Converted Two-Family Investment
212 Ontario Street Albany, NY 12203
For Sale
$314,900
MULTI_FAMILY - Other - Albany, NY
Property Size2,042 SF
Lot Size0.24 Acres
Price / SF$154.21
Days on Market16
Property Features for 212 Ontario Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi Residence
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2
- Parking
- 5
- Parking features
- Driveway
- Window features
- Insulated Windows
- Interior features
- High Speed Internet
- Fireplace
- 1
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 010100 65.61-5-73
- Size
- 2,042 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6826
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Aluminum Siding, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
The Property Shop
(518) 396-5850
Listed By:
Christopher W White · License #10401371997
(518) 253-8795
Added: Jul 10
Changed: Jul 24
Last Checked: Jul 25 at 7:06AM
MLS# 202621498
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.
Investment Insights
Based on property information with market context.
Recently converted two-family home configured with a 2-bedroom first-floor unit and a 3-bedroom second-floor unit. Recent improvements include newer appliances, a renovated first-floor bathroom, updated plumbing throughout, and polished hardwood floors.
The property is located at 212 Ontario Street in Albany, NY 12203, within a convenient area near shopping, dining, schools, public transportation, and major highways.
The building is fully leased, providing immediate rental income at the time of sale.
The property is located at 212 Ontario Street in Albany, NY 12203, within a convenient area near shopping, dining, schools, public transportation, and major highways.
The building is fully leased, providing immediate rental income at the time of sale.
Key Highlights
- Recently converted two‑family home with a 2‑bedroom first‑floor unit and a 3‑bedroom second‑floor unit
- Recently updated with newer appliances and updated plumbing throughout
- Renovated first‑floor bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $17.40 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $33.2k | $16.27 |
| − OpEx | −$10.0k | −$4.88 |
| NOI | $23.3k | $11.39 |
2,042 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.2K
$290.7K – $387.6K
NOI $23,255 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$298.0K
$260.7K – $347.7K
NOI $20,859 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$538.7K
$471.4K – $628.5K
NOI $37,712 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Recently converted two-family home with a 2-bedroom first-floor unit and 3-bedroom second-floor unit, fully leased.
Where is this duplex located?
The property is located at 212 Ontario Street Albany, NY.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Recently converted two‑family home with a 2‑bedroom first‑floor unit and a 3‑bedroom second‑floor unit; Recently updated with newer appliances and updated plumbing throughout; Renovated first‑floor bathroom
