Updated Two-Family Duplex

28 Kent Street Albany, NY 12206

Claim this Listing
New
For Sale
$324,900

MULTI_FAMILY - Other - Albany, NY

Property size:
2,456 SF
Lot size:
0.06 Acres
Price / SF:
$132/SF
Added:
Jul 10, 2026
Days on Market:
4
Last Refresh:
Jul 13 at 6:06 am

Property Features for 28 Kent Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 4
Patio and Porch features
Deck, Porch
Interior features
Solid Surface Counters, Paddle Fan, High Speed Internet, Built-in Features
Fencing
Fenced
Basement
Full
Standard status
Active
APN
010100 65.45-2-33
Size
2,456 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
6544

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public

Building Details

Year built
1922
Number of units
2
Flooring type
Carpet, Vinyl, Hardwood
Building materials
Vinyl Siding
Roof type
Slate
Architectural style
Other

Listing agent Tatyana Pevzner License #10301221984

Listing office Howard Hanna Capital Inc 20 Aviation Road, Clifton Park, NY

Listing date Jul 10, 2026

MLS# 202621555 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.

An updated two-family duplex offers attractive interior details and practical income flexibility. Recent improvements include newly updated kitchens with quartz counters and updated baths, along with new hot water heaters, some new windows, and updated electrical and plumbing. Exterior updates include newer back porches with recent painting and parging, and a solid slate roof that is regularly maintained. The property has a fenced yard with porches, and basement laundry with separate hookups available, with one set currently shared. The downstairs unit is currently vacant, while the upstairs unit is currently rented monthly. The downstairs was most recently rented for $1,600 and the upstairs at $1,950 for $3,550 total monthly income. The upstairs has been used as a 4-bedroom. Separate utilities support individual tenant management.

The duplex is located at 28 Kent Street in Albany, New York 12206, in Albany County.

Key Highlights

  • Two‑family home with upstairs 4‑bedroom configuration and additional bedrooms across the property
  • Income: upstairs rented monthly at $1,950; downstairs most recently rented for $1,600 for $3,550 total
  • Recently updated kitchens with quartz counters; baths and new hot water heaters

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 $42.7k $17.40
− Vacancy −$2.8k −$1.13
EGI $40.0k $16.27
− OpEx −$12.0k −$4.88
NOI $28.0k $11.39
2,456 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$399.6K
$349.6K – $466.2K (±1% cap)
NOI $27,970 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$358.4K
$313.6K – $418.1K (±1% cap)
NOI $25,088 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K (±1% cap)
NOI $45,357 @ 7.0% cap · market cap 13.96%
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

Real Estate Agency (Bike/Boat/Book/etc) Store Acupuncture Gym & Fitness Center Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

FAQs

What type of property is this?
Duplex - Turn-key duplex with separate utilities, recent kitchen and bath upgrades, and laundry hookups in the basement.
Where is this duplex located?
The property is located at 28 Kent Street Albany, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑family home with upstairs 4‑bedroom configuration and additional bedrooms across the property; Income: upstairs rented monthly at $1,950; downstairs most recently rented for $1,600 for $3,550 total; Recently updated kitchens with quartz counters; baths and new hot water heaters
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message