Two-Unit Duplex with
For Sale
$239,700
Pending
211 N Allen Street, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,088 SF
Lot Size0.05 Acres
Days on Market208
Property Features for 211 N Allen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Window features
Wood Frames
Patio and Porch features
Porch
Fireplace
1
Basement
Walk-Out Access, Unfinished, Interior Entry, Full
Lot features
Level
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
RT 5 Central Avenue to North Allen Street
Standard status
Pending
APN
010100 64.36-4-72
Size
2,088 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7001
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Water source
Public
Amenities
front porches
Building Details
Year built
1925
Number of units
2
Flooring type
Hardwood, Linoleum, Tile - Ceramic
Building materials
Aluminum Siding, Clapboard
Roof type
Built-Up
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
William G Hannon · License #10401210864
(518) 424-4827
Added: Mar 13
Changed: Sep 12
Last Checked: Oct 6 at 5:06AM
MLS# 202613276
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.
Built in 1925, this 2,088-square-foot duplex contains two residential units, each offering three bedrooms, a combined living and dining area, an eat-in kitchen, and one full bathroom. The property includes front porches, a full basement, and separated utilities. Hardwood, linoleum, and ceramic tile flooring are present, with natural gas and steam heating. A fireplace is also included.
The 0.05-acre property is located at 211 N Allen Street in Albany, near Central Avenue and RT 5. Bus service is close by, and shopping is within a short walk. The property is zoned Multi Residence and is served by public water and public sewer, with cable available. Aluminum siding and clapboard form the exterior, while the roof is built-up.
The 0.05-acre property is located at 211 N Allen Street in Albany, near Central Avenue and RT 5. Bus service is close by, and shopping is within a short walk. The property is zoned Multi Residence and is served by public water and public sewer, with cable available. Aluminum siding and clapboard form the exterior, while the roof is built-up.
Key Highlights
- Two‑unit duplex with 2,088 square feet of property size
- Each unit includes 3 bedrooms, a combined living and dining room, eat‑in kitchen, and 1 full bathroom
- Separate utilities for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,329
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,580
$426.6K
Cap Rate 7%
$304,700
$304.7K
Cap Rate 9%
$236,989
$237.0K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$41.3K $19.80/SF
− Vacancy
−$2.6K −$1.23/SF
EGI
$38.8K $18.57/SF
− OpEx
−$17.5K −$8.36/SF
NOI
$21.3K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,580
Cap Rate 7%
$304,700
Cap Rate 9%
$236,989
Alternative Uses
Best Use
Multifamily LT 5
$339.7K
$297.2K – $396.3K
NOI $23,779 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,329 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$550.9K
$482.0K – $642.7K
NOI $38,561 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units with separate utilities, front porches, and full basement storage.
Where is this duplex located?
The property is located at 211 N Allen Street Albany, NY.
What is the asking price?
The asking price for this property is $239,700.
What are key features of this property?
This property features: Two‑unit duplex with 2,088 square feet of property size; Each unit includes 3 bedrooms, a combined living and dining room, eat‑in kitchen, and 1 full bathroom; Separate utilities for the two units
