Two-Unit Duplex with
For Sale
$207,000
Pending
16 Mapleridge Ave, Albany, NY 12209
The property combines an occupied apartment and a vacant unit with shared laundry and off-street parking.
Property Size1,476 SF
Days on Market14
Property Features for 16 Mapleridge Ave
General Information
Standard status
Pending
Size
1,476 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,121
Amenities
shared laundry area
garage
storage
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Christina Hennessy · License #40HE1102041
(518) 257-0233
Source:
Exprealty
Added: Oct 17
Changed: Oct 28
Last Checked: Oct 28 at 4:24PM
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 1,476-square-foot duplex contains two apartments and a shared laundry area. One unit is occupied, while the second is vacant. The property also includes a two-car garage with additional storage and a paved driveway approximately 4 years old, with parking for up to 8 vehicles.
Located in Albany, the property has highway access and is near grocery stores, restaurants, schools, shopping, and a neighborhood park. Downtown Albany and Delmar are minutes away, and schools are within walking distance.
Located in Albany, the property has highway access and is near grocery stores, restaurants, schools, shopping, and a neighborhood park. Downtown Albany and Delmar are minutes away, and schools are within walking distance.
Key Highlights
- Two apartments with shared laundry
- 1,476 square feet
- One unit occupied; the second is vacant
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.
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
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
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 - The property combines an occupied apartment and a vacant unit with shared laundry and off-street parking.
Where is this duplex located?
The property is located at 16 Mapleridge Ave 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 with shared laundry; 1,476 square feet; One unit occupied; the second is vacant
