Albany Brownstone with Garden
44 Clinton Avenue Albany, NY 12210
44 Clinton Avenue, Albany, NY, 12210
$365,000
Pending
For Sale
$365,000
Pending
MULTI_FAMILY - Other - Albany, NY
Property Size2,834 SF
Lot Size0.03 Acres
Days on Market212
Property Features for 44 Clinton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Patio and Porch features
- Porch, Deck
- Interior features
- High Speed Internet, Walk-In Closet(s), Ceramic Tile Bath, Crown Molding
- Basement
- Walk-Out Access, Apartment, Exterior Entry
- Standard status
- Pending
- APN
- 010100 76.26-1-16
- Size
- 2,834 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3750
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1881
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Hardwood, Laminate
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing Agency
Berkshire Hathaway Home Services Blake
(518) 935-2555
3 Winners Circle Ste 305, Albany, NY
Listed by
Edwin R Hersh · License #30HE0941344
(518) 935-2555
Added: Dec 17, 2025 Checked: Jul 17 at 7:06 am
MLS# 202530923
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.
This classic Albany Brownstone features a garden/basement apartment and is situated near the Palace Theater and the downtown Albany entertainment district, offering convenient access to shopping, dining, entertainment, government offices, and major highways. It presents an excellent opportunity for investors or owner-occupants and has been successfully used as an Airbnb with five-star reviews. The owner's unit spans the top three floors and includes a sitting room, foyer, and living room on the first floor, all with hardwood flooring. The second floor features one bedroom, a kitchen with a dining area, all with hardwood, a full tile bath with a walk-in shower, and a laundry closet with a stackable washer and dryer. The third floor offers two bedrooms with laminate flooring and a full bath with a clawfoot tub. The garden apartment includes a living room, a kitchen area, one bedroom, and a full tile bath. The property includes fireplaces that the seller considers decorative only. The owner's unit has been successfully used as an Airbnb with five-star reviews. The property offers views of the Albany skyline from the rear. The lot size is 0.03 acres and the property size is 2834 square feet.
Key Highlights
- Income‑generating potential: Garden/basement apartment suitable for rental income or Airbnb.
- Prime location: Close to Palace Theater, downtown Albany entertainment district, government offices, shopping, dining, and major highways.
- Spacious owner's unit: Top three floors with multiple rooms, including living areas, kitchen, bedrooms, and bathrooms.
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 | $49.3k | $17.40 |
| − Vacancy | −$3.2k | −$1.13 |
| EGI | $46.1k | $16.27 |
| − OpEx | −$13.8k | −$4.88 |
| NOI | $32.3k | $11.39 |
2,834 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.1K
$403.4K – $537.9K
NOI $32,274 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic Albany Brownstone near downtown, ideal for investors or owners.
Where is this duplex located?
The property is located at 44 Clinton Avenue Albany, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Income‑generating potential: Garden/basement apartment suitable for rental income or Airbnb.; Prime location: Close to Palace Theater, downtown Albany entertainment district, government offices, shopping, dining, and major highways.; Spacious owner's unit: Top three floors with multiple rooms, including living areas, kitchen, bedrooms, and bathrooms.
