Two-Unit Duplex with Vacant
For Sale
$259,900
19 Stanwix Street, Albany, NY 12209
Separate living spaces include one occupied unit and one available for immediate use.
Property Size1,936 SF
Price / SF$134.25
Days on Market121
Property Features for 19 Stanwix Street
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Building Details
Year Built
1907
Tenancy
Single
Listing Agency:
KW Platform
Listed By:
Kyle R DeMeo
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 7
Changed: Oct 4
Last Checked: Oct 4 at 9:56AM
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
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,936 square feet and was built in 1907. Each apartment offers four bedrooms, creating a substantial residential layout with distinct living spaces. The first-floor residence is occupied by a long-term tenant participating in an assistance program, while the second-floor apartment is vacant for owner occupancy or a new lease.
The property is located at 19 Stanwix Street in Albany, near downtown Albany, major highways, shopping, restaurants, schools, hospitals, and public transportation. Its two-apartment configuration provides flexibility for an owner-occupant or a buyer seeking a multifamily property with one occupied and one available unit.
The property is located at 19 Stanwix Street in Albany, near downtown Albany, major highways, shopping, restaurants, schools, hospitals, and public transportation. Its two-apartment configuration provides flexibility for an owner-occupant or a buyer seeking a multifamily property with one occupied and one available unit.
Key Highlights
- Two‑unit duplex with two 4‑bedroom apartments
- 1,936 square feet of residential space
- Built in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,048
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,960
$441.0K
Cap Rate 7%
$314,971
$315.0K
Cap Rate 9%
$244,978
$245.0K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$33.7K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$31.5K $16.27/SF
− OpEx
−$9.4K −$4.88/SF
NOI
$22.0K $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%
$440,960
Cap Rate 7%
$314,971
Cap Rate 9%
$244,978
Alternative Uses
Best Use
Multifamily LT 5
$315.0K
$275.6K – $367.5K
NOI $22,048 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$282.5K
$247.2K – $329.6K
NOI $19,776 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$510.8K
$446.9K – $595.9K
NOI $35,754 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
748
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces include one occupied unit and one available for immediate use.
Where is this duplex located?
The property is located at 19 Stanwix Street Albany, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex with two 4‑bedroom apartments; 1,936 square feet of residential space; Built in 1907
