Duplex with Detached
296 Western Avenue, Albany, NY 12203
For Sale
New
$300,000
MultiFamily, Albany, NY
Property Size2,350 SF
Lot Size0.09 Acres
Price / SF$127.66
Days on Market4
Property Features for 296 Western Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Interior features
Basement
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
Amenities
fenced backyard
hardscape patio
private rear deck
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Douglas Bricker · License NY 30BR0747387
(518) 573-6687
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 202629916
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.
This Albany duplex contains two flats with three bedrooms apiece and 2,350 square feet of living area. Hardwood, tile, and carpet flooring are among the interior finishes. The kitchens and baths have been updated, and the first-floor bathroom has been refreshed. Recent work also includes a new roof with a transferable warranty and updated windows and flooring.
The property includes a detached two-car garage, a fenced backyard with a hardscape patio, and a rear deck serving the second-floor unit. Separate utilities serve the flats. The 0.09-acre property is across from SUNYA downtown dorms.
The property includes a detached two-car garage, a fenced backyard with a hardscape patio, and a rear deck serving the second-floor unit. Separate utilities serve the flats. The 0.09-acre property is across from SUNYA downtown dorms.
Key Highlights
- Two flats, each with 3 bedrooms, in 2,350 square feet of living area
- Detached two‑car garage
- Separate utilities for the flats
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,763
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,260
$535.3K
Cap Rate 7%
$382,329
$382.3K
Cap Rate 9%
$297,367
$297.4K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$40.9K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$38.2K $16.27/SF
− OpEx
−$11.5K −$4.88/SF
NOI
$26.8K $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%
$535,260
Cap Rate 7%
$382,329
Cap Rate 9%
$297,367
Alternative Uses
Best Use
Multifamily LT 5
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$342.9K
$300.1K – $400.1K
NOI $24,005 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$620.0K
$542.5K – $723.3K
NOI $43,400 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,969
Businesses Nearby
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Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Albany, NY
Properties on Market for Duplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom flats have separate utilities, updated kitchens and baths, and access to outdoor space.
Where is this duplex located?
The property is located at 296 Western Avenue Albany, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two flats, each with 3 bedrooms, in 2,350 square feet of living area; Detached two‑car garage; Separate utilities for the flats
