Duplex with Recent Roof
New
For Sale
$250,000
4 Wilkins Avenue, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,184 SF
Lot Size0.13 Acres
Price / SF$114.47
Days on Market6
Property Features for 4 Wilkins Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Parking
2
Parking features
Driveway, Garage
Basement
Full
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Head northeast on Henry Johnson Boulevard toward Clinton Avenue. Turn left onto Livingston Avenue, then turn right onto Wilkins Avenue. The property will be on the left.
Standard status
Active
APN
010100 65.48-2-59
Size
2,184 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2095
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas
Water source
Public
Amenities
private driveway
basement storage
Building Details
Year built
1927
Number of units
2
Flooring type
Laminate
Building materials
Wood Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Saad Tai · License #10401373295
(518) 348-9535
Added: Sep 9
Changed: Sep 14
Last Checked: Sep 14 at 2:06PM
MLS# 202625698
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 1927 duplex contains two updated units with six total bedrooms and 2,184 square feet of living area. The property includes laminate flooring, wood siding, radiant natural-gas heat, a rubber roof, basement storage, a garage, and a private driveway. Both apartments are occupied under month-to-month agreements, and the building is operating as a two-family rental property.
The front section of the roof was recently updated, while the rear section is approximately three to four years old. Public water and public sewer serve the property. Located in Albany, NY 12206, the duplex occupies a 0.13-acre parcel and offers an existing residential income configuration with separate living spaces and on-site parking.
The front section of the roof was recently updated, while the rear section is approximately three to four years old. Public water and public sewer serve the property. Located in Albany, NY 12206, the duplex occupies a 0.13-acre parcel and offers an existing residential income configuration with separate living spaces and on-site parking.
Key Highlights
- Two‑unit duplex with six total bedrooms
- 2,184 square feet on a 0.13‑acre parcel
- Both units updated and tenant occupied on month‑to‑month agreements
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
$22,309
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
8.92%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated tenant-occupied units offer month-to-month agreements, private parking, basement storage, and flexible future ownership potential.
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 six total bedrooms; 2,184 square feet on a 0.13‑acre parcel; Both units updated and tenant occupied on month‑to‑month agreements
