Updated Brick
132 4th Avenue Albany, NY 12202
New
132 4th Avenue, Albany, NY, 12202
$224,900
For Sale
$224,900
MULTI_FAMILY - Other - Albany, NY
Property Size1,540 SF
Lot Size0.03 Acres
Price / SF$146.04
Days on Market1
Property Features for 132 4th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 4, Bedroom 2, Bedroom 3
- Interior features
- High Speed Internet, Built-in Features, Ceramic Tile Bath
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 010100 76.64-3-10
- Size
- 1,540 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3369
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating), Forced Air
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1892
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agency
Clancy Real Estate
(518) 861-7016
Listed by
Kevin Clancy · License #37CL1081409
(518) 461-9937
Added: Jul 22 Checked: Jul 22 at 5:06PM
MLS# 202622352
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.
132 4th Avenue is a fully updated brick two-family in Albany, NY, offering two spacious units with four bedrooms each. Both apartments feature updated kitchens and bathrooms, modern finishes throughout, and ductless mini splits for heating and cooling. With 8 total bedrooms across the property, the layout supports comfortable living in each unit.
The first-floor unit is currently rented. The second-floor unit is vacant, providing flexibility for immediate occupancy or rental use. The home’s exterior is brick, and the interior updates are already in place, positioning the property for straightforward income or owner-occupant use.
The first-floor unit is currently rented. The second-floor unit is vacant, providing flexibility for immediate occupancy or rental use. The home’s exterior is brick, and the interior updates are already in place, positioning the property for straightforward income or owner-occupant use.
Key Highlights
- Fully updated brick two‑family built in 1892 with a total of 8 bedrooms across both units
- First‑floor unit is currently rented at $1,880 per month
- Second‑floor unit is vacant and ready for immediate occupancy or estimated market rent of approx. $1,880 per month
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 | $26.8k | $17.40 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $25.1k | $16.27 |
| − OpEx | −$7.5k | −$4.88 |
| NOI | $17.5k | $11.39 |
1,540 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.5K
$219.2K – $292.3K
NOI $17,538 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,731 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$406.3K
$355.5K – $474.0K
NOI $28,441 @ 7.0% cap · market cap 12.65%
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 - Fully updated two-unit brick residence with ductless mini splits and four bedrooms per unit.
Where is this duplex located?
The property is located at 132 4th Avenue Albany, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Fully updated brick two‑family built in 1892 with a total of 8 bedrooms across both units; First‑floor unit is currently rented at $1,880 per month; Second‑floor unit is vacant and ready for immediate occupancy or estimated market rent of approx. $1,880 per month
