Two-Family Duplex with Extra
New
For Sale
$240,000
44 Quail, Albany, NY 12206
The first floor is vacant with two bedrooms, while the second-floor unit is tenant-occupied and has three bedrooms.
Property Size1,818 SF
Price / SF$132.01
Days on Market4
Property Features for 44 Quail
General Information
Standard status
Active
Size
1,818 SF
Property subtype
Multi-family
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Additional Details
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
eXp Realty
Listed By:
Kimberley A Willsey
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 20 at 8:24PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,818-square-foot duplex, built in 1948, is currently a legal two-family property. The first floor has two bedrooms and is vacant; the tenant-occupied second floor has three bedrooms. A one-bedroom area is also located on the third floor. The property requires repairs, and an additional lot is included.
A three-family configuration may be possible with a required fire escape, subject to verification of all conversion requirements with the Building Department.
A three-family configuration may be possible with a required fire escape, subject to verification of all conversion requirements with the Building Department.
Key Highlights
- Currently a legal two‑family property
- 1,818 square feet; built in 1948
- Vacant first floor has 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,704
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,080
$414.1K
Cap Rate 7%
$295,771
$295.8K
Cap Rate 9%
$230,044
$230.0K
Market Conditions
NOI Build-Up for 1,818 SF
Gross rent
$31.6K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$29.6K $16.27/SF
− OpEx
−$8.9K −$4.88/SF
NOI
$20.7K $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%
$414,080
Cap Rate 7%
$295,771
Cap Rate 9%
$230,044
Alternative Uses
Best Use
Multifamily LT 5
$295.8K
$258.8K – $345.1K
NOI $20,704 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,571 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$479.6K
$419.7K – $559.6K
NOI $33,575 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,447
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The first floor is vacant with two bedrooms, while the second-floor unit is tenant-occupied and has three bedrooms.
Where is this duplex located?
The property is located at 44 Quail Albany, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Currently a legal two‑family property; 1,818 square feet; built in 1948; Vacant first floor has 2 bedrooms
