Duplex with Updated
15 Zoar Avenue, Albany, NY 12209
For Sale
New
$269,900
Residential Income, Albany, NY
Property Size2,208 SF
Lot Size0.05 Acres
Price / SF$122.24
Days on Market4
Property Features for 15 Zoar Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Fencing
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
covered front porch
enclosed rear porches
fenced backyard
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Penelope Crosby · License NY #31288
(518) 348-2060
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# 12060532
Copyright © 2026 My State MLS. 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 2,208-square-foot duplex contains two apartments: a two-bedroom unit on the first floor and a three-bedroom unit above. Each has a full bathroom, and both kitchens have been updated. The upper apartment also features stone countertops and upgraded cabinetry. Interior work includes vinyl plank flooring, lighting, sheetrock and paint. Separate heating systems and utilities serve the units, and the property is scheduled to be vacant at closing.
The 0.05-acre property at 15 Zoar Avenue is on a dead-end street in Albany, just off Delaware Avenue. Shopping, restaurants, schools, public transportation and major highways are accessible from the area. Exterior features include a covered front porch, enclosed rear porches, a fenced backyard and vinyl siding.
The 0.05-acre property at 15 Zoar Avenue is on a dead-end street in Albany, just off Delaware Avenue. Shopping, restaurants, schools, public transportation and major highways are accessible from the area. Exterior features include a covered front porch, enclosed rear porches, a fenced backyard and vinyl siding.
Key Highlights
- Two apartments: 2 bedrooms on the first floor and 3 bedrooms upstairs
- 2,208 square feet on a 0.05‑acre lot
- Separate heating systems and utilities for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,554
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,080
$451.1K
Cap Rate 7%
$322,200
$322.2K
Cap Rate 9%
$250,600
$250.6K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$43.7K $19.80/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$41.0K $18.57/SF
− OpEx
−$18.5K −$8.36/SF
NOI
$22.6K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,080
Cap Rate 7%
$322,200
Cap Rate 9%
$250,600
Alternative Uses
Best Use
Multifamily LT 5
$359.2K
$314.3K – $419.1K
NOI $25,145 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$582.5K
$509.7K – $679.6K
NOI $40,777 @ 7.0% cap · market cap 15.11%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Albany, NY
Properties on Market for Duplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate heating systems and utilities serve the two residential units.
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 $269,900.
What are key features of this property?
This property features: Two apartments: 2 bedrooms on the first floor and 3 bedrooms upstairs; 2,208 square feet on a 0.05‑acre lot; Separate heating systems and utilities for the two units
