Albany Brick Duplex Investment
13 Fay Street Albany, NY 12203
13 Fay Street, Albany, NY, 12203
$369,000
Pending
For Sale
$369,000
Pending
MULTI_FAMILY - Other - Albany, NY
Property Size2,050 SF
Lot Size0.26 Acres
Days on Market60
Property Features for 13 Fay Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2
- Parking
- 6
- Parking features
- Garage, Driveway
- Window features
- Bay Window(s), Blinds
- Interior features
- Solid Surface Counters
- Fireplace
- 1
- Basement
- Full, Exterior Entry, Interior Entry
- Standard status
- Pending
- APN
- 010100 64.45-1-46 01
- Size
- 2,050 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7736
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1970
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick, Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
KW Platform
(518) 724-5800
935 New Loudon Rd, Latham, NY
Listed by
Dominick Ieraci · License #30IE0802009
(518) 339-0052
Added: May 19 Checked: Jul 16 at 11:06 pm
MLS# 202617536
Listing URL
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained brick duplex, suitable for investors and owner-occupants, is located in a prime location and features two spacious units. Each unit includes two bedrooms, one bathroom, a large living room, and a dining area. The property has separate electric and gas meters for each unit. The first-floor unit is currently occupied, while the second-floor unit is vacant and ready for immediate occupancy or rental income. The first-floor unit features a decorative faux fireplace in the living room. Both units offer hardwood floors, large picture windows providing natural light, and open kitchen layouts with adjoining dining areas. Each unit has its own laundry setup; the first-floor unit includes interior basement access with a laundry area, while the second-floor unit offers washer/dryer hookups. Situated on an oversized 0.26-acre lot for a duplex, the property provides ample parking plus a detached 2-car garage. The property is located in a desirable rental area with close proximity to SUNY Albany, shopping, restaurants, and major conveniences. The property size is 2050 square feet. The property also benefits from waste pick up in Albany city, presenting an excellent opportunity for investment or owner occupancy.
Key Highlights
- Brick up‑and‑down duplex built in 1970 with a separate electric and gas meter for each unit
- Each unit offers 2 bedrooms and 1 bathroom with hardwood floors and large picture windows for natural light
- First‑floor unit is currently occupied; second‑floor unit is vacant and ready for immediate occupancy or rental income
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $17.40 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $33.4k | $16.27 |
| − OpEx | −$10.0k | −$4.88 |
| NOI | $23.3k | $11.39 |
2,050 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,346 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$299.1K
$261.8K – $349.0K
NOI $20,940 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$540.8K
$473.2K – $631.0K
NOI $37,859 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex near SUNY Albany, ideal for investors.
Where is this duplex located?
The property is located at 13 Fay Street Albany, NY.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Brick up‑and‑down duplex built in 1970 with a separate electric and gas meter for each unit; Each unit offers 2 bedrooms and 1 bathroom with hardwood floors and large picture windows for natural light; First‑floor unit is currently occupied; second‑floor unit is vacant and ready for immediate occupancy or rental income
