Two-Unit Duplex with
New
For Sale
$399,900
21 Turner Pl, Albany, NY 12209
Five bedrooms and two full bathrooms are arranged across the property's two residences.
Property Size1,548 SF
Price / SF$258.33
Days on Market7
Property Features for 21 Turner Pl
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,395
Listing Agency:
Miranda Real Estate Group Inc
(518) 356-1701
Listed By:
Moonrani G Gumani · License #10401352209
(201) 238-4972
Source:
Exprealty
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 5:48PM
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 Miranda Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This legal two-family property in Albany contains two residences with a combined 5 bedrooms and 2 full bathrooms across 1548 square feet. A partially finished basement provides storage, with remaining space that may be completed subject to required approvals.
The property is in Albany's Whitehall neighborhood and has both a front yard and backyard.
The property is in Albany's Whitehall neighborhood and has both a front yard and backyard.
Key Highlights
- Legal two‑family property with 5 bedrooms and 2 full bathrooms across two units
- 1548 square feet
- Partially finished basement with storage and remaining space that may be completed subject to required approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,629
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,580
$352.6K
Cap Rate 7%
$251,843
$251.8K
Cap Rate 9%
$195,878
$195.9K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$26.9K $17.40/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$25.2K $16.27/SF
− OpEx
−$7.6K −$4.88/SF
NOI
$17.6K $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%
$352,580
Cap Rate 7%
$251,843
Cap Rate 9%
$195,878
Alternative Uses
Best Use
Multifamily LT 5
$251.8K
$220.4K – $293.8K
NOI $17,629 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$225.9K
$197.7K – $263.6K
NOI $15,813 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$408.4K
$357.4K – $476.5K
NOI $28,588 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,095
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 - Five bedrooms and two full bathrooms are arranged across the property's two residences.
Where is this duplex located?
The property is located at 21 Turner Pl Albany, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Legal two‑family property with 5 bedrooms and 2 full bathrooms across two units; 1548 square feet; Partially finished basement with storage and remaining space that may be completed subject to required approvals
