Historic Duplex with Private
New
For Sale
$368,000
282 Lark Street, Albany, NY 12210
MULTI_FAMILY - Albany, NY
Property Size2,016 SF
Lot Size0.02 Acres
Price / SF$182.54
Days on Market2
Property Features for 282 Lark Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2
Parking features
Off Street
Patio and Porch features
Patio
Exterior features
Garden
Basement
Apartment
View
City
Elementary school
Giffen Memorial
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Madison to Lark.
Standard status
Active
APN
010100 76.24-5-68
Size
2,016 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
8141
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
private fenced backyard
in-unit laundry
Building Details
Year built
1869
Number of units
2
Flooring type
Hardwood, Linoleum, Tile - Ceramic
Building materials
Brick
Roof type
Rubber
Listing Agency:
Renovo Real Estate
(518) 288-3349
Listed By:
Ana G Montemayor · License #10401357619
(518) 878-9298
Added: Jul 30
Last Checked: Jul 31 at 6:06AM
MLS# 202622886
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 1869 historic brick duplex offering flexible two-family living with character and original details. Interior highlights include high ceilings, hardwood flooring, decorative fireplaces, and multiple flooring types throughout. The first unit spans two levels with an open, spacious layout, 1.5 baths, in-unit laundry, and an updated kitchen featuring stainless steel appliances. Both units share access to a private, fenced backyard, with a patio for outdoor use.
The property sits on a 0.02-acre lot with 2,016 square feet of building area and includes off-street parking. Heating is provided by hot water heating with natural gas. Public water and public sewer services support the home, and the roof is identified as rubber. A garden area complements the outdoor space.
Located in Albany’s Center Square neighborhood, the duplex is described as moments from Washington Park, Empire State Plaza, and the restaurants, cafes, and entertainment along Lark Street.
The property sits on a 0.02-acre lot with 2,016 square feet of building area and includes off-street parking. Heating is provided by hot water heating with natural gas. Public water and public sewer services support the home, and the roof is identified as rubber. A garden area complements the outdoor space.
Located in Albany’s Center Square neighborhood, the duplex is described as moments from Washington Park, Empire State Plaza, and the restaurants, cafes, and entertainment along Lark Street.
Key Highlights
- 1869 historic brick duplex with high ceilings, hardwood floors, and decorative fireplaces
- First unit spans two levels with open layout, 1.5 baths, in‑unit laundry, and updated kitchen with stainless steel appliances
- Both units share access to a private, fenced backyard with patio
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 | $35.1k | $17.40 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $32.8k | $16.27 |
| − OpEx | −$9.8k | −$4.88 |
| NOI | $23.0k | $11.39 |
2,016 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.0K
$287.0K – $382.7K
NOI $22,959 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$531.9K
$465.4K – $620.5K
NOI $37,231 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
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 - Historic brick duplex with in-unit laundry, an updated kitchen, and shared access to a private fenced backyard patio.
Where is this duplex located?
The property is located at 282 Lark Street Albany, NY.
What is the asking price?
The asking price for this property is $368,000.
What are key features of this property?
This property features: 1869 historic brick duplex with high ceilings, hardwood floors, and decorative fireplaces; First unit spans two levels with open layout, 1.5 baths, in‑unit laundry, and updated kitchen with stainless steel appliances; Both units share access to a private, fenced backyard with patio
