Two-Family Residential Income
15 Zoar Avenue Albany, NY 12209
New
15 Zoar Avenue, Albany, NY, 12209
$309,000
For Sale
$309,000
MULTI_FAMILY - Albany, NY
Property Size2,208 SF
Lot Size0.05 Acres
Price / SF$139.95
Days on Market2
Property Features for 15 Zoar Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2
- Parking
- 2
- Patio and Porch features
- Porch
- Interior features
- Ceramic Tile Bath
- Fencing
- Chain Link
- Basement
- Unfinished
- Standard status
- Active
- APN
- 010100 75.67-2-61
- Size
- 2,208 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4067
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1907
- Number of units
- 2
- Flooring type
- Vinyl, Tile - Ceramic, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
518 Realty.Com Inc
(518) 456-6518
1571 Central Ave, Albany, NY
Listed by
Tammy Sbardella · License #10401346651
(518) 330-4207
Added: Jul 15 Checked: Jul 16 at 8:06 pm
MLS# 202621819
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.
Well-maintained two-family home offering a practical setup for residential income or owner-occupancy. Recent updates include a brand-new front porch, along with a completely refreshed second floor featuring new walls and fresh paint.
Located at 15 Zoar Avenue in Albany, NY 12209, the property is described as being close to schools, shopping, and restaurants.
The home’s two-family layout provides a versatile floor plan for buyers looking to live in one unit while generating income from the other, or to reimagine the space to better suit their needs.
Located at 15 Zoar Avenue in Albany, NY 12209, the property is described as being close to schools, shopping, and restaurants.
The home’s two-family layout provides a versatile floor plan for buyers looking to live in one unit while generating income from the other, or to reimagine the space to better suit their needs.
Key Highlights
- Two‑family home built in 1907 with five bedrooms and two bathrooms
- Second floor refreshed with new walls and fresh paint
- Brand‑new front porch
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
Property Profile
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 brand-new front porch and a refreshed second floor with new walls and paint.
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 with five bedrooms and two bathrooms; Second floor refreshed with new walls and fresh paint; Brand‑new front porch
