13 Sargent St · Cohoes, NY 12047

$249,000

4 bd · 2.0 ba · 2,376 sqft · MultiFamily public records · 39 Days on market

Built 1920 2,613 sqft lot $105/sqft · 27% below area Est $341k · 27% under

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Why this score? — see what drove the B+ 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 +29.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Rent growth +4.4/5.0
• Livability +4.2/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

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 PROPERTY
• COMPLETELY UPDATED

Property features AI

Finance

• Other:
• Financial info: Two-unit property
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer
• Home design: Duplex; Vinyl 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 heating; Ductless cooling
• Interior features: Wood flooring; Full basement
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $249k.

Deal economics

• At list price, monthly cash flow is $921 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $249k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 4.7% 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.
• Market conditions: Rents rising fast (+7.6%/yr); 114 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 675 units permitted in Albany County in 2024 (451 in 5+ unit buildings).
• At $3,316/mo this rent would consume 60% of the median local household income ($66k/yr) (locally 1395% of renters already pay >50% of income on rent) — 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 $70k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($242k) 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 $249k implies a 499% 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 $241,530 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.33% ✓
• Cap rate: 10.73%
• Cash-on-cash: 15.84%
• DSCR: 1.70
• GRM: 6.3

CMA / ARV

• ARV (median comp): $340,534
• List price: $249,000
• Delta: -26.88%
• 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%)	3mo	$260,000	$108	77
35 Grant St	0.21mi	4/2.0	2,100 (-12%)	0mo	$150,000	$71	70
119 Congress St	0.42mi	5/2.0 (+1)	2,372 (-0%)	8mo	$207,000	$87	69
35 Mangam St	0.25mi	4/4.0	2,320 (-2%)	10mo	$356,000	$153	68
47 Younglove Ave	0.25mi	4/2.0	2,182 (-8%)	10mo	$235,000	$108	66
171 Lancaster St	0.61mi	4/2.0	2,308 (-3%)	9mo	$245,500	$106	60
175 Congress St	0.56mi	4/2.0	2,552 (+7%)	3mo	$77,500	$30	59
59 Amity St	0.54mi	4/2.0	2,208 (-7%)	5mo	$240,000	$109	59
61 Main St	0.26mi	4/2.0	2,040 (-14%)	10mo	$317,000	$155	56
120 Mann Ave	0.59mi	4/2.0	2,112 (-11%)	7mo	$305,000	$144	49
172 Congress St	0.55mi	5/2.0 (+1)	2,094 (-12%)	8mo	$120,000	$57	43
203 Congress St	0.62mi	5/2.0 (+1)	2,700 (+14%)	9mo	$150,000	$56	36

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: 11.8%
• Equity multiple: 1.49×
• Total profit: $34,377
• Equity at exit: $37,127

10-year hold

• IRR: 24.1%
• Equity multiple: 3.55×
• Total profit: $178,056
• Equity at exit: $21,529

Cash invested: $69,720 (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.

Methodology + full state rankings →

ZIP-level market 12047

• Home prices YoY: -10.7%
• Rents YoY: 7.6%
• Active inventory: 114
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $3,316 high
• Mortgage (P&I): −$1,306
• Tax from tax record: −$290 /mo · $3,475/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$696
• Net cashflow: $921

Break-even live

Break-even rent $2,151

Max offer price $249,000

Occupancy floor 67%

Sensitivity live

Price	-10% $1,062	-5% $991	+0% $921	+5% $850	+10% $780
Rent	-10% $659	-5% $790	+0% $921	+5% $1,052	+10% $1,183
Rate	-1.0pp $1,046	-0.5pp $984	base $921	+0.5pp $856	+1.0pp $790

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,316
Total (2 units)			$3,316

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12 White St Cohoes, NY	3.0	2.0	1790	$2,895	$1.62	20d	1	0.25mi
192 Saratoga St Cohoes, NY	1.0–3.0	1.0–3.0	1157	$2,600	$2.25	15d	4	0.36mi
6 Hamilton Pl Unit 2 Cohoes, NY	3.0	1.0	2300	$1,999	$0.87	20d	1	0.40mi
100 N Mohawk St Cohoes, NY	1.0–3.0	1.0–3.0	1769	$3,840	$2.17	15d	18	0.50mi
53 Park Ave Cohoes, NY	3.0	1.0	1875	$1,600	$0.85	15d	1	0.86mi

Listing history 20 events

1. 2026-06-21
   days on market $249,000 Active 39 DOM
2. 2026-06-18
   days on market $249,000 Active 36 DOM
3. 2026-06-17
   days on market $249,000 Active 35 DOM
4. 2026-06-16
   days on market $249,000 Active 34 DOM
5. 2026-06-15
   days on market $249,000 Active 33 DOM
6. 2026-06-14
   days on market $249,000 Active 31 DOM
7. 2026-06-13
   days on market $249,000 Active 30 DOM
8. 2026-06-10
   days on market $249,000 Active 28 DOM
9. 2026-06-09
   days on market $249,000 Active 27 DOM
10. 2026-06-08
    days on market $249,000 Active 26 DOM
11. 2026-06-07
    days on market $249,000 Active 25 DOM
12. 2026-06-03
    days on market $249,000 Active 21 DOM
13. 2026-06-02
    days on market $249,000 Active 20 DOM
14. 2026-06-01
    days on market $249,000 Active 19 DOM
15. 2026-05-31
    days on market $249,000 Active 18 DOM
16. 2026-05-31
    days on market $249,000 Active 17 DOM
17. 2026-05-10
    listed $249,000 Active 265-char remark
18. 2019-06-20
    soldstatus $41,590
19. 2014-08-08
    historical
20. 2014-06-07
    listed $59,000

ⓘ 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: $3,841 · $320/mo
• Expected delta: +$367/yr (+$31/mo · 10.6%)

ⓘ 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

Taxation est. · year 1

• Rental income: $39,792
• − Mortgage interest: −$13,948
• − Property taxes: −$3,475
• − Insurance: −$1,245
• − Repairs & maintenance: −$3,183
• − Management: −$3,183
• − Depreciation: −$7,244
• Taxable income: $7,514
• Est. tax owed @ 24.0%: −$1,803
• After-tax cash flow: $9,243/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.

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

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 · 196,626 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: 1395.0

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: —

Market trends

• HPI YoY: ▼ -38.15%
• Current HPI: 317.4057
• Rent YoY: ▲ 7.60%
• Metro: Albany-Schenectady-Troy, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

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.