Attached Four-Unit Townhouse
For Sale
$475,000
301 Clinton Avenue, Albany, NY 12210
Four residential units offer a mix of three- and four-bedroom layouts near downtown and major highway connections.
Property Size2,514 SF
Price / SF$188.94
Days on Market8
Property Features for 301 Clinton Avenue
General Information
Standard status
Active
Size
2,514 SF
Property subtype
Multi-family
Building Details
Year Built
1868
Listing Agency:
NAI Platform LLC
Listed By:
Anton Pasquill
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 19 at 10:46AM
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 NAI Platform LLC
Investment Insights
Based on property information with market context.
This quadplex consists of two attached townhouse structures on a single tax lot, with four residential units in total. The buildings are mechanically connected and configured as one 3-bedroom, 2-bath unit; one 4-bedroom, 2-bath unit; and two 4-bedroom, 1.5-bath units. The property was built in 1868.
The asset is located at 301 Clinton Avenue in Albany, with downtown within walking distance and major highways approximately four minutes away. Permitted or conditional uses identified for the property include a community residential facility, group living, religious institution, and bed-and-breakfast. Showings require 48 hours' notice and are available Monday through Friday during business hours.
The asset is located at 301 Clinton Avenue in Albany, with downtown within walking distance and major highways approximately four minutes away. Permitted or conditional uses identified for the property include a community residential facility, group living, religious institution, and bed-and-breakfast. Showings require 48 hours' notice and are available Monday through Friday during business hours.
Key Highlights
- Four units across two attached townhouse structures
- Unit mix includes one 3‑bedroom/2‑bath, one 4‑bedroom/2‑bath, and two 4‑bedroom/1.5‑bath units
- Single tax lot at 301 Clinton Avenue, Albany, NY 12210
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,630
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,600
$572.6K
Cap Rate 7%
$409,000
$409.0K
Cap Rate 9%
$318,111
$318.1K
Market Conditions
NOI Build-Up for 2,514 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.7K $17.40/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$40.9K $16.27/SF
− OpEx
−$12.3K −$4.88/SF
NOI
$28.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,600
Cap Rate 7%
$409,000
Cap Rate 9%
$318,111
Alternative Uses
Best Use
Multifamily LT 5
$409.0K
$357.9K – $477.2K
NOI $28,630 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$366.9K
$321.0K – $428.0K
NOI $25,680 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$663.3K
$580.4K – $773.8K
NOI $46,429 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,869
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a mix of three- and four-bedroom layouts near downtown and major highway connections.
Where is this quadplex located?
The property is located at 301 Clinton Avenue Albany, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four units across two attached townhouse structures; Unit mix includes one 3‑bedroom/2‑bath, one 4‑bedroom/2‑bath, and two 4‑bedroom/1.5‑bath units; Single tax lot at 301 Clinton Avenue, Albany, NY 12210
