Updated Two-Unit
New
For Sale
$288,900
24 Dubuque Street, Rensselaer, NY 12144
MultiFamily, Rensselaer, NY
Property Size1,396 SF
Lot Size0.06 Acres
Price / SF$206.95
Days on Market2
Property Features for 24 Dubuque Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Laundry Room
Window features
ENERGY STAR Qualified WIndows
Patio and Porch features
Deck
Basement
Full, Exterior Entry, Sump Pump
Lot features
Level, Cleared
View
City
Elementary school district
Rensselaer
Middle school district
Rensselaer
High school district
Rensselaer
Directions
E on Dunn Memorial Bridge, L on Broadway, L on Partition St, R on East St, L on Wendell St, R on Lawrence St, L on Dubuque St. Property will be on the right.
Standard status
Active
APN
381400 144.61-1-8
Size
1,396 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3550
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Vinyl, Hardwood
Building materials
Aluminum Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 427-9000
Listed By:
Brianna Huynh · License #10401360887
(518) 925-3431
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 12:06PM
MLS# 202625507
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.
This 1,396-square-foot duplex contains two updated residences, with separate utilities and improvements to plumbing, electrical systems, insulation, and soundproofing between floors. The first-floor unit is occupied under a new 12-month lease, while the renovated second-floor unit is vacant and ready for occupancy. Hardwood and vinyl flooring, forced-air natural gas heating, and public water and sewer serve the property.
Built in 1925 on a 0.06-acre corner lot, the home offers views toward the Albany skyline and convenient street parking along the wider road. The shingle and asphalt roof is less than 10 years old, the chimney has been rebuilt and repointed, and both porches feature upgraded weather-resistant materials. A deck, aluminum siding, and updated interior finishes round out the property’s improvements.
Built in 1925 on a 0.06-acre corner lot, the home offers views toward the Albany skyline and convenient street parking along the wider road. The shingle and asphalt roof is less than 10 years old, the chimney has been rebuilt and repointed, and both porches feature upgraded weather-resistant materials. A deck, aluminum siding, and updated interior finishes round out the property’s improvements.
Key Highlights
- Two‑unit duplex with 1,396 square feet of living area
- Separate utilities for both residences
- First‑floor unit occupied under a new 12‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,284
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,680
$365.7K
Cap Rate 7%
$261,200
$261.2K
Cap Rate 9%
$203,156
$203.2K
Market Conditions
NOI Build-Up for 1,396 SF
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.
Gross rent
$27.6K $19.80/SF
− Vacancy
−$1.5K −$1.09/SF
EGI
$26.1K $18.71/SF
− OpEx
−$7.8K −$5.61/SF
NOI
$18.3K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,680
Cap Rate 7%
$261,200
Cap Rate 9%
$203,156
Alternative Uses
Best Use
Multifamily LT 5
$261.2K
$228.6K – $304.7K
NOI $18,284 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$242.1K
$211.8K – $282.4K
NOI $16,945 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$349.0K
$305.4K – $407.1K
NOI $24,428 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 12144, NY
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with separate utilities, one leased residence, and a second unit ready for occupancy.
Where is this duplex located?
The property is located at 24 Dubuque Street Rensselaer, NY.
What is the asking price?
The asking price for this property is $288,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,396 square feet of living area; Separate utilities for both residences; First‑floor unit occupied under a new 12‑month lease
