Updated Two-Unit
For Sale
$250,000
Pending
4 Wilkins Avenue, Albany, NY 12206
Both residences have been updated and are occupied under month-to-month agreements.
Property Size2,184 SF
Days on Market52
Property Features for 4 Wilkins Avenue
General Information
Standard status
Pending
Size
2,184 SF
Total Parking Spaces
2
Property subtype
Multi Family / Duplex
Financials
Asking Price
$250,000
Gross Income
$34,800
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,095
Amenities
private driveway
basement storage
Rubber
Radiant, Natural Gas, Yes
Full
200+ Amp Service
Laminate
Yes
Wood Siding
Garage(s)
Other
Building Details
Year Built
1927
Tenancy
Multi
Listing Agency:
Real Broker NY LLC
Listed By:
Saad Tai · License #10401373295
(518) 348-9535
Source:
Compass
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 28 at 3:58PM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This 2,184-square-foot duplex in Albany contains two updated residences with six bedrooms in total. Both units are tenant occupied on month-to-month agreements. The front section of the roof was updated recently; the rear section is approximately three to four years old. Basement storage and a private driveway add practical features, and the property also includes garage space.
Key Highlights
- Two‑unit duplex with 2,184 square feet and six bedrooms
- Both units updated and occupied under month‑to‑month agreements
- Front roof section updated recently; rear section is approximately three to four years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,309
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,180
$446.2K
Cap Rate 7%
$318,700
$318.7K
Cap Rate 9%
$247,878
$247.9K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$43.2K $19.80/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$40.6K $18.57/SF
− OpEx
−$18.3K −$8.36/SF
NOI
$22.3K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,180
Cap Rate 7%
$318,700
Cap Rate 9%
$247,878
Alternative Uses
Best Use
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,872 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$318.7K
$278.9K – $371.8K
NOI $22,309 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,049
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have been updated and are occupied under month-to-month agreements.
Where is this duplex located?
The property is located at 4 Wilkins Avenue 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 duplex with 2,184 square feet and six bedrooms; Both units updated and occupied under month‑to‑month agreements; Front roof section updated recently; rear section is approximately three to four years old
