Flexible Duplex with
For Sale
$399,900
Pending
107 Van Rensselaer Boulevard, Albany, NY 12204
MULTI_FAMILY - Other - Albany, NY
Property Size1,998 SF
Lot Size1.00 Acre
Days on Market64
Property Features for 107 Van Rensselaer Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Mixed
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 3
Parking
8
Parking features
Off Street, Open, Driveway
Patio and Porch features
Deck
Interior features
Paddle Fan
Exterior features
Garden
Basement
Full, Walk-Out Access
Lot features
Private, Wooded, Cleared
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Northern Blvd to right on Van Rensselaer Blvd. #107 on left, circular driveway
Standard status
Pending
APN
65.8-2-28
Size
1,998 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
5439
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood, Tile, Laminate
Building materials
Aluminum Siding, Stone
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 439-9600
Listed By:
Karen W Glaser · License #30GL1096272
(518) 527-9221
Added: Jun 18
Changed: Jul 24
Last Checked: Aug 20 at 12:06PM
MLS# 202619944
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.
107 Van Rensselaer Boulevard is a versatile duplex-style home featuring classic interior details, including hardwood floors and original woodwork. The main level offers comfortable living and entertaining space, supported by a dedicated office and a bright sunroom. Upstairs includes a 2-bedroom, 1-bath apartment with its own kitchen and living area.
The property sits on an approximately 1-acre lot, providing meaningful outdoor space and privacy for gardening, recreation, or future use. Zoning is listed as Mixed, offering flexibility for how the property may be approached by an owner-occupant or investor.
For tenants, the upstairs apartment arrangement can support independent living with its own kitchen and common areas. For buyers, the existing layout can also be converted back into a 4-bedroom single-family configuration, depending on how you want to use the space. With its character-rich interiors, dedicated office, and generous lot size, the property is designed to accommodate multiple ownership and occupancy goals.
The property sits on an approximately 1-acre lot, providing meaningful outdoor space and privacy for gardening, recreation, or future use. Zoning is listed as Mixed, offering flexibility for how the property may be approached by an owner-occupant or investor.
For tenants, the upstairs apartment arrangement can support independent living with its own kitchen and common areas. For buyers, the existing layout can also be converted back into a 4-bedroom single-family configuration, depending on how you want to use the space. With its character-rich interiors, dedicated office, and generous lot size, the property is designed to accommodate multiple ownership and occupancy goals.
Key Highlights
- 1‑acre lot with deck and garden features at 107 Van Rensselaer Blvd
- Built in 1920 with hardwood floors and original woodwork on the main level
- Includes a dedicated office and a sunroom for additional flexible living space
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
$22,754
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
5.69%
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%
$455,080
$455.1K
Cap Rate 7%
$325,057
$325.1K
Cap Rate 9%
$252,822
$252.8K
Market Conditions
NOI Build-Up for 1,998 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
$34.8K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.5K $16.27/SF
− OpEx
−$9.8K −$4.88/SF
NOI
$22.8K $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%
$455,080
Cap Rate 7%
$325,057
Cap Rate 9%
$252,822
Alternative Uses
Best Use
Multifamily LT 5
$325.1K
$284.4K – $379.2K
NOI $22,754 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$291.6K
$255.1K – $340.2K
NOI $20,409 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$527.1K
$461.2K – $615.0K
NOI $36,899 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 12204, NY
7,818
Population
4,290
Households
1.8
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
1,907
Density / Sq Mi
$75,197
Median Household Income
$48,911
Median Earnings
$1,294
Median Rent
$226,300
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 - Duplex-style residence with hardwood floors, an upstairs 2-bedroom unit, and a sunroom plus office space.
Where is this duplex located?
The property is located at 107 Van Rensselaer Boulevard Albany, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1‑acre lot with deck and garden features at 107 Van Rensselaer Blvd; Built in 1920 with hardwood floors and original woodwork on the main level; Includes a dedicated office and a sunroom for additional flexible living space
