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Albany Multifamily Opportunity

152 Dove Street Albany, NY 12202

152 Dove Street, Albany, NY, 12202
$230,000
Pending
For Sale
$230,000
Pending

MULTI_FAMILY - Albany, NY

Property Size1,600 SF
Lot Size0.02 Acres
Days on Market69

Property Features for 152 Dove Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Residence
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
Interior features
Paddle Fan, High Speed Internet, Ceramic Tile Bath
Basement
Exterior Entry, Unfinished
Standard status
Pending
APN
010100 76.39-3-34
Size
1,600 SF
Lot size
0.02 Acres

Taxes and HOA fees

Tax Annual Amount
4167

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public

Building Details

Year built
1900
Number of units
2
Flooring type
Hardwood, Tile, Laminate
Building materials
Aluminum Siding, Shingle Siding
Roof type
Rubber
Listing agency DiBlasi Real Estate
Listed by John S DiBlasi · License #10491211230
Added: May 15 Updated: Jun 9 at 1:11PM Checked: Jul 22 at 7:06PM
MLS# 202617389

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 two-unit multifamily property is situated in a convenient location in Albany. The property features hardwood floors and tile bathroom floors. Both kitchens have been updated. Laundry facilities are located in the basement. The units include large bedrooms. The property is within walking distance of downtown Albany, including Washington Park, The Capitol, Empire State Plaza, nightlife, and grocery and package stores. The lot size is 0.02 acres and the property size is 1600 square feet.

Key Highlights

  • Well‑maintained 2‑unit property in Albany with updated kitchens in both units
  • Hardwood floors plus tile bathroom floors, with laminate flooring in select areas
  • Heating includes natural gas forced air; utilities include cable available

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 $27.8k $17.40
− Vacancy −$1.8k −$1.13
EGI $26.0k $16.27
− OpEx −$7.8k −$4.88
NOI $18.2k $11.39
1,600 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$260.3K
$227.8K – $303.7K (±1% cap)
NOI $18,221 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K (±1% cap)
NOI $16,344 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$422.1K
$369.4K – $492.5K (±1% cap)
NOI $29,549 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Carpet & Flooring Store Furniture & Home Goods Electrical Service Pet Grooming Service Home Appliance Store Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Pet Store Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained two-unit property in a convenient Albany location.
Where is this duplex located?
The property is located at 152 Dove Street Albany, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Well‑maintained 2‑unit property in Albany with updated kitchens in both units; Hardwood floors plus tile bathroom floors, with laminate flooring in select areas; Heating includes natural gas forced air; utilities include cable available
Contact an agent
More about this property
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