Two-Unit Duplex with Two-Level
For Sale
$279,995
Pending
260 Delaware Avenue, Albany, NY 12209
Commercial Sale, Albany, NY
Property Size1,680 SF
Lot Size0.61 Acres
Days on Market747
Property Features for 260 Delaware Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Multi Residence
Parking
6
Directions
Delaware Ave Albany at Magnolia Terrace.
Standard status
Pending
APN
010100 76.54-4-13
Size
1,680 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Annual Amount
4272
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1867
Floors in Building
2
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Philip Sabatino · License #10401299525
(518) 376-2717
Added: Sep 20, 2024
Changed: Sep 12
Last Checked: Oct 6 at 2:06AM
MLS# 202425919
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 1,680-square-foot duplex, built in 1867, provides two residential units within a wood-sided structure. The first-floor residence includes two bedrooms, one full bathroom, and a large kitchen. A separate second-floor unit offers one bedroom and one full bathroom. The property occupies 0.61 acres and includes an asphalt roof, baseboard heating, public water, and public sewer.
Located at 260 Delaware Avenue in Albany, the property is identified within the 12209 postal area. Multi Residence zoning supports its duplex classification and residential configuration.
Located at 260 Delaware Avenue in Albany, the property is identified within the 12209 postal area. Multi Residence zoning supports its duplex classification and residential configuration.
Key Highlights
- Two‑unit duplex with 1,680 square feet of property size
- First‑floor unit includes 2 bedrooms, 1 full bath, and a large kitchen
- Second‑floor unit includes 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,132
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,640
$382.6K
Cap Rate 7%
$273,314
$273.3K
Cap Rate 9%
$212,578
$212.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$29.2K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.3K $16.27/SF
− OpEx
−$8.2K −$4.88/SF
NOI
$19.1K $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%
$382,640
Cap Rate 7%
$273,314
Cap Rate 9%
$212,578
Alternative Uses
Best Use
Multifamily LT 5
$273.3K
$239.2K – $318.9K
NOI $19,132 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$245.2K
$214.5K – $286.0K
NOI $17,161 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
916
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 - Multi Residence zoning with two residential units arranged across two floors.
Where is this duplex located?
The property is located at 260 Delaware Avenue Albany, NY.
What is the asking price?
The asking price for this property is $279,995.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet of property size; First‑floor unit includes 2 bedrooms, 1 full bath, and a large kitchen; Second‑floor unit includes 1 bedroom and 1 full bath
