Two-Family Duplex with
For Sale
$249,740
Pending
468 West Street, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,244 SF
Lot Size0.06 Acres
Days on Market208
Property Features for 468 West Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Window features
Wood Frames
Patio and Porch features
Porch
Basement
Walk-Out Access, Unfinished, Interior Entry, Full
Lot features
Level
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
RT 5 Central Avenue to Quail Street to West Street.
Standard status
Pending
APN
010100 64.36-3-44
Size
2,244 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7104
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Water source
Public
Amenities
front porches
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood, Linoleum
Building materials
Aluminum Siding, Shingle Siding
Roof type
Built-Up
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
William G Hannon · License #10401210864
(518) 424-4827
Added: Mar 13
Changed: Sep 12
Last Checked: Oct 6 at 8:06AM
MLS# 202613279
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 2,244-square-foot duplex, built in 1920, contains two residential units with the same practical layout: three bedrooms, a combined living and dining area, an eat-in kitchen, and one full bathroom. Both units include front porch space, while the property also offers a full basement and separated utilities. Interior finishes include hardwood and linoleum flooring, with aluminum and shingle siding on the exterior. Heating is provided by natural gas and steam.
The property occupies 0.06 acres in Albany, near Central Avenue and RT 5. Bus service is nearby, and shopping is within a short walk. The site has Multi Residence zoning, public water, public sewer, and cable availability.
The property occupies 0.06 acres in Albany, near Central Avenue and RT 5. Bus service is nearby, and shopping is within a short walk. The site has Multi Residence zoning, public water, public sewer, and cable availability.
Key Highlights
- Two‑unit duplex with 2,244 square feet of property size
- Each unit includes 3 bedrooms, a combined living and dining area, eat‑in kitchen, and 1 full bath
- Front porches and a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,922
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,440
$458.4K
Cap Rate 7%
$327,457
$327.5K
Cap Rate 9%
$254,689
$254.7K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$44.4K $19.80/SF
− Vacancy
−$2.8K −$1.23/SF
EGI
$41.7K $18.57/SF
− OpEx
−$18.8K −$8.36/SF
NOI
$22.9K $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%
$458,440
Cap Rate 7%
$327,457
Cap Rate 9%
$254,689
Alternative Uses
Best Use
Multifamily LT 5
$365.1K
$319.4K – $425.9K
NOI $25,555 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$327.5K
$286.5K – $382.0K
NOI $22,922 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,442 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,229
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature eat-in kitchens and separate utility service.
Where is this duplex located?
The property is located at 468 West Street Albany, NY.
What is the asking price?
The asking price for this property is $249,740.
What are key features of this property?
This property features: Two‑unit duplex with 2,244 square feet of property size; Each unit includes 3 bedrooms, a combined living and dining area, eat‑in kitchen, and 1 full bath; Front porches and a full basement
