Duplex with Separate
For Sale
$239,900
Pending
466 Ontario Street, Albany, NY 12208
MultiFamily, Albany, NY
Property Size1,200 SF
Lot Size0.09 Acres
Days on Market131
Property Features for 466 Ontario Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking
3
Parking features
Garage, Driveway
Basement
Exterior Entry, Unfinished
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
From New Scotland Ave, turn on to Ontario Street. House is on the right.
Standard status
Pending
APN
010100 75.28-2-49
Size
1,200 SF
Lot size
0.09 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
5643
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1872
Number of units
2
Building materials
Aluminum Siding
Architectural style
Other
Buildings
1
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Tina Berlin · License #10401348077
(518) 688-6101
Added: Jun 24
Changed: Oct 27
Last Checked: Nov 1 at 5:06PM
MLS# 202620418
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential property offers 1,200 square feet of living space on a 0.09-acre lot. The building dates to 1872 and has aluminum siding, hot-water heating, and a newer boiler. Public water and sewer serve the property, and parking includes a garage and driveway. Hardwood floors and natural light are noted in both units, with separate utilities supporting independent service.
Key Highlights
- Two‑unit residential property
- 1,200 square feet on a 0.09‑acre lot
- Separate utilities for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,666
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,320
$273.3K
Cap Rate 7%
$195,229
$195.2K
Cap Rate 9%
$151,844
$151.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$19.5K $16.27/SF
− OpEx
−$5.9K −$4.88/SF
NOI
$13.7K $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%
$273,320
Cap Rate 7%
$195,229
Cap Rate 9%
$151,844
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.8K
NOI $13,666 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$175.1K
$153.2K – $204.3K
NOI $12,258 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
939
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood floors, natural light, and independent utility service.
Where is this duplex located?
The property is located at 466 Ontario Street Albany, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit residential property; 1,200 square feet on a 0.09‑acre lot; Separate utilities for the units
