Two-Unit
New
For Sale
$320,000
171 N Allen Street, Albany, NY 12206
Both residences are occupied, with leases in place through May 2027.
Property Size2,496 SF
Price / SF$128.21
Days on Market7
Property Features for 171 N Allen Street
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Gross Income
$36,600
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
Miuccio Real Estate Group
Listed By:
Nate Monson · License #10301219789
(518) 330-2814
Source:
Signatureonerealtygroup
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 8:35PM
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 Miuccio Real Estate Group
Investment Insights
Based on property information with market context.
This two-unit duplex at 171 N Allen Street in Albany contains 2,496 square feet of living area. Built in 1930, the property is fully occupied, with existing tenants in both residences. The leases run through May 2027, providing a defined schedule for the current tenancy.
The property offers a two-residence configuration in Albany, New York. Its established occupancy and lease terms are the key operating details provided for the building.
The property offers a two-residence configuration in Albany, New York. Its established occupancy and lease terms are the key operating details provided for the building.
Key Highlights
- Two residential units
- 2,496 square feet of living space
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,425
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,500
$568.5K
Cap Rate 7%
$406,071
$406.1K
Cap Rate 9%
$315,833
$315.8K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$43.4K $17.40/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$40.6K $16.27/SF
− OpEx
−$12.2K −$4.88/SF
NOI
$28.4K $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%
$568,500
Cap Rate 7%
$406,071
Cap Rate 9%
$315,833
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.8K
NOI $28,425 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,496 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$658.5K
$576.2K – $768.3K
NOI $46,096 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with leases in place through May 2027.
Where is this duplex located?
The property is located at 171 N Allen Street Albany, NY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two residential units; 2,496 square feet of living space; Built in 1930
