Duplex with Pole
New
For Sale
$659,900
3400-3402 E Lydius Street, Guilderland, NY 12303
MultiFamily, Guilderland, NY
Property Size3,382 SF
Lot Size1.63 Acres
Price / SF$195.12
Days on Market2
Property Features for 3400-3402 E Lydius Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 3
Parking
10
Parking features
Driveway
Patio and Porch features
Patio
Fencing
Chain Link
Basement
Unfinished, Finished, Interior Entry
High school
Guilderland
Elementary school district
Guilderland
Middle school district
Guilderland
High school district
Guilderland
Directions
Carman Rd. to E. Lydius Street home will be on your right, before DiCaprio Park.
Standard status
Active
APN
013089 28.00-3-2
Size
3,382 SF
Lot size
1.63 Acres
Taxes and HOA fees
Tax Annual Amount
8137
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public, Well
Amenities
stamped concrete patio with built-in fireplace
metal pole barn
sidewalk to park
Building Details
Year built
1974
Number of units
2
Flooring type
Hardwood, Vinyl, Tile
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Howard Hanna Capital Inc
(518) 370-3170
Listed By:
Gina Mojanoski · License #10401359357
(518) 598-7161
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 4 at 8:06PM
MLS# 202625400
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 duplex property combines a four-bedroom, two-bath primary residence with an attached two-bedroom, one-bath apartment. The apartment has a separate entrance and independent utilities, supporting flexible occupancy arrangements. The main residence includes an updated kitchen with quartz counters, extensive storage, and a large pantry and laundry area. An upper-level primary suite includes two rooms, a walk-in closet, and a full bathroom. Additional interior space is available in the basement, while central air, forced-air heat, hardwood, tile, and vinyl flooring serve the home.
The 1.63-acre property borders the Pine Bush Preserve and adjoins DiCaprio Park, with a sidewalk connecting the property to the park. A 2,400-square-foot metal pole barn provides room for storage, workshop activities, equipment, or other permitted uses. Exterior features include a stamped concrete patio with a built-in fireplace, chain-link fencing, public water, well water, and public sewer. The property is located within the Guilderland School District.
The 1.63-acre property borders the Pine Bush Preserve and adjoins DiCaprio Park, with a sidewalk connecting the property to the park. A 2,400-square-foot metal pole barn provides room for storage, workshop activities, equipment, or other permitted uses. Exterior features include a stamped concrete patio with a built-in fireplace, chain-link fencing, public water, well water, and public sewer. The property is located within the Guilderland School District.
Key Highlights
- 4‑bedroom, 2‑bath main residence plus attached 2‑bedroom, 1‑bath apartment
- Apartment includes its own entrance and separate utilities
- 1.63‑acre parcel borders the Pine Bush Preserve and is directly behind DiCaprio Park
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
$39,051
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
5.92%
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%
$781,020
$781.0K
Cap Rate 7%
$557,871
$557.9K
Cap Rate 9%
$433,900
$433.9K
Market Conditions
NOI Build-Up for 3,382 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
$58.8K $17.40/SF
− Vacancy
−$3.1K −$0.90/SF
EGI
$55.8K $16.50/SF
− OpEx
−$16.7K −$4.95/SF
NOI
$39.1K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
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%
$781,020
Cap Rate 7%
$557,871
Cap Rate 9%
$433,900
Alternative Uses
Best Use
Multifamily LT 5
$557.9K
$488.1K – $650.9K
NOI $39,051 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$516.1K
$451.6K – $602.1K
NOI $36,125 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,873 @ 7.0% cap · market cap 11.19%
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
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
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?
Duplex - Updated duplex with a separate apartment, flexible lower-level space, and substantial accessory storage improvements.
Where is this duplex located?
The property is located at 3400-3402 E Lydius Street Guilderland, NY.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: 4‑bedroom, 2‑bath main residence plus attached 2‑bedroom, 1‑bath apartment; Apartment includes its own entrance and separate utilities; 1.63‑acre parcel borders the Pine Bush Preserve and is directly behind DiCaprio Park
