Two-Family Residential Income
375 Sand Creek Road Albany, NY 12205
375 Sand Creek Road, Albany, NY, 12205
$440,000
For Sale
$440,000
Well-maintained two-family home with 3-bedroom/2-bath main level, 1-bedroom/1-bath upper unit, and heated garage/workshop.
Property Size2,030 SF
Lot Size0.69 Acres
Price / SF$216.75
Days on Market56
Property Features for 375 Sand Creek Road
General Information
- Standard status
- Active
- Size
- 2,030 SF
- Lot size
- 0.69 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1935
Listing agency
Vera Cohen Realty,LLC
Listed by
Anastasia Bonanno
(518) 639-4663
Source
Signatureonerealtygroup
Added: May 27 Updated: Jul 20 at 9:18PM Checked: Jul 21 at 7:06AM
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 Vera Cohen Realty,LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family property offers two separate living units and additional use space. The main level provides single-floor living with 3 bedrooms and 2 full bathrooms, along with an updated kitchen featuring newer appliances, vaulted ceilings in the primary bedroom, fresh paint, and plenty of natural light. A large basement adds excellent storage, and the property has a recently updated water heater.
The second-floor unit includes 1 bedroom and 1 bathroom and is currently occupied by a long-term month-to-month tenant who would prefer to stay. The property is set back from the road on a generously sized lot.
An oversized heated garage/workshop space provides added functionality, including its own half-bath and electric sauna, plus ample room for storage, hobbies, or projects. A brand new roof was installed over the garage/workshop in April 2026.
The second-floor unit includes 1 bedroom and 1 bathroom and is currently occupied by a long-term month-to-month tenant who would prefer to stay. The property is set back from the road on a generously sized lot.
An oversized heated garage/workshop space provides added functionality, including its own half-bath and electric sauna, plus ample room for storage, hobbies, or projects. A brand new roof was installed over the garage/workshop in April 2026.
Key Highlights
- Two‑family home built in 1935 on a 0.69‑acre lot, set back from the road.
- Main level offers 3 bedrooms and 2 full bathrooms with an updated kitchen with newer appliances and vaulted ceilings in the primary bedroom.
- Upper unit is a 1‑bedroom, 1‑bath apartment with a long‑term month‑to‑month tenant who prefers to stay.
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 | $35.3k | $17.40 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $33.0k | $16.27 |
| − OpEx | −$9.9k | −$4.88 |
| NOI | $23.1k | $11.39 |
2,030 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.3K
$289.0K – $385.3K
NOI $23,118 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,736 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$535.6K
$468.6K – $624.8K
NOI $37,490 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with 3-bedroom/2-bath main level, 1-bedroom/1-bath upper unit, and heated garage/workshop.
Where is this duplex located?
The property is located at 375 Sand Creek Road Albany, NY.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑family home built in 1935 on a 0.69‑acre lot, set back from the road.; Main level offers 3 bedrooms and 2 full bathrooms with an updated kitchen with newer appliances and vaulted ceilings in the primary bedroom.; Upper unit is a 1‑bedroom, 1‑bath apartment with a long‑term month‑to‑month tenant who prefers to stay.
