Two-Family Home with Original
For Sale
$314,900
Pending
264 Manning Blvd, Albany, NY 12206
Corner-lot duplex with separate utilities, one occupied unit, and a second apartment available for owner occupancy or leasing.
Property Size2,756 SF
Days on Market50
Property Features for 264 Manning Blvd
General Information
Standard status
Pending
Size
2,756 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Julie & Co Realty LLC
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 30 at 2:34PM
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 Julie & Co Realty LLC
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Investment Insights
Based on property information with market context.
This 2,756-square-foot duplex, built in 1920, contains two three-bedroom apartments, each with one full bathroom and an updated kitchen. Original woodwork and coffered ceilings add period character, while separate utilities support independent operation of the units.
The first-floor apartment is occupied by a tenant, and the second-floor unit will be vacant at closing. Exterior features include a fenced front yard, covered front porch, and backyard. The property is located at 264 Manning Blvd in Albany, New York, on a corner lot.
The first-floor apartment is occupied by a tenant, and the second-floor unit will be vacant at closing. Exterior features include a fenced front yard, covered front porch, and backyard. The property is located at 264 Manning Blvd in Albany, New York, on a corner lot.
Key Highlights
- 2,756‑square‑foot duplex built in 1920
- Two three‑bedroom, one‑bathroom units
- Separate utilities for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,152
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
$563.0K
Cap Rate 7%
$402,171
$402.2K
Cap Rate 9%
$312,800
$312.8K
Market Conditions
NOI Build-Up for 2,756 SF
Gross rent
$54.6K $19.80/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$51.2K $18.57/SF
− OpEx
−$23.0K −$8.36/SF
NOI
$28.2K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
Cap Rate 7%
$402,171
Cap Rate 9%
$312,800
Alternative Uses
Best Use
Multifamily LT 5
$448.4K
$392.3K – $523.1K
NOI $31,386 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$402.2K
$351.9K – $469.2K
NOI $28,152 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$727.1K
$636.2K – $848.3K
NOI $50,898 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
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Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with separate utilities, one occupied unit, and a second apartment available for owner occupancy or leasing.
Where is this duplex located?
The property is located at 264 Manning Blvd 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: 2,756‑square‑foot duplex built in 1920; Two three‑bedroom, one‑bathroom units; Separate utilities for each apartment
