Two-Family Property with Recent
1 Manning Square Albany, NY 12206
1 Manning Square, Albany, NY, 12206
$268,000
Pending
For Sale
$268,000
Pending
Two-family property featuring hardwood floors, new roof, and updated bathroom.
Property Size1,800 SF
Days on Market192
Property Features for 1 Manning Square
General Information
- Standard status
- Pending
- Size
- 1,800 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1904
Listing Agency
REMAX Solutions
(518) 424-6697
Listed by
Joli A Chamberlain · License #40CH0958608
(518) 424-6697
Source
Compass
Added: Jan 7 Checked: Jul 17 at 4:03 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Solutions
Investment Insights
Based on property information with market context.
This two-family property presents an opportunity for investment or owner occupancy. The 1,800 square foot property features hardwood floors, French doors, and built-in cabinets in the kitchens. Recent updates include a new roof, an updated bathroom, and new carpet. The property is located close to shopping and the park.
Key Highlights
- Great investment or owner‑occupied opportunity.
- New roof.
- Hardwood floors.
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 | $31.3k | $17.40 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $29.3k | $16.27 |
| − OpEx | −$8.8k | −$4.88 |
| NOI | $20.5k | $11.39 |
1,800 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.7K
NOI $20,499 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$262.7K
$229.8K – $306.5K
NOI $18,387 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$474.9K
$415.5K – $554.0K
NOI $33,242 @ 7.0% cap · market cap 12.40%
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 - Two-family property featuring hardwood floors, new roof, and updated bathroom.
Where is this duplex located?
The property is located at 1 Manning Square Albany, NY.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Great investment or owner‑occupied opportunity.; New roof.; **Hardwood floors.**
