Duplex with Fenced
For Sale
$359,900
282 Lark Street, Albany, NY 12210
MultiFamily, Albany, NY
Property Size2,016 SF
Lot Size0.02 Acres
Price / SF$178.52
Days on Market87
Property Features for 282 Lark Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Patio and Porch features
Patio
Exterior features
Garden
Basement
Apartment
View
City
Elementary school
Giffen Memorial
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Madison to Lark.
Standard status
Active
APN
010100 76.24-5-68
Size
2,016 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
8141
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
in-unit laundry
fenced backyard
Building Details
Year built
1869
Number of units
2
Flooring type
Linoleum, Tile - Ceramic, Hardwood
Building materials
Brick
Roof type
Rubber
Buildings
1
Listing Agency:
Renovo Real Estate LLC
(518) 288-3349
Listed By:
Ana G Montemayor · License #10401357619
(518) 878-9298
Added: Jul 30
Changed: Oct 23
Last Checked: Oct 24 at 6:06AM
MLS# 202622886
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.
Built in 1869, this 2,016-square-foot brick duplex contains two residences on a 0.02-acre lot. Interior details include high ceilings, hardwood floors, decorative fireplaces, and original architectural elements. The first unit occupies two levels and has 1.5 baths, in-unit laundry, and an updated kitchen with stainless steel appliances. Both residences have access to the fenced backyard, which also includes a garden and patio.
The property is at 282 Lark Street in Albany’s Center Square neighborhood, near Washington Park, Empire State Plaza, Lark Street businesses, restaurants, cafes, and entertainment. Public water and public sewer serve the property.
The property is at 282 Lark Street in Albany’s Center Square neighborhood, near Washington Park, Empire State Plaza, Lark Street businesses, restaurants, cafes, and entertainment. Public water and public sewer serve the property.
Key Highlights
- Two‑unit brick duplex built in 1869
- 2,016 square feet on a 0.02‑acre lot
- First residence spans two levels and includes 1.5 baths, in‑unit laundry, and an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,959
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,180
$459.2K
Cap Rate 7%
$327,986
$328.0K
Cap Rate 9%
$255,100
$255.1K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$35.1K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.8K $16.27/SF
− OpEx
−$9.8K −$4.88/SF
NOI
$23.0K $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%
$459,180
Cap Rate 7%
$327,986
Cap Rate 9%
$255,100
Alternative Uses
Best Use
Multifamily LT 5
$328.0K
$287.0K – $382.7K
NOI $22,959 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$531.9K
$465.4K – $620.5K
NOI $37,231 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share access to a private outdoor area in Albany’s Center Square neighborhood.
Where is this duplex located?
The property is located at 282 Lark Street Albany, NY.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1869; 2,016 square feet on a 0.02‑acre lot; First residence spans two levels and includes 1.5 baths, in‑unit laundry, and an updated kitchen
