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    Two-Unit Residential Income Property Title is generated by Realmo AI

    314 Manning Boulevard, Albany, NY 12206

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    For Sale
    $250,000

    Two-unit residential building with separate 1BR and 2BR layouts for owner-occupant or rental use.

    Type:Multi-family
    Property size:
    1,694 SF
    Price / SF:
    $147/SF
    Added:
    Feb 19, 2026
    Days on Market:
    116
    Last Refresh:
    Jun 5 at 1:48 am

    Property Features for 314 Manning Boulevard

    General Information

    Standard status
    Active
    Size
    1,694 SF
    Property subtype
    Multi-family

    Building Details

    Year Built
    1930

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    Listing Contact
    Luke Khachadourian

    Listing agent Luke Khachadourian

    Listing office KW Platform

    Listing date Feb 19, 2026

    Source Signatureonerealtygroup

    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

    HighLights

    • Two‑unit residential building built in 1930
    • First‑floor unit: 1 bedroom and 1 bathroom
    • Second‑floor unit: 2 bedrooms and 1 bathroom
    • Two separate unit layouts suitable for owner‑occupant or rental use

    Overview

    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.

    Local 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 (±1% cap)
    NOI $19,292 @ 7.0% cap · market cap 7.72%
    Second Best
    Apartment 5plus
    $247.2K
    $216.3K – $288.4K (±1% cap)
    NOI $17,304 @ 7.0% cap · market cap 6.92%
    Theoretical Best
    Office A
    $446.9K
    $391.1K – $521.4K (±1% cap)
    NOI $31,285 @ 7.0% cap · market cap 12.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Cloverpatch Early Childhood High School Center Health Care: ... Dental Office Dr. Michele Griguts, ... Dental Office Martin Mary A Physician Colleen Klee, MS Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7864371
    Latitude
    42.6713056

    FAQs

    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
    More about this property
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