Historic Two-Family
271 Brandle Road, Altamont, NY 12009
For Sale
$350,000
MultiFamily, Altamont, NY
Property Size2,376 SF
Lot Size0.77 Acres
Price / SF$147.31
Days on Market47
Property Features for 271 Brandle Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Fireplace
Basement
Lot features
Elementary school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
518 Realty.Com Inc
(518) 456-6518
Listed By:
Tracy Mance · License NY #10401347625
(518) 470-6399
Added: Sep 24
Changed: Oct 27
Last Checked: Nov 9 at 11:06PM
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.
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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 / Yr
$27,435
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
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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
$321,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Albany County, NY
Properties on Market for Duplexes in Albany County
Vacancy Rate% for Multifamily in Northeast region
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
