Renovated Two-Family
For Sale
$289,900
31 Bertha Street, Albany, NY 12209
MULTI_FAMILY - Albany, NY
Property Size2,232 SF
Lot Size0.06 Acres
Price / SF$129.88
Days on Market10
Property Features for 31 Bertha Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 7
Patio and Porch features
Porch
Interior features
Solid Surface Counters, High Speed Internet, Built-in Features, Ceramic Tile Bath
Basement
Full, Unfinished
Lot features
Cleared
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Delaware ave Turn on Bertha house is on the right side
Standard status
Active
APN
010100 76.61-3-17
Size
2,232 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5617
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard, Hot Water(Heating), Radiant
Cooling system
Ductless
Water source
Public
Building Details
Year built
1924
Number of units
2
Flooring type
Wood, Vinyl
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Flat
Listing Agency:
Clancy Real Estate
(518) 861-7016
Listed By:
Kevin Clancy · License #37CL1081409
(518) 461-9937
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 31 at 1:06AM
MLS# 202622366
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.
Investment Insights
Based on property information with market context.
This completely renovated two-family home includes two separate dwelling units with a total of four bedrooms and two full bathrooms. Improvements and updates span the property, including updated kitchens with solid-surface countertops, tiled bathrooms, brand-new wide-plank flooring, and fresh finishes throughout. Each unit is equipped with mini-split heating and cooling systems for year-round comfort.
Both units are vacant and ready for immediate occupancy, with no existing tenants or leases in place. This configuration allows a new owner to move in while occupying one unit and renting the other, or to lease both units following acquisition.
The property is offered for sale in Albany, NY, at 31 Bertha Street (12209).
Both units are vacant and ready for immediate occupancy, with no existing tenants or leases in place. This configuration allows a new owner to move in while occupying one unit and renting the other, or to lease both units following acquisition.
The property is offered for sale in Albany, NY, at 31 Bertha Street (12209).
Key Highlights
- Two‑family home built in 1924 with both units vacant and ready for new occupancy.
- Updated kitchens with solid‑surface counters and ceramic tile bath finishes.
- Mini‑split systems in both units for efficient heating and cooling.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.8k | $17.40 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $36.3k | $16.27 |
| − OpEx | −$10.9k | −$4.88 |
| NOI | $25.4k | $11.39 |
2,232 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.1K
$317.7K – $423.7K
NOI $25,419 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$325.7K
$285.0K – $380.0K
NOI $22,799 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$588.9K
$515.3K – $687.0K
NOI $41,221 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Completely renovated two-family with both units vacant, featuring four bedrooms and updated kitchens with solid-surface countertops.
Where is this duplex located?
The property is located at 31 Bertha Street Albany, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑family home built in 1924 with both units vacant and ready for new occupancy.; Updated kitchens with solid‑surface counters and ceramic tile bath finishes.; Mini‑split systems in both units for efficient heating and cooling.
