Two-Family Residential Income
149 Homestead Avenue Albany, NY 12203
149 Homestead Avenue, Albany, NY, 12203
$385,000
For Sale
$385,000
MULTI_FAMILY - Albany, NY
Property Size2,668 SF
Lot Size0.12 Acres
Price / SF$144.30
Days on Market50
Property Features for 149 Homestead Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1
- Parking
- 2
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch
- Interior features
- Paddle Fan, Built-in Features, Ceramic Tile Bath
- Basement
- Full
- Standard status
- Active
- APN
- 010100 64.34-3-50
- Size
- 2,668 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6178
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1929
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Slate
Listing Agency
KW Platform
(518) 724-5800
935 New Loudon Rd, Latham, NY
Listed by
Ramiz Turan · License #10401211104
(518) 698-2818
Added: Jun 1 Checked: Jul 20 at 5:06 am
MLS# 202618553
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.
Investment Insights
Based on property information with market context.
This two-family residential property offers two separate units within a single home, configured with a total of six bedrooms and two full bathrooms. Each unit features three bedrooms and one full bathroom, providing a straightforward, repeatable layout that can support either long-term tenancy or owner occupancy with a tenant in the other unit.
Located in Albany, the property is described as being convenient to nearby colleges, hospitals, shopping, restaurants, and bus lines. It also offers access to major highways, which can be a practical consideration for tenant commuting and day-to-day errands.
For investors, the duplex configuration provides two independent living spaces under one ownership structure, which may simplify management planning compared to a single-unit purchase. For owner-occupants, the layout supports living in one unit while renting the other, aligning with a common mixed-use housing strategy. This property is offered for sale and presents a versatile option for buyers seeking a two-unit Albany home.
Located in Albany, the property is described as being convenient to nearby colleges, hospitals, shopping, restaurants, and bus lines. It also offers access to major highways, which can be a practical consideration for tenant commuting and day-to-day errands.
For investors, the duplex configuration provides two independent living spaces under one ownership structure, which may simplify management planning compared to a single-unit purchase. For owner-occupants, the layout supports living in one unit while renting the other, aligning with a common mixed-use housing strategy. This property is offered for sale and presents a versatile option for buyers seeking a two-unit Albany home.
Key Highlights
- Spacious 2‑family home with 6 bedrooms total and 2 full bathrooms (3 beds and 1 bath per unit)
- Hardwood flooring and ceramic tile bath features throughout
- Heating includes baseboard with natural gas
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 | $46.4k | $17.40 |
| − Vacancy | −$3.0k | −$1.13 |
| EGI | $43.4k | $16.27 |
| − OpEx | −$13.0k | −$4.88 |
| NOI | $30.4k | $11.39 |
2,668 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.8K – $506.4K
NOI $30,384 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$389.3K
$340.7K – $454.2K
NOI $27,253 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$703.9K
$615.9K – $821.2K
NOI $49,273 @ 7.0% cap · market cap 12.80%
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 - Spacious two-unit home with separate bedroom and bathroom layouts, suited for rental income or owner-occupancy in Albany.
Where is this duplex located?
The property is located at 149 Homestead Avenue Albany, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Spacious 2‑family home with 6 bedrooms total and 2 full bathrooms (3 beds and 1 bath per unit); Hardwood flooring and ceramic tile bath features throughout; Heating includes baseboard with natural gas
