Historic Two-Family
New
For Sale
$350,000
271 Brandle Road, Altamont, NY 12009
MultiFamily, Altamont, NY
Property Size2,376 SF
Lot Size0.77 Acres
Price / SF$147.31
Days on Market2
Property Features for 271 Brandle Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 5
Parking
6
Parking features
Driveway, Garage
Window features
Double Pane Windows, Wood Frames
Patio and Porch features
Deck, Porch
Interior features
Built-in Features
Fireplace
1
Basement
Interior Entry, Full, Exterior Entry
Lot features
Level, Sloped
Elementary school
Altamont
High school
Guilderland
Elementary school district
Guilderland
Middle school district
Guilderland
High school district
Guilderland
Directions
SR 146 to Brandle Rd. GPS is accurate.
Standard status
Active
APN
013001 37.19-2-25
Size
2,376 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Annual Amount
6761
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Amenities
open hearth fireplace
enclosed rear porch
Building Details
Year built
1760
Number of units
2
Flooring type
Wood, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt, Shingle
Listing Agency:
518 Realty.Com Inc
(518) 456-6518
Listed By:
Tracy Mance · License #10401347625
(518) 470-6399
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 25 at 9:06PM
MLS# 202626817
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.
The property is a two-family duplex on a 0.77-acre parcel in Altamont, NY. Built in 1760, the 2,376-square-foot residence contains six bedrooms and 2.5 bathrooms across two connected living areas. The original section includes three bedrooms, 1.5 bathrooms, wide-plank wood floors, traditional wood doors, and an open-hearth fireplace. The adjoining residence provides three bedrooms and one bathroom, along with updated sheetrock, windows, and electrical systems.
A covered rear porch connects to both residences, while each side has a two-car garage. Additional features include a deck, vinyl siding, public water, public sewer, and a shingle and asphalt roof. Zoned Multi Residence, the property can remain configured as a duplex or be adapted into a single larger residence. The offering is sold as-is.
A covered rear porch connects to both residences, while each side has a two-car garage. Additional features include a deck, vinyl siding, public water, public sewer, and a shingle and asphalt roof. Zoned Multi Residence, the property can remain configured as a duplex or be adapted into a single larger residence. The offering is sold as-is.
Key Highlights
- Two‑family duplex with 6 bedrooms and 2.5 bathrooms
- 2,376 square feet on 0.77 acres
- Each residence has a 2‑car garage
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
$27,435
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
7.84%
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%
$548,700
$548.7K
Cap Rate 7%
$391,929
$391.9K
Cap Rate 9%
$304,833
$304.8K
Market Conditions
NOI Build-Up for 2,376 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
$41.3K $17.40/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$39.2K $16.50/SF
− OpEx
−$11.8K −$4.95/SF
NOI
$27.4K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /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%
$548,700
Cap Rate 7%
$391,929
Cap Rate 9%
$304,833
Alternative Uses
Best Use
Multifamily LT 5
$391.9K
$342.9K – $457.3K
NOI $27,435 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$362.6K
$317.2K – $423.0K
NOI $25,379 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,899 @ 7.0% cap · market cap 14.83%
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
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 12009, NY
7,874
Population
3,238
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
52.6 sq mi
ZIP Area
150
Density / Sq Mi
$114,352
Median Household Income
$54,128
Median Earnings
$1,282
Median Rent
$321,500
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 - Historic duplex with two residences, shared rear porch access, and separate two-car garages.
Where is this duplex located?
The property is located at 271 Brandle Road Altamont, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑family duplex with 6 bedrooms and 2.5 bathrooms; 2,376 square feet on 0.77 acres; Each residence has a 2‑car garage
