Two-Family Duplex
For Sale
$230,000
450 Bradford St, Albany, NY 12206
Tenant-occupied duplex with two functional living units and existing rental income.
Property Size1,360 SF
Price / SF$169.12
Days on Market48
Property Features for 450 Bradford St
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Multi-Family
Listing Agency:
Continuum Commercial Realty
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Aug 30
Changed: Oct 15
Last Checked: Oct 14 at 11:23PM
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 Continuum Commercial Realty
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Investment Insights
Based on property information with market context.
Located at 450 Bradford St in Albany, this duplex contains two residential units with functional living areas. Both units are currently tenant occupied, providing existing rental income for an owner or investor. The property offers 1,360 of reported property size.
Key Highlights
- Two‑unit duplex configuration
- Both units currently tenant occupied
- Existing rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,488
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,760
$309.8K
Cap Rate 7%
$221,257
$221.3K
Cap Rate 9%
$172,089
$172.1K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$23.7K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$22.1K $16.27/SF
− OpEx
−$6.6K −$4.88/SF
NOI
$15.5K $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%
$309,760
Cap Rate 7%
$221,257
Cap Rate 9%
$172,089
Alternative Uses
Best Use
Multifamily LT 5
$221.3K
$193.6K – $258.1K
NOI $15,488 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.5K
NOI $13,892 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$358.8K
$314.0K – $418.6K
NOI $25,116 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,181
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with two functional living units and existing rental income.
Where is this duplex located?
The property is located at 450 Bradford St Albany, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Both units currently tenant occupied; Existing rental income
