Two-Family Duplex with Rental
New
For Sale
$230,000
450 Bradford Street, Albany, NY 12206
MultiFamily, Albany, NY
Property Size1,360 SF
Lot Size0.05 Acres
Price / SF$169.12
Days on Market6
Property Features for 450 Bradford Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Basement
Interior Entry, Exterior Entry
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Central Ave to N Allen St. to Bradford St. Property is located at 450 Bradford St.
Standard status
Active
APN
010100 64.36-3-12 01
Size
1,360 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2518
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Number of units
2
Building materials
Aluminum Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
James MacDonald · License #10401378014
(518) 894-9531
Added: Aug 27
Changed: Aug 29
Last Checked: Sep 1 at 3:06PM
MLS# 202625044
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,360 square feet on a 0.05-acre lot, with four bedrooms and two bathrooms arranged across the property. The building is currently tenant occupied, and the existing rental use supports an income-producing residential configuration. Aluminum siding, a rubber roof, hot-water heating, and window-unit cooling are among the primary building features.
Public water and public sewer serve the property. The room count includes four bedrooms and two bathrooms, providing a straightforward layout for the two-family design. Its current occupancy and residential income classification make the property suitable for continued rental operation or an owner-occupant arrangement, as supported by the existing setup.
Public water and public sewer serve the property. The room count includes four bedrooms and two bathrooms, providing a straightforward layout for the two-family design. Its current occupancy and residential income classification make the property suitable for continued rental operation or an owner-occupant arrangement, as supported by the existing setup.
Key Highlights
- Two‑unit duplex with current tenant occupancy
- 1,360 square feet of building area
- 0.05‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,488
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant occupancy provides an established income stream from this compact residential property.
Where is this duplex located?
The property is located at 450 Bradford Street 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 with current tenant occupancy; 1,360 square feet of building area; 0.05‑acre lot
