Updated Two-Family
For Sale
$325,000
Pending
140 Grand Street, Albany, NY 12202
MULTI_FAMILY - Other - Albany, NY
Property Size2,880 SF
Lot Size0.05 Acres
Days on Market57
Property Features for 140 Grand Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3
Interior features
Built-in Features, Ceramic Tile Bath, Crown Molding
Fencing
Fenced
Fireplace
1
Basement
Finished, Full, Apartment
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Madison Ave to Grand St
Standard status
Pending
APN
010100 76.57-2-53
Size
2,880 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6221
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
private backyard
cathedral ceilings
Building Details
Year built
1871
Number of units
2
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
Gucciardo Real Estate Group LLC
(518) 221-9079
Listed By:
Pavel Karakalchu · License #10401307281
(518) 728-6305
Added: Jun 9
Changed: Jul 31
Last Checked: Aug 4 at 11:06AM
MLS# 202619194
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.
140 Grand Street is an updated two-family duplex with brick construction and a private backyard. The main unit offers 5 bedrooms and 2 full bathrooms, with a fully repainted interior, brand new kitchen with new appliances, updated finishes, and cathedral ceilings. The lower level apartment includes 1 bedroom and 1 full bathroom, along with its own updated kitchen and living space.
Recent improvements include a newer high-efficiency boiler and tankless hot water heater. The property features natural gas heat with baseboard systems, a fireplace, fenced yard, and interior finishes including built-in features, crown molding, and ceramic tile bath. Public water and public sewer are available.
Built in 1871, this duplex presents an owner-occupant or investment setup, with the main unit currently vacant.
Recent improvements include a newer high-efficiency boiler and tankless hot water heater. The property features natural gas heat with baseboard systems, a fireplace, fenced yard, and interior finishes including built-in features, crown molding, and ceramic tile bath. Public water and public sewer are available.
Built in 1871, this duplex presents an owner-occupant or investment setup, with the main unit currently vacant.
Key Highlights
- Updated two‑family duplex with main unit currently vacant
- Main unit layout: 5 bedrooms and 2 full bathrooms with cathedral ceilings
- Lower level apartment: 1 bedroom and 1 full bathroom with updated kitchen and living space
Financial Insights For Apartment 5plus
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 | $57.0k | $19.80 |
| − Vacancy | −$3.5k | −$1.23 |
| EGI | $53.5k | $18.57 |
| − OpEx | −$24.1k | −$8.36 |
| NOI | $29.4k | $10.21 |
2,880 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.5K
$410.0K – $546.6K
NOI $32,798 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$420.3K
$367.7K – $490.3K
NOI $29,419 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$759.8K
$664.9K – $886.5K
NOI $53,188 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family duplex with a vacant main unit, private backyard, and recent high-efficiency boiler and tankless hot water.
Where is this duplex located?
The property is located at 140 Grand Street Albany, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Updated two‑family duplex with main unit currently vacant; Main unit layout: 5 bedrooms and 2 full bathrooms with cathedral ceilings; Lower level apartment: 1 bedroom and 1 full bathroom with updated kitchen and living space
