Duplex with Separate
268 Manning Boulevard, Albany, NY 12206
For Sale
$349,900
Both apartments are occupied, and each has independent utility service.
Property Size2,464 SF
Price / SF$142
Days on Market11
Property Features for 268 Manning Boulevard
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Amenities
new front porch
fenced backyard
basement with laundry and a half bath
Building Details
Year Built
Listing Agency:
Big Blue Realty Group Inc
Listed By:
Rob S Grundman · License NY #10311200262
(518) 210-7576
Source:
Signatureonerealtygroup
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 10 at 7:29AM
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 Big Blue Realty Group Inc
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Investment Insights
Based on property information with market context.
Built in 1930, this 2,464-square-foot duplex contains two four-bedroom apartments. Each unit has its own utilities and a renovated bathroom. The property also includes a basement with laundry facilities and a half bath, along with a fenced backyard and a recently added front porch.
The building is in Albany, with access to Washington Avenue and public transit. Both apartments are currently rented.
The building is in Albany, with access to Washington Avenue and public transit. Both apartments are currently rented.
Key Highlights
- Two four‑bedroom apartments; both are rented
- 2,464 square feet; built in 1930
- Separate utility service for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,061
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,220
$561.2K
Cap Rate 7%
$400,871
$400.9K
Cap Rate 9%
$311,789
$311.8K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$42.9K $17.40/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$40.1K $16.27/SF
− OpEx
−$12.0K −$4.88/SF
NOI
$28.1K $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%
$561,220
Cap Rate 7%
$400,871
Cap Rate 9%
$311,789
Alternative Uses
Best Use
Multifamily LT 5
$400.9K
$350.8K – $467.7K
NOI $28,061 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$359.6K
$314.6K – $419.5K
NOI $25,169 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$650.1K
$568.8K – $758.4K
NOI $45,505 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Explore this area
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
$162,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Albany, NY
Properties on Market for Duplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied, and each has independent utility service.
Where is this duplex located?
The property is located at 268 Manning Boulevard Albany, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two four‑bedroom apartments; both are rented; 2,464 square feet; built in 1930; Separate utility service for each apartment
