Building Details

Year Built 1880

Listing Agency: Berkshire Hathaway Home Services Blake

Listed By: Leon Levy · License #30LE0983094 Show Phone

Source: Compass

Added: Dec 11, 2025 Changed: Oct 11 Last Checked: Oct 16 at 11:17AM

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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

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,393

Cap Rate

4.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$267,860 $267.9K

Cap Rate 7%

$191,329 $191.3K

Cap Rate 9%

$148,811 $148.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,176 SF

Gross rent

$20.5K $17.40/SF

− Vacancy

−$1.3K −$1.13/SF

EGI

$19.1K $16.27/SF

− OpEx

−$5.7K −$4.88/SF

NOI

$13.4K $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%

$267,860

Cap Rate 7%

$191,329

Cap Rate 9%

$148,811

Alternative Uses

Best Use

Multifamily LT 5

$191.3K

$167.4K – $223.2K (±1% cap)

NOI $13,393 @ 7.0% cap · market cap 4.62%

Second Best

Apartment 5plus

$171.6K

$150.2K – $200.2K (±1% cap)

NOI $12,013 @ 7.0% cap · market cap 4.14%

Theoretical Best

Office A

$310.3K

$271.5K – $362.0K (±1% cap)

NOI $21,718 @ 7.0% cap · market cap 7.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency HVAC Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

732

Businesses Nearby

Explore this area Business Placement

Demographics for 12202, NY

10,257

Population

5,434

Households

1.9

Avg Household Size

34

Median Age

33%

College-Educated

80%

High-School Grad

2.0 sq mi

ZIP Area

5,129

Density / Sq Mi

$49,684

Median Household Income

$34,656

Median Earnings

$1,012

Median Rent

$139,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

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.