422 Manning Boulevard, Albany, NY 12206
- Added:
- Jun 26, 2026
- Days on Market:
- 11
- Last Refresh:
- Jul 6 at 4:06 am
Property Features for 422 Manning Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 8, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1
- Parking
- 4
- Parking features
- Garage, Driveway, Off Street
- Window features
- Double Pane Windows, Bay Window(s)
- Patio and Porch features
- Patio, Deck, Porch
- Interior features
- Paddle Fan, Built-in Features, Ceramic Tile Bath
- Fencing
- Perimeter, Privacy
- Basement
- Interior Entry, Unfinished, Full
- Standard status
- Pending
- APN
- 010100 65.37-3-23
- Size
- 2,755 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7195
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1932
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl, Concrete, Tile - Ceramic
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Eunice H Dawson License #10301224670 (518) 461-3061
Listing office Gabler Realty, LLC 321 Delaware Avenue, Delmar, NY (518) 935-4800
Listing date Jun 26, 2026
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.
HighLights
- Well‑maintained two‑family built in 1932 with refinished hardwood floors.
- 2nd floor remodel completed in 2019 and new boilers installed in 2021.
- Separate utilities and current ROPs in place; owner covers water and sewer costs only.
- Basement includes a kitchenette, half‑bath, and laundry with potential to convert into a third unit.
- 1st floor is vacant for sale purposes.
- Public water and public sewer; asphalt roof; garage plus driveway and off‑street parking.
Overview
The property is located at 422 Manning Boulevard in Albany, New York (12206), in Albany County.
For buyers seeking an owner-occupied rental setup, the configuration supports keeping expenses separated through individual utilities and allows for income continuity, supported by the property’s stated NOI of $52,800. The 1st floor is currently vacant for sale purposes, giving an owner the option to move in, renovate, or prepare for new occupancy. The basement’s existing kitchenette, half-bath, and laundry area also provide a practical foundation to explore an additional-unit concept, subject to required approvals and scope.
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 | $47.9k | $17.40 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $44.8k | $16.27 |
| − OpEx | −$13.4k | −$4.88 |
| NOI | $31.4k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.781453
- Latitude
- 42.670782
