Renovated
For Sale
$379,900
13 Dana Avenue, Albany, NY 12208
Two separate units each include in-unit laundry, with a flexible office or den in the smaller residence.
Property Size1,584 SF
Price / SF$239.84
Days on Market12
Property Features for 13 Dana Avenue
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR+den/1BA
Multifamily Units
2
Amenities
washer and dryer
Building Details
Year Built
1880
Listing Agency:
Schermerhorn Realty Group LLC
Listed By:
Todd T Schermerhorn · License #10491211677
(518) 470-3131
Source:
Signatureonerealtygroup
Added: Oct 3
Changed: Oct 13
Last Checked: Oct 12 at 8:38PM
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 Schermerhorn Realty Group LLC
Investment Insights
Based on property information with market context.
This duplex contains two residences totaling 1,584 square feet. One is configured with two bedrooms and one bathroom; the other has one bedroom and an office or den that can serve as an additional bedroom. Interior renovations and upgrades have been completed, and each unit includes a washer and dryer.
The property at 13 Dana Ave in Albany is a two-minute walk from Albany Med and Washington Park. It was built in 1880.
The property at 13 Dana Ave in Albany is a two-minute walk from Albany Med and Washington Park. It was built in 1880.
Key Highlights
- Two units: one with 2 bedrooms and 1 bathroom; the other with 1 bedroom and an office/den
- 1,584 square feet
- Washer and dryer included in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,039
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,780
$360.8K
Cap Rate 7%
$257,700
$257.7K
Cap Rate 9%
$200,433
$200.4K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$27.6K $17.40/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$25.8K $16.27/SF
− OpEx
−$7.7K −$4.88/SF
NOI
$18.0K $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%
$360,780
Cap Rate 7%
$257,700
Cap Rate 9%
$200,433
Alternative Uses
Best Use
Multifamily LT 5
$257.7K
$225.5K – $300.7K
NOI $18,039 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$231.1K
$202.3K – $269.7K
NOI $16,180 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$417.9K
$365.7K – $487.6K
NOI $29,253 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,899
Businesses Nearby
Explore this area
Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units each include in-unit laundry, with a flexible office or den in the smaller residence.
Where is this duplex located?
The property is located at 13 Dana Avenue Albany, NY.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two units: one with 2 bedrooms and 1 bathroom; the other with 1 bedroom and an office/den; 1,584 square feet; Washer and dryer included in both units
