Two-Family Residential Income
14 West Erie Street Albany, NY 12208
14 West Erie Street, Albany, NY, 12208
$550,000
For Sale
$550,000
Two-family property with garage parking and shared driveway access, currently tenant-occupied.
Property Size2,454 SF
Price / SF$224.12
Days on Market75
Property Features for 14 West Erie Street
General Information
- Standard status
- Active
- Size
- 2,454 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
GROUP TWENTY SIX NY LLC
(516) 512-1437
Listed by
Linda Chiou · License #10401369361
(516) 512-1437
Source
Compass
Added: May 9 Updated: Jul 20 at 10:07PM Checked: Jul 21 at 6:29AM
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 GROUP TWENTY SIX NY LLC
Investment Insights
Based on property information with market context.
This two-family residential income property offers approximately 2,454 sq. ft. of above-grade living space per public record. The configuration includes garage parking and shared driveway access. The property is currently tenant-occupied, and lease information is available upon request.
Buyer to verify all information including taxes, square footage, leases, and condition. The property is located at 14 West Erie Street, Albany, NY 12208.
Buyer to verify all information including taxes, square footage, leases, and condition. The property is located at 14 West Erie Street, Albany, NY 12208.
Key Highlights
- Two‑family residential property in Albany with approximately 2,454 sq ft of above‑grade living space per public record
- Garage parking and shared driveway access
- Currently tenant‑occupied; lease information available upon request
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 | $42.7k | $17.40 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $39.9k | $16.27 |
| − OpEx | −$12.0k | −$4.88 |
| NOI | $27.9k | $11.39 |
2,454 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.8K
NOI $27,947 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$358.1K
$313.3K – $417.8K
NOI $25,067 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$647.4K
$566.5K – $755.3K
NOI $45,320 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property with garage parking and shared driveway access, currently tenant-occupied.
Where is this duplex located?
The property is located at 14 West Erie Street Albany, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family residential property in Albany with approximately 2,454 sq ft of above‑grade living space per public record; Garage parking and shared driveway access; Currently tenant‑occupied; lease information available upon request
