Side-by-Side
For Sale
$539,000
431-433 W Lawrence Street, Albany, NY 12208
Two adjacent 2-bedroom units with off-street parking, coin laundry, and month-to-month tenants.
Property Size3,600 SF
Price / SF$149.72
Days on Market94
Property Features for 431-433 W Lawrence Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Amenities
coin laundry on site
Other
Building Details
Year Built
1973
Listing Agency:
Realty One Group Key
Listed By:
Leah A Witko
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Apr 29
Changed: Jul 26
Last Checked: Jul 30 at 5:53PM
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
Investment Insights
Based on property information with market context.
This offering includes two side-by-side duplex properties sold together at 431 and 433 W Lawrence Street. Each unit features two bedrooms and includes a nice backyard. The properties also provide off-street parking and have coin-operated laundry on site. Current tenants are on month-to-month arrangements.
These duplexes are next door to each other and are identified under parcel numbers 64.74-2-48 and 64.74-2-49.
The combined setup makes this a straightforward residential income purchase focused on two repeatable 2-bedroom unit configurations within a single, adjacent grouping.
These duplexes are next door to each other and are identified under parcel numbers 64.74-2-48 and 64.74-2-49.
The combined setup makes this a straightforward residential income purchase focused on two repeatable 2-bedroom unit configurations within a single, adjacent grouping.
Key Highlights
- Year built 1973: two adjacent duplexes listed together at 431 and 433
- Each unit has 2 bedrooms
- Coin laundry on site
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 | $62.6k | $17.40 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $58.6k | $16.27 |
| − OpEx | −$17.6k | −$4.88 |
| NOI | $41.0k | $11.39 |
3,600 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$585.7K
$512.5K – $683.3K
NOI $40,998 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$525.3K
$459.7K – $612.9K
NOI $36,773 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$949.8K
$831.1K – $1.11M
NOI $66,485 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two adjacent 2-bedroom units with off-street parking, coin laundry, and month-to-month tenants.
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 $539,000.
What are key features of this property?
This property features: Year built 1973: two adjacent duplexes listed together at 431 and 433; Each unit has 2 bedrooms; Coin laundry on site
