Two-Unit Duplex with
New
For Sale
$207,000
16 Mapleridge Avenue, Albany, NY 12209
Two apartments share a laundry area, with garage storage and substantial off-street parking.
Property Size1,476 SF
Price / SF$140.24
Days on Market5
Property Features for 16 Mapleridge Avenue
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
shared laundry area
garage
Building Details
Year Built
1935
Tenancy
Single
Listing Agency:
KW Platform
Listed By:
Christina Hennessy · License #40HE1102041
(518) 257-0233
Source:
Signatureonerealtygroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:04PM
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 KW Platform
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Investment Insights
Based on property information with market context.
This 1935 duplex contains two apartments totaling 1,476 square feet. The units share a laundry area, and the property includes a two-car garage with additional storage. A paved driveway, installed approximately four years ago, provides parking for up to eight vehicles. The first-floor apartment is occupied; the second-floor apartment is vacant. It was previously rented for $1,100 per month, a figure omitted from marketing copy under pricing policy.
The property is at 16 Mapleridge Avenue in Albany, with highway access and grocery stores, restaurants, schools, and shopping nearby. Downtown Albany and Delmar are minutes away, and a neighborhood park is up the street.
The property is at 16 Mapleridge Avenue in Albany, with highway access and grocery stores, restaurants, schools, and shopping nearby. Downtown Albany and Delmar are minutes away, and a neighborhood park is up the street.
Key Highlights
- Two apartments in a 1,476‑square‑foot duplex
- 1935 construction
- Two‑car garage with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,809
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,180
$336.2K
Cap Rate 7%
$240,129
$240.1K
Cap Rate 9%
$186,767
$186.8K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$25.7K $17.40/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$24.0K $16.27/SF
− OpEx
−$7.2K −$4.88/SF
NOI
$16.8K $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%
$336,180
Cap Rate 7%
$240,129
Cap Rate 9%
$186,767
Alternative Uses
Best Use
Multifamily LT 5
$240.1K
$210.1K – $280.2K
NOI $16,809 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$215.4K
$188.5K – $251.3K
NOI $15,077 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$389.4K
$340.7K – $454.3K
NOI $27,259 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments share a laundry area, with garage storage and substantial off-street parking.
Where is this duplex located?
The property is located at 16 Mapleridge Avenue Albany, NY.
What is the asking price?
The asking price for this property is $207,000.
What are key features of this property?
This property features: Two apartments in a 1,476‑square‑foot duplex; 1935 construction; Two‑car garage with additional storage
