Incredible value add opportunity with potential to earn a high double digit cap rate after renovations. Solid 4 unit with good bones, all apartments need cosmetic rehab, mechanicals in good shape, tenants pay separate utilities. All 4 units will be able to be gross $50k+ after rehab, and NOI of $40k+ is very realistic. Put $25k in your pocket after the mortgage! Don't miss this opportunity before its gone!
Closed
$242,000
1619 5th Street, Rensselaer, NY 12144
11beds
4,400sqft
Quadruplex, Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$55/sqft
$2,233 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,233/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 12, 2024 at 07:21pm
Listed by:
John M Bevilacqua 518-240-9938,
The Property Shop
Bought with:
John M Bevilacqua, 10491209113
The Property Shop
Source: Global MLS,MLS#: 202323660
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Natural Gas
Cooling
- Window Unit(s)
Features
- Flooring: Hardwood
- Basement: Partial
Interior area
- Total structure area: 4,400
- Total interior livable area: 4,400 sqft
- Finished area above ground: 4,400
Property
Features
- Patio & porch: None
- Exterior features: None
- Fencing: None
Lot
- Size: 4,791 sqft
- Features: Level
Details
- Parcel number: 381400 133.78116.1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Rubber
Condition
- Fixer
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Rensselaer
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2025 | Listing removed | $529,500$120/sqft |
Source:  Global MLS #202511757 Report a problem | ||
| 2/7/2025 | Listed for sale | $529,500+118.8%$120/sqft |
Source: Global MLS #202511757 Report a problem | ||
| 11/27/2023 | Sold | $242,000-2.8%$55/sqft |
Source: Global MLS #202323660 Report a problem | ||
| 9/8/2023 | Pending sale | $249,000$57/sqft |
Source: Global MLS #202323660 Report a problem | ||
| 8/28/2023 | Listed for sale | $249,000-2.4%$57/sqft |
Source: Global MLS #202323660 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2020 | -- | $100 -80% |
| 2019 | -- | $500 |
| 2018 | -- | $500 |
Find assessor info on the county website
Neighborhood: 12144
Nearby schools
GreatSchools rating
- 4/10Van Rensselaer Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Rensselaer Junior Senior High SchoolGrades: 6-12Distance: 0.5 mi