Duplex with
116 Jefferson Street, Albany, NY 12210
For Sale
New
$235,000
MultiFamily, Albany, NY
Property Size1,292 SF
Lot Size0.02 Acres
Price / SF$181.89
Days on Market3
Property Features for 116 Jefferson Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Fencing
Basement
Lot features
Elementary school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
deck
private garden sitting area
Building Details
Year built
Number of units
Flooring type
Building materials
Listing Agency:
Sterling Real Estate Group
(518) 688-2211
Listed By:
Sarah Itterman · License NY #10401395590
(763) 310-6735
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 202629939
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,292-square-foot brick duplex, built in 1872, contains two one-bedroom apartments, each with a full bathroom and kitchen. Improvements include a kitchen update, fresh paint in the units and entryway, and a new furnace. Hardwood and ceramic tile flooring are present. The property also has a deck and a fenced garden area, with public water and sewer service.
The 0.02-acre property is next to Lincoln Park and has access to downtown Albany, restaurants, shopping, entertainment, and major commuting routes. Both apartments are fully occupied.
The 0.02-acre property is next to Lincoln Park and has access to downtown Albany, restaurants, shopping, entertainment, and major commuting routes. Both apartments are fully occupied.
Key Highlights
- Two one‑bedroom apartments, each with a full bathroom and kitchen
- 1,292 square feet in a brick building constructed in 1872
- Recent kitchen update, fresh paint in units and entryway, and new furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,714
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,280
$294.3K
Cap Rate 7%
$210,200
$210.2K
Cap Rate 9%
$163,489
$163.5K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$22.5K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$21.0K $16.27/SF
− OpEx
−$6.3K −$4.88/SF
NOI
$14.7K $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 Rate 5%
$294,280
Cap Rate 7%
$210,200
Cap Rate 9%
$163,489
Alternative Uses
Best Use
Multifamily LT 5
$210.2K
$183.9K – $245.2K
NOI $14,714 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$188.5K
$165.0K – $220.0K
NOI $13,198 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$340.9K
$298.3K – $397.7K
NOI $23,861 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Albany, NY
Properties on Market for Duplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied one-bedroom apartments offer recent interior improvements and access to a fenced garden area.
Where is this duplex located?
The property is located at 116 Jefferson Street Albany, NY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two one‑bedroom apartments, each with a full bathroom and kitchen; 1,292 square feet in a brick building constructed in 1872; Recent kitchen update, fresh paint in units and entryway, and new furnace
