4-Unit Quadplex with In-Unit
For Sale
$599,000
108 Southern Boulevard, Albany, NY 12209
Each residence offers three bedrooms, one bathroom, and its own laundry facilities.
Property Size4,890 SF
Price / SF$122.49
Days on Market13
Property Features for 108 Southern Boulevard
General Information
Standard status
Active
Size
4,890 SF
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,309
Amenities
in-unit laundry
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
KW Platform
Listed By:
Thaddeus Jones · License #10301220962
(518) 681-1836
Source:
Capmarkrealty
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 9 at 5:24PM
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 KW Platform
Investment Insights
Based on property information with market context.
Built in 1920, this 4,890-square-foot quadplex contains four residential units. Each unit has three bedrooms, one bathroom, in-unit laundry, and modern finishes.
Two units are occupied under month-to-month leases, one is being delivered vacant, and the fourth tenant is expected to vacate by the end of October.
Two units are occupied under month-to-month leases, one is being delivered vacant, and the fourth tenant is expected to vacate by the end of October.
Key Highlights
- Four units, each with 3 bedrooms and 1 bathroom
- 4,890 square feet; built in 1920
- In‑unit laundry in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,950
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,000
$999.0K
Cap Rate 7%
$713,571
$713.6K
Cap Rate 9%
$555,000
$555.0K
Market Conditions
NOI Build-Up for 4,890 SF
Gross rent
$96.8K $19.80/SF
− Vacancy
−$6.0K −$1.23/SF
EGI
$90.8K $18.57/SF
− OpEx
−$40.9K −$8.36/SF
NOI
$50.0K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,000
Cap Rate 7%
$713,571
Cap Rate 9%
$555,000
Alternative Uses
Best Use
Multifamily LT 5
$795.6K
$696.1K – $928.2K
NOI $55,689 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$713.6K
$624.4K – $832.5K
NOI $49,950 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,309 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
430
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers three bedrooms, one bathroom, and its own laundry facilities.
Where is this quadplex located?
The property is located at 108 Southern Boulevard Albany, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 1 bathroom; 4,890 square feet; built in 1920; In‑unit laundry in each residence
