Albany Duplexes For
For Sale
$509,000
Pending
431-433 W Lawrence Street, Albany, NY 12208
Two duplexes available in Albany, each with two-bedroom units.
Property Size3,600 SF
Days on Market170
Property Features for 431-433 W Lawrence Street
General Information
Standard status
Pending
Size
3,600 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$16,000
Building Details
Year Built
1973
Listing Agency:
Realty One Group Key
Listed By:
Leah A Witko · License #10401256547
(518) 649-7505
Source:
Capmarkrealty
Added: May 14
Changed: Oct 25
Last Checked: Oct 30 at 11:31AM
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 Realty One Group Key
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Investment Insights
Based on property information with market context.
Two duplexes are available for sale, situated next to each other. Each unit features two bedrooms. The properties include a backyard. Laundry facilities are available on-site, operating on a coin-operated system. Tenants are currently on month-to-month leases. The properties are located on a street in Albany characterized by predominantly single-family homes. Landlord pays for hot water.
Key Highlights
- Two duplexes being sold together
- Each unit has 2 bedrooms
- Located on a desirable street in Albany primarily consisting of single‑family homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,998
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,960
$820.0K
Cap Rate 7%
$585,686
$585.7K
Cap Rate 9%
$455,533
$455.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$62.6K $17.40/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$58.6K $16.27/SF
− OpEx
−$17.6K −$4.88/SF
NOI
$41.0K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,960
Cap Rate 7%
$585,686
Cap Rate 9%
$455,533
Alternative Uses
Best Use
Multifamily LT 5
$585.7K
$512.5K – $683.3K
NOI $40,998 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$525.3K
$459.7K – $612.9K
NOI $36,773 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$949.8K
$831.1K – $1.11M
NOI $66,485 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
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Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two duplexes available in Albany, each with two-bedroom units.
Where is this duplex located?
The property is located at 431-433 W Lawrence Street Albany, NY.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Two duplexes being sold together; Each unit has **2 bedrooms**; Located on a desirable street in Albany primarily consisting of single‑family homes
