Two-Unit Duplex
For Sale
$279,995
Pending
260 Delaware Ave, Albany, NY 12202
Two-story residential income property with separate one- and two-bedroom living spaces.
Property Size1,680 SF
Days on Market758
Property Features for 260 Delaware Ave
General Information
Standard status
Pending
Size
1,680 SF
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,271
Building Details
Stories
2
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Philip Sabatino · License #10401299525
(518) 376-2717
Source:
Exprealty
Added: Sep 20, 2024
Changed: Oct 10
Last Checked: Oct 16 at 1:58PM
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 Hanna Commercial
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Investment Insights
Based on property information with market context.
This two-unit duplex property contains 1,680 square feet across two residential levels. The first-floor apartment offers two bedrooms, one full bathroom, and a large kitchen. A separate second-floor apartment includes one bedroom and one full bathroom.
The property is located at 260 Delaware Ave in Albany, NY. Its two-unit configuration and distinct bedroom layouts support residential income use.
The property is located at 260 Delaware Ave in Albany, NY. Its two-unit configuration and distinct bedroom layouts support residential income use.
Key Highlights
- Two‑unit duplex configuration
- 1,680 square feet of property size
- First‑floor apartment with 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,132
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,640
$382.6K
Cap Rate 7%
$273,314
$273.3K
Cap Rate 9%
$212,578
$212.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$29.2K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.3K $16.27/SF
− OpEx
−$8.2K −$4.88/SF
NOI
$19.1K $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%
$382,640
Cap Rate 7%
$273,314
Cap Rate 9%
$212,578
Alternative Uses
Best Use
Multifamily LT 5
$273.3K
$239.2K – $318.9K
NOI $19,132 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$245.2K
$214.5K – $286.0K
NOI $17,161 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
916
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential income property with separate one- and two-bedroom living spaces.
Where is this duplex located?
The property is located at 260 Delaware Ave Albany, NY.
What is the asking price?
The asking price for this property is $279,995.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,680 square feet of property size; First‑floor apartment with 2 bedrooms and 1 full bath
