Duplex with
New
For Sale
$207,000
16 Mapleridge Avenue, Albany, NY 12209
MultiFamily, Albany, NY
Property Size1,476 SF
Lot Size0.08 Acres
Price / SF$140.24
Days on Market1
Property Features for 16 Mapleridge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Laundry Room
Parking
8
Parking features
Garage, Driveway
Interior features
Walk-In Closet(s)
Lot features
Level, Cleared
Elementary school
New Scotland Elementary
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
off Delaware Ave near Nicole's Restaurant
Standard status
Active
APN
010100 75.67-2-59
Size
1,476 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4121
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
shared laundry area
Building Details
Year built
1935
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Shingle Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Christina Hennessy · License #40HE1102041
(518) 257-0233
Added: Oct 17
Last Checked: Oct 17 at 11:06PM
MLS# 202628477
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.
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Investment Insights
Based on property information with market context.
This 1,476-square-foot duplex, built in 1935, contains two apartments and a shared laundry area. The property also has a two-car garage with additional storage and a paved driveway that accommodates up to 8 vehicles; the driveway is approximately 4 years old. Interior features include walk-in closet(s), carpet and laminate flooring, and hot water heating fueled by natural gas. Public water and sewer serve the property, and cable is available.
Located at 16 Mapleridge Avenue in Albany, the property is in an area with single-family and multifamily homes. Highway access, grocery stores, restaurants, schools, shopping, and a neighborhood park are nearby. Downtown Albany and Delmar are also described as minutes away.
The first-floor apartment is occupied, while the second-floor apartment is vacant. The lot measures 0.08 acres.
Located at 16 Mapleridge Avenue in Albany, the property is in an area with single-family and multifamily homes. Highway access, grocery stores, restaurants, schools, shopping, and a neighborhood park are nearby. Downtown Albany and Delmar are also described as minutes away.
The first-floor apartment is occupied, while the second-floor apartment is vacant. The lot measures 0.08 acres.
Key Highlights
- Two apartments in a 1,476‑square‑foot duplex
- First‑floor apartment occupied; second‑floor apartment vacant
- 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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Property Analytics
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Current Use
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
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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 off-street parking on site.
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; First‑floor apartment occupied; second‑floor apartment vacant; Two‑car garage with additional storage
