Brick Duplex with Separate
For Sale
$269,000
29 Bertha Street, Albany, NY 12209
Two matching apartments, a new roof, hardwood floors, and basement laundry support flexible occupancy and rental use.
Property Size2,252 SF
Price / SF$119.45
Days on Market73
Property Features for 29 Bertha Street
General Information
Standard status
Active
Size
2,252 SF
Property subtype
Multi-family
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
laundry
Building Details
Year Built
1925
Buildings
1
Construction
solid brick
Listing Agency:
New Scotland Realty
Listed By:
Samantha M Curry · License #10491209794
(603) 209-1976
Source:
Signatureonerealtygroup
Added: Aug 19
Changed: Oct 29
Last Checked: Oct 28 at 8:45AM
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 New Scotland Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this 2,252-square-foot brick duplex at 29 Bertha St in Albany includes two apartments with matching layouts and hardwood flooring. The roof has been replaced, and each unit is separately metered for utilities. Laundry facilities are located in the basement, while street parking serves the property.
The first-floor apartment is vacant, creating flexibility for an owner occupant or a buyer planning to place the unit into service. The second apartment provides an additional residential component, and both units can be reviewed through the available 3D tour and showing process.
The first-floor apartment is vacant, creating flexibility for an owner occupant or a buyer planning to place the unit into service. The second apartment provides an additional residential component, and both units can be reviewed through the available 3D tour and showing process.
Key Highlights
- 2,252 SF brick duplex built in 1925
- Two apartments with matching layouts
- New roof and hardwood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,004
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,080
$460.1K
Cap Rate 7%
$328,629
$328.6K
Cap Rate 9%
$255,600
$255.6K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$44.6K $19.80/SF
− Vacancy
−$2.8K −$1.23/SF
EGI
$41.8K $18.57/SF
− OpEx
−$18.8K −$8.36/SF
NOI
$23.0K $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%
$460,080
Cap Rate 7%
$328,629
Cap Rate 9%
$255,600
Alternative Uses
Best Use
Multifamily LT 5
$366.4K
$320.6K – $427.4K
NOI $25,646 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$594.1K
$519.9K – $693.2K
NOI $41,590 @ 7.0% cap · market cap 15.46%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two matching apartments, a new roof, hardwood floors, and basement laundry support flexible occupancy and rental use.
Where is this duplex located?
The property is located at 29 Bertha Street Albany, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 2,252 SF brick duplex built in 1925; Two apartments with matching layouts; New roof and hardwood flooring throughout
