Two-Family Residential Income
For Sale
$254,900
Pending
69 Dana Avenue, Albany, NY 12208
MULTI_FAMILY - Other - Albany, NY
Property Size1,938 SF
Lot Size0.04 Acres
Days on Market55
Property Features for 69 Dana Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3
Patio and Porch features
Porch
Fencing
Fenced
Basement
Full
Lot features
Cleared
Elementary school
Giffen Memorial
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
New Scotland Ave to Dana Ave
Standard status
Pending
APN
010100 76.23-1-39
Size
1,938 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6442
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1905
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Vinyl Siding
Roof type
Metal, Rubber, Flat
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 439-9600
Listed By:
Leo E Palmer · License #10401273078
(518) 810-3697
Added: Jun 7
Changed: Jul 24
Last Checked: Jul 31 at 4:06AM
MLS# 202619295
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 two-family residential income property offers two separate units within a well maintained structure. The second floor is currently leased through 1/2027, providing an existing stream of rental income. The first floor is vacant, creating flexibility for either an owner occupant looking to offset housing costs or an investor prepared to lease the space. The property is sized at 1,938 square feet on a 0.04-acre lot.
69 Dana Avenue is located in Albany, New York (12208) within a Multi Residence zoning designation. The public remarks indicate convenient access to nearby shopping, restaurants, schools, major highways, and downtown, which may support a range of tenant lifestyles and commuting needs.
For buyers evaluating owner-occupancy or continued tenancy, the current leasing in place through 1/2027 may appeal to those seeking immediate income with a future opportunity on the vacant first floor. The property’s two-unit structure also supports operational flexibility, whether you plan to live on one level while renting the other, or reposition the first floor for rental use after it is leased. Offers are subject to a highest-and-best deadline noted in the remarks.
69 Dana Avenue is located in Albany, New York (12208) within a Multi Residence zoning designation. The public remarks indicate convenient access to nearby shopping, restaurants, schools, major highways, and downtown, which may support a range of tenant lifestyles and commuting needs.
For buyers evaluating owner-occupancy or continued tenancy, the current leasing in place through 1/2027 may appeal to those seeking immediate income with a future opportunity on the vacant first floor. The property’s two-unit structure also supports operational flexibility, whether you plan to live on one level while renting the other, or reposition the first floor for rental use after it is leased. Offers are subject to a highest-and-best deadline noted in the remarks.
Key Highlights
- Two‑family property built in 1905
- 2nd‑floor unit is leased through 1/2027
- 1st‑floor unit is vacant, offering owner‑occupant or rental‑income flexibility
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 | $33.7k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $31.5k | $16.27 |
| − OpEx | −$9.5k | −$4.88 |
| NOI | $22.1k | $11.39 |
1,938 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.9K
NOI $22,071 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$282.8K
$247.5K – $329.9K
NOI $19,796 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$511.3K
$447.4K – $596.5K
NOI $35,791 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,701
Businesses Nearby
Explore this area
Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
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 - Two-family property with a tenant-occupied second floor through 1/2027 and a vacant first floor for flexible use.
Where is this duplex located?
The property is located at 69 Dana Avenue Albany, NY.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two‑family property built in 1905; 2nd‑floor unit is leased through 1/2027; 1st‑floor unit is vacant, offering owner‑occupant or rental‑income flexibility
