Two-Unit Duplex with
For Sale
$314,900
Pending
264 Manning Boulevard, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,756 SF
Lot Size0.09 Acres
Days on Market52
Property Features for 264 Manning Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Patio and Porch features
Porch
Interior features
High Speed Internet, Built-in Features, Ceramic Tile Bath
Basement
Full
Lot features
Corner Lot
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Washington Avenue to Manning Boulevard. Property is located at the corner of Manning Boulevard and McKinley Street.
Standard status
Pending
APN
010100 64.35-4-26
Size
2,756 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6122
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
fenced-in front yard
front porch
backyard
Building Details
Year built
1920
Number of units
2
Flooring type
Tile, Hardwood, Wood
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Clancy Real Estate
(518) 861-7016
Listed By:
Kevin Clancy · License #37CL1081409
(518) 461-9937
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 30 at 2:06PM
MLS# 202625736
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.
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Investment Insights
Based on property information with market context.
This 2,756-square-foot duplex contains two residences, each arranged with three bedrooms, one full bathroom, and an updated kitchen. Original woodwork and coffered ceilings add interior detail, and the property includes a front porch, fenced front yard, and backyard. Built in 1920, the home sits on a 0.09-acre corner lot.
The first-floor residence is tenant-occupied and has separate utilities. The second-floor residence will be delivered vacant. Both units have the same bedroom and bathroom count, with an updated kitchen in each.
The first-floor residence is tenant-occupied and has separate utilities. The second-floor residence will be delivered vacant. Both units have the same bedroom and bathroom count, with an updated kitchen in each.
Key Highlights
- 2,756‑square‑foot duplex on a 0.09‑acre corner lot
- Two residences, each with 3 bedrooms and 1 full bathroom
- Updated kitchen in each residence
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.
How Realmo checks its estimates
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Lease Details
2
Residential units
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 - One residence is occupied with separate utilities, while the other is slated for vacant delivery.
Where is this duplex located?
The property is located at 264 Manning Boulevard 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 on a 0.09‑acre corner lot; Two residences, each with 3 bedrooms and 1 full bathroom; Updated kitchen in each residence
