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    Albany Brick Duplex Investment Opportunity Title is generated by Realmo AI

    13 Fay Street, Albany, NY 12203

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    Claim this Listing
    Pending
    $369,000

    MULTI_FAMILY - Other - Albany, NY

    Property size:
    2,050 SF
    Lot size:
    0.26 Acres
    Added:
    May 19, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 4 at 4:06 pm

    Property Features for 13 Fay Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2
    Parking
    6
    Parking features
    Garage, Driveway
    Window features
    Bay Window(s), Blinds
    Interior features
    Solid Surface Counters
    Fireplace
    1
    Basement
    Full, Exterior Entry, Interior Entry
    Standard status
    Pending
    APN
    010100 64.45-1-46 01
    Size
    2,050 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7736

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard, Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1970
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Brick, Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Contact an agent
    Dominick Ieraci

    Listing agent Dominick Ieraci License #30IE0802009

    Listing office KW Platform 935 New Loudon Rd, Latham, NY

    Listing date May 19, 2026

    MLS# 202617536 Listing URL

    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.

    HighLights

    • Brick up‑and‑down duplex built in 1970 with a separate electric and gas meter for each unit
    • Each unit offers 2 bedrooms and 1 bathroom with hardwood floors and large picture windows for natural light
    • First‑floor unit is currently occupied; second‑floor unit is vacant and ready for immediate occupancy or rental income
    • Two separate laundry setups: first floor includes interior basement access with laundry area; second floor has washer/dryer hookups
    • Detached 2‑car garage plus ample parking; driveway included
    • Utilities include cable available; public water and public sewer; asphalt roof; heating includes baseboard and natural gas

    Overview

    This well-maintained brick duplex, suitable for investors and owner-occupants, is located in a prime location and features two spacious units. Each unit includes two bedrooms, one bathroom, a large living room, and a dining area. The property has separate electric and gas meters for each unit. The first-floor unit is currently occupied, while the second-floor unit is vacant and ready for immediate occupancy or rental income. The first-floor unit features a decorative faux fireplace in the living room. Both units offer hardwood floors, large picture windows providing natural light, and open kitchen layouts with adjoining dining areas. Each unit has its own laundry setup; the first-floor unit includes interior basement access with a laundry area, while the second-floor unit offers washer/dryer hookups. Situated on an oversized 0.26-acre lot for a duplex, the property provides ample parking plus a detached 2-car garage. The property is located in a desirable rental area with close proximity to SUNY Albany, shopping, restaurants, and major conveniences. The property size is 2050 square feet. The property also benefits from waste pick up in Albany city, presenting an excellent opportunity for investment or owner occupancy.

    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 $35.7k $17.40
    − Vacancy −$2.3k −$1.13
    EGI $33.4k $16.27
    − OpEx −$10.0k −$4.88
    NOI $23.3k $11.39
    2,050 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $333.5K
    $291.8K – $389.1K (±1% cap)
    NOI $23,346 @ 7.0% cap · market cap 6.33%
    Second Best
    Apartment 5plus
    $299.1K
    $261.8K – $349.0K (±1% cap)
    NOI $20,940 @ 7.0% cap · market cap 5.67%
    Theoretical Best
    Office A
    $540.8K
    $473.2K – $631.0K (±1% cap)
    NOI $37,859 @ 7.0% cap · market cap 10.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Spa & Massage Center Nail Salon Hair Salon Building Supply Accounting Firm Big Box & Wholesale Store Bar & Pub Grocery & Convenience Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.82527
    Latitude
    42.668445

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near SUNY Albany, ideal for investors.
    Where is this duplex located?
    The property is located at 13 Fay Street Albany, NY.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: Brick up‑and‑down duplex built in 1970 with a separate electric and gas meter for each unit; Each unit offers 2 bedrooms and 1 bathroom with hardwood floors and large picture windows for natural light; First‑floor unit is currently occupied; second‑floor unit is vacant and ready for immediate occupancy or rental income
    More about this property
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