Two-Unit Residential Income
For Sale
$250,000
314 Manning Boulevard, Albany, NY 12206
Two-unit residential building with separate 1BR and 2BR layouts for owner-occupant or rental use.
Property Size1,694 SF
Price / SF$147.58
Days on Market183
Property Features for 314 Manning Boulevard
General Information
Standard status
Active
Size
1,694 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
KW Platform
Listed By:
Luke Khachadourian
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jan 29
Changed: Jul 10
Last Checked: Jul 15 at 10:30PM
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 KW Platform
Investment Insights
Based on property information with market context.
This two-unit residential income property offers two separate apartments within one building. The first-floor unit is configured with 1 bedroom and 1 bathroom, while the second-floor unit provides 2 bedrooms and 1 bathroom. The property is being offered for sale as a straightforward setup for either an owner-occupant or a rental-focused buyer.
The building is conveniently located near bus lines and everyday amenities, including restaurants and grocery stores. That area access can be practical for residents seeking nearby services and transit options.
From a tenant or owner-operator standpoint, the unit mix supports flexible occupancy, with a smaller first-floor apartment and a larger second-floor unit. Buyers looking to offset their housing expenses may find the two separate layouts beneficial for rental management, while owner-occupants can potentially live in one unit and rent the other.
The building is conveniently located near bus lines and everyday amenities, including restaurants and grocery stores. That area access can be practical for residents seeking nearby services and transit options.
From a tenant or owner-operator standpoint, the unit mix supports flexible occupancy, with a smaller first-floor apartment and a larger second-floor unit. Buyers looking to offset their housing expenses may find the two separate layouts beneficial for rental management, while owner-occupants can potentially live in one unit and rent the other.
Key Highlights
- Two‑unit residential building built in 1930
- First‑floor unit: 1 bedroom and 1 bathroom
- Second‑floor unit: 2 bedrooms and 1 bathroom
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 | $29.5k | $17.40 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $27.6k | $16.27 |
| − OpEx | −$8.3k | −$4.88 |
| NOI | $19.3k | $11.39 |
1,694 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.6K
$241.2K – $321.5K
NOI $19,292 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$247.2K
$216.3K – $288.4K
NOI $17,304 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$446.9K
$391.1K – $521.4K
NOI $31,285 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
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 - Two-unit residential building with separate 1BR and 2BR layouts for owner-occupant or rental use.
Where is this duplex located?
The property is located at 314 Manning Boulevard Albany, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit residential building built in 1930; First‑floor unit: 1 bedroom and 1 bathroom; Second‑floor unit: 2 bedrooms and 1 bathroom
