Two-Unit Duplex with Fenced
New
For Sale
$300,000
10 Bohl Avenue, Albany, NY 12209
MultiFamily, Albany, NY
Property Size2,276 SF
Lot Size0.10 Acres
Price / SF$131.81
Days on Market7
Property Features for 10 Bohl Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking features
Off Street
Security features
Security System
Patio and Porch features
Porch
Interior features
Solid Surface Counters, Ceramic Tile Bath
Basement
Full
Lot features
Level
Elementary school
Delaware Community
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Delaware Ave to Bohl (Triple A Building at corner)
Standard status
Active
APN
75.83-2-6
Size
2,276 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
5400
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1935
Number of units
2
Flooring type
Carpet, Tile, Wood, Laminate
Building materials
Stucco, Vinyl Siding
Roof type
Rubber, Flat
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Cathy B Griffin · License #10301204356
(518) 331-1412
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 5 at 7:06AM
MLS# 202627160
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 2,276-square-foot duplex, built in 1935, contains two residences: a second-floor two-bedroom unit and a first-floor three-bedroom unit. The upper residence has a living room, dining room, enclosed porch, and an alcove suited to a small office or reading area. The lower unit is tenant-occupied under a 12-month lease through April 1, 2027. Both kitchens and bathrooms have been renovated, and the property has updated heating systems, newer windows, and a newer roof. A full basement provides storage, with separate utilities and two laundry areas.
Outdoor features include a front porch and a large, level backyard enclosed by fencing. The property occupies 0.1 acres in Albany. Additional details include forced-air heating, off-street parking, public water, and public sewer.
Outdoor features include a front porch and a large, level backyard enclosed by fencing. The property occupies 0.1 acres in Albany. Additional details include forced-air heating, off-street parking, public water, and public sewer.
Key Highlights
- 2,276‑square‑foot duplex on a 0.1‑acre lot
- Two‑bedroom upper unit and three‑bedroom lower unit
- Lower residence tenant‑occupied under a 12‑month lease through April 1, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$518,400
$518.4K
Cap Rate 7%
$370,286
$370.3K
Cap Rate 9%
$288,000
$288.0K
Market Conditions
NOI Build-Up for 2,276 SF
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.
Gross rent
$39.6K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.0K $16.27/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$25.9K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$518,400
Cap Rate 7%
$370,286
Cap Rate 9%
$288,000
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$332.1K
$290.6K – $387.5K
NOI $23,249 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$600.5K
$525.4K – $700.6K
NOI $42,033 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residences offer distinct two- and three-bedroom layouts, with separate utilities and laundry areas.
Where is this duplex located?
The property is located at 10 Bohl Avenue Albany, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,276‑square‑foot duplex on a 0.1‑acre lot; Two‑bedroom upper unit and three‑bedroom lower unit; Lower residence tenant‑occupied under a 12‑month lease through April 1, 2027
