37.1%
2008→2024 swing
-3.6pp toward R · 2008: 29.4pp · 2024: 25.8pp
All cycles
2024: D+25.8 2020: D+31.4 2016: D+24.3 2012: D+31.0 2008: D+29.4

Not yet ingested

Civics

Price history

+322.0% since first listed
4 events — show timeline
  • 2026-05-10 Listed $249,000 Global MLS
  • 2019-06-20 Sold (Public Records) $41,590 Public Records
  • 2014-08-08 Listing Removed Global MLS
  • 2014-06-07 Listed $59,000 Global MLS

Property tax history

+4.8%/yr

Latest (2025): $3,475 · -22.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…