Two-Family Residential Income
15 Zoar Avenue Albany, NY 12209
15 Zoar Avenue, Albany, NY, 12209
$309,000
For Sale
$309,000
Well-maintained two-family home with a new front porch and a refreshed second floor.
Property Size2,208 SF
Price / SF$139.95
Days on Market11
Property Features for 15 Zoar Avenue
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1907
Listing agency
518 Realty.Com Inc
Listed by
Tammy Sbardella
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jul 11 Updated: Jul 21 at 3:20AM Checked: Jul 21 at 3:20AM
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 518 Realty.Com Inc
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers a practical residential income setup with recent exterior and interior updates. The property includes a brand-new front porch, and the second floor has been completely refreshed with new walls and fresh paint.
Set in a desirable neighborhood, the home is close to schools, shopping, and restaurants, supporting everyday convenience for future tenants or owner-occupants.
The layout is described as unique, providing flexibility for buyers who want to tailor the space to their needs. Whether seeking to live in one unit while generating income or adding a rental property to a portfolio, this duplex presents a turn-key foundation with visible improvements already completed.
Set in a desirable neighborhood, the home is close to schools, shopping, and restaurants, supporting everyday convenience for future tenants or owner-occupants.
The layout is described as unique, providing flexibility for buyers who want to tailor the space to their needs. Whether seeking to live in one unit while generating income or adding a rental property to a portfolio, this duplex presents a turn-key foundation with visible improvements already completed.
Key Highlights
- Two‑family home built in 1907 in a well‑maintained condition
- New front porch installed as part of recent updates
- Second floor refreshed with new walls and fresh paint
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 | $38.4k | $17.40 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $35.9k | $16.27 |
| − OpEx | −$10.8k | −$4.88 |
| NOI | $25.1k | $11.39 |
2,208 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$359.2K
$314.3K – $419.1K
NOI $25,145 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$582.5K
$509.7K – $679.6K
NOI $40,777 @ 7.0% cap · market cap 13.20%
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 - Well-maintained two-family home with a new front porch and a refreshed second floor.
Where is this duplex located?
The property is located at 15 Zoar Avenue Albany, NY.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Two‑family home built in 1907 in a well‑maintained condition; New front porch installed as part of recent updates; Second floor refreshed with new walls and fresh paint
