Well-Maintained Duplex in South
For Sale
$400,000
Pending
119 Sand Creek Road, Albany, NY 12205
MULTI_FAMILY - Other - Albany, NY
Property Size2,188 SF
Lot Size0.46 Acres
Days on Market102
Property Features for 119 Sand Creek Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 1, Bathroom 2, Bathroom 3
Parking
4
Parking features
Off Street, Driveway, Garage
Patio and Porch features
Patio, Deck
Interior features
Paddle Fan, High Speed Internet, Built-in Features
Exterior features
Garden
Fencing
Fenced
Fireplace
1
Basement
Full, Finished
Lot features
Landscaped, Cleared
High school
Colonie Central HS
Elementary school district
South Colonie
Middle school district
South Colonie
High school district
South Colonie
Directions
Osborne Road to a left on Sand Creek Road, # 119 Sand Creek is 2.1 miles down on the left hand side, brick duplex,
Standard status
Pending
APN
012689 53.12-4-9
Size
2,188 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Annual Amount
5356
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1949
Number of units
2
Flooring type
Carpet, Tile, Hardwood
Building materials
Brick
Roof type
Rubber, Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 427-9000
Listed By:
Rosemarie Durant · License #10401264469
(518) 368-1444
Added: May 11
Changed: Jul 24
Last Checked: Aug 20 at 12:06PM
MLS# 202616848
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 well-maintained brick duplex is located in the South Colonie School District. The property has been owned and maintained by the same family since it was built. The first-floor unit features hardwood floors, an updated kitchen with granite countertops, grey glass subway tile backsplash, re-faced cabinets, and stainless steel appliances, along with two bedrooms and a full bath. The second-floor unit offers a full kitchen, two bedrooms plus a dedicated office space. Both units include their own washer and dryer. A large finished basement provides space for entertaining or storage and includes a half bath. Both hot water heaters have been replaced within the last 1.5 years. The enclosed breezeway, complete with a sliding door and screen leading to the backyard, serves as a drop zone and connects the home to the one-car garage. Situated on a 0.46-acre lot, the property features a fully fenced, cleared and landscaped yard with landscaping that includes perennial blooms. There is an above-ground pool with a raised deck at pool level, a designated garden area at the rear of the property, and a fire pit. Separate off-street parking is available for each unit. The property offers versatility, charm, and a prime location in an award-winning school district. The property size is 2188 square feet.
Key Highlights
- Well‑maintained 1949 brick duplex with public water and public sewer
- Two units with each unit including its own kitchen and in‑unit washer/dryer
- First‑floor unit features hardwood floors and an updated kitchen with granite countertops and NEW stainless steel appliances
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
$24,918
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
6.23%
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%
$498,360
$498.4K
Cap Rate 7%
$355,971
$356.0K
Cap Rate 9%
$276,867
$276.9K
Market Conditions
NOI Build-Up for 2,188 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
$38.1K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.6K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$24.9K $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%
$498,360
Cap Rate 7%
$355,971
Cap Rate 9%
$276,867
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K
NOI $24,918 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,350 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,408 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
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 - Brick duplex in award-winning school district with modern updates.
Where is this duplex located?
The property is located at 119 Sand Creek Road Albany, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Well‑maintained 1949 brick duplex with public water and public sewer; Two units with each unit including its own kitchen and in‑unit washer/dryer; First‑floor unit features hardwood floors and an updated kitchen with granite countertops and NEW stainless steel appliances
