Renovated Duplex with New
For Sale
$225,000
44 Osborne St, Albany, NY 12202
Two-unit residential property with refreshed interiors and one vacant unit available for occupancy or leasing.
Property Size1,840 SF
Price / SF$122.28
Days on Market57
Property Features for 44 Osborne St
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Next Chapter Real Estate Advisors
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Aug 22
Changed: Oct 16
Last Checked: Oct 16 at 8:56AM
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 Next Chapter Real Estate Advisors
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Investment Insights
Based on property information with market context.
This renovated duplex contains 1,840 square feet across two residential units. Interior updates have been completed, and the property has a brand-new roof. One unit is occupied, while the other is vacant and available for an owner-occupant or a new tenant.
Built in 1890, the property is located at 44 Osborne Street in Albany’s South End. Its two-unit configuration supports separate residential occupancy within a single building and provides flexibility for an owner-user or investor.
Built in 1890, the property is located at 44 Osborne Street in Albany’s South End. Its two-unit configuration supports separate residential occupancy within a single building and provides flexibility for an owner-user or investor.
Key Highlights
- Renovated duplex with 1,840 square feet
- Brand‑new roof
- Two residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,795
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,900
$375.9K
Cap Rate 7%
$268,500
$268.5K
Cap Rate 9%
$208,833
$208.8K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$36.4K $19.80/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$34.2K $18.57/SF
− OpEx
−$15.4K −$8.36/SF
NOI
$18.8K $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%
$375,900
Cap Rate 7%
$268,500
Cap Rate 9%
$208,833
Alternative Uses
Best Use
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,954 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$268.5K
$234.9K – $313.3K
NOI $18,795 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$485.4K
$424.8K – $566.4K
NOI $33,981 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
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-unit residential property with refreshed interiors and one vacant unit available for occupancy or leasing.
Where is this duplex located?
The property is located at 44 Osborne St Albany, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Renovated duplex with 1,840 square feet; Brand‑new roof; Two residential units
