Two-Family Residential Income
For Sale
$359,000
11 Homestead Avenue, Albany, NY 12203
Two-family property offers two full bathrooms, a fireplace, and garage parking across spacious interiors.
Property Size2,632 SF
Price / SF$136.40
Days on Market12
Property Features for 11 Homestead Avenue
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
fireplace
garage parking
Building Details
Year Built
1916
Tenancy
Multi
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
John P Brunette
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 30 at 4:49PM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This two-family residential income property features spacious interiors and includes two full bathrooms. The home also offers a fireplace and garage parking, with a total size of 2,632 square feet.
Set on a tree-lined street, the property is described as being near schools, local parks, shopping, universities, and major highways.
The offering is presented as income producing, supported by the property’s two-family configuration and overall interior layout.
Set on a tree-lined street, the property is described as being near schools, local parks, shopping, universities, and major highways.
The offering is presented as income producing, supported by the property’s two-family configuration and overall interior layout.
Key Highlights
- 1916‑built two‑family home with 2 full bathrooms across 2,632 SF
- Fireplace included
- Garage parking available
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 | $45.8k | $17.40 |
| − Vacancy | −$3.0k | −$1.13 |
| EGI | $42.8k | $16.27 |
| − OpEx | −$12.8k | −$4.88 |
| NOI | $30.0k | $11.39 |
2,632 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$428.2K
$374.7K – $499.6K
NOI $29,974 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$384.1K
$336.1K – $448.1K
NOI $26,885 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$694.4K
$607.6K – $810.1K
NOI $48,608 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
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 offers two full bathrooms, a fireplace, and garage parking across spacious interiors.
Where is this duplex located?
The property is located at 11 Homestead Avenue Albany, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1916‑built two‑family home with 2 full bathrooms across 2,632 SF; Fireplace included; Garage parking available
