Two-Family Duplex with
New
For Sale
$399,900
29 Turner Place, Albany, NY 12209
Residential Income, Albany, NY
Property Size2,079 SF
Lot Size0.13 Acres
Price / SF$192.35
Days on Market4
Property Features for 29 Turner Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1
Parking features
Driveway
High school district
000000
Directions
Whitehall Rd to Turner Place, or Hackett Blvd to Turner Place. House on the street, sign on property.
Standard status
Active
APN
010100 75.42-1-9
Size
2,079 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
5979
Utilities
Heating system
Radiant
Water source
Public
Building Details
Year built
1935
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Buildings
1
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Moonrani G Gumani
(518) 356-1701
Added: Oct 21
Changed: Oct 24
Last Checked: Oct 24 at 6:06AM
MLS# 12037851
Copyright © 2026 My State MLS. 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.
This Albany duplex contains two residential units with a combined 2,079 square feet, five bedrooms, and two full bathrooms. The basement is partially finished, with additional area available for storage or potential completion subject to required approvals. Vinyl siding, vinyl and tile flooring, radiant heat, an asphalt roof, and a driveway are among the property’s features. The home was built in 1935 and is served by public water.
Set on a 0.13-acre parcel, the property includes both front and rear yards. Its two-unit configuration supports a range of ownership approaches, including living in one unit while renting the other. The address is 29 Turner Place in Albany, New York.
Set on a 0.13-acre parcel, the property includes both front and rear yards. Its two-unit configuration supports a range of ownership approaches, including living in one unit while renting the other. The address is 29 Turner Place in Albany, New York.
Key Highlights
- Two residential units with 5 bedrooms and 2 full bathrooms
- 2,079 square feet of building area on a 0.13‑acre lot
- Partially finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,676
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,520
$473.5K
Cap Rate 7%
$338,229
$338.2K
Cap Rate 9%
$263,067
$263.1K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$36.2K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$33.8K $16.27/SF
− OpEx
−$10.1K −$4.88/SF
NOI
$23.7K $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%
$473,520
Cap Rate 7%
$338,229
Cap Rate 9%
$263,067
Alternative Uses
Best Use
Multifamily LT 5
$338.2K
$296.0K – $394.6K
NOI $23,676 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$303.4K
$265.5K – $354.0K
NOI $21,237 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$548.5K
$479.9K – $639.9K
NOI $38,395 @ 7.0% cap · market cap 9.60%
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
1,095
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
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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 separate units provide five bedrooms and shared flexibility for owner occupancy or rental use.
Where is this duplex located?
The property is located at 29 Turner Place Albany, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residential units with 5 bedrooms and 2 full bathrooms; 2,079 square feet of building area on a 0.13‑acre lot; Partially finished basement
