Six-Bedroom
For Sale
$385,000
Pending
149 Homestead Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,668 SF
Lot Size0.12 Acres
Days on Market152
Property Features for 149 Homestead Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4
Parking
2
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Interior features
Paddle Fan, Built-in Features, Ceramic Tile Bath
Basement
Full
Lot features
Level
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Homestead Avenue between Washington and Western
Standard status
Pending
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
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1929
Number of units
2
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Asbestos Shingle
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Ramiz Turan · License #10401211104
(518) 698-2818
Added: Jun 1
Changed: Oct 27
Last Checked: Oct 30 at 2:06PM
MLS# 202618553
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.
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Investment Insights
Based on property information with market context.
This two-family property contains 2,668 square feet arranged as two residential units, each with 3 bedrooms and 1 full bathroom. The home was built in 1929 and includes hardwood flooring, ceramic tile baths, built-in features, paddle fans, vinyl siding, and a porch. Heating is provided by natural gas baseboard systems. A new roof was installed in 2026.
Set on a 0.12-acre lot, the property includes driveway and off-street parking. Public water and public sewer serve the home. Its Albany setting places the property near colleges, hospitals, shopping, restaurants, bus lines, and major highways.
Set on a 0.12-acre lot, the property includes driveway and off-street parking. Public water and public sewer serve the home. Its Albany setting places the property near colleges, hospitals, shopping, restaurants, bus lines, and major highways.
Key Highlights
- Two‑family layout with 6 total bedrooms and 2 full bathrooms
- Each unit includes 3 bedrooms and 1 full bathroom
- 2,668 square feet on a 0.12‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,384
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,680
$607.7K
Cap Rate 7%
$434,057
$434.1K
Cap Rate 9%
$337,600
$337.6K
Market Conditions
NOI Build-Up for 2,668 SF
Gross rent
$46.4K $17.40/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$43.4K $16.27/SF
− OpEx
−$13.0K −$4.88/SF
NOI
$30.4K $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%
$607,680
Cap Rate 7%
$434,057
Cap Rate 9%
$337,600
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer owner-occupant flexibility with off-street parking and convenient access to Albany amenities.
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: Two‑family layout with 6 total bedrooms and 2 full bathrooms; Each unit includes 3 bedrooms and 1 full bathroom; 2,668 square feet on a 0.12‑acre lot
