Albany Development
13 Batcher Street Albany, NY 12202
13 Batcher Street, Albany, NY, 12202
$289,900
For Sale
$289,900
Two-family home with garages and vacant land parcels.
Property Size1,176 SF
Price / SF$246.51
Days on Market119
Property Features for 13 Batcher Street
General Information
- Standard status
- Active
- Size
- 1,176 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1880
Listing Agency
Berkshire Hathaway Home Services Blake
(518) 727-7493
Listed by
Leon Levy · License #30LE0983094
(518) 727-7493
Source
Compass
Added: Mar 20 Checked: Jul 16 at 4:34 am
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This property presents a development opportunity, featuring a two-family home accompanied by a two-car detached garage and an additional five-bay garage, along with eight vacant land parcels. The first-floor apartment within the two-family structure has been renovated, while the second floor requires rehabilitation. Both units are currently occupied by long-term tenants on a month-to-month basis. The first-floor tenant pays $750, and the second-floor tenant pays $650. The property includes ample off-street parking. Located in the South End of Albany, the property is situated amidst a revitalization project involving the construction of new two-family homes. The property size is 1176 square feet. The first floor is renovated, but the second floor needs rehab. The property offers potential for increased rental income, with HUD fair market rents projected at $1,702 per month for 2026.
Key Highlights
- Development Opportunity: Includes a 2‑family home, 2‑car detached garage, 5‑bay garage, and 8 vacant land parcels.
- High Equity Potential: Located in the middle of a $177 million Albany revitalization project with new 2‑family homes being built nearby.
- Income Potential: Two‑family home with existing tenants, offering immediate rental income.
Local 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 | $20.5k | $17.40 |
| − Vacancy | −$1.3k | −$1.13 |
| EGI | $19.1k | $16.27 |
| − OpEx | −$5.7k | −$4.88 |
| NOI | $13.4k | $11.39 |
1,176 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$191.3K
$167.4K – $223.2K
NOI $13,393 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$171.6K
$150.2K – $200.2K
NOI $12,013 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,718 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with garages and vacant land parcels.
Where is this duplex located?
The property is located at 13 Batcher Street Albany, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Development Opportunity: Includes a 2‑family home, 2‑car detached garage, 5‑bay garage, and 8 vacant land parcels.; High Equity Potential: Located in the middle of a $177 million Albany revitalization project with new 2‑family homes being built nearby.; Income Potential: Two‑family home with existing tenants, offering immediate rental income.
