Two-Unit Duplex with Private
For Sale
$399,800
49 Hillcrest Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size3,113 SF
Lot Size0.11 Acres
Price / SF$128.43
Days on Market60
Property Features for 49 Hillcrest Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2
Parking
4
Window features
Skylight(s)
Patio and Porch features
Deck
Interior features
Vaulted Ceiling(s)
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Western Ave. to Hillcrest Ave.
Standard status
Active
APN
010100 64.39-2-33
Size
3,113 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
8144
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Space Heater, Natural Gas, Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
private laundry
wet bar
multi-tiered deck
skylights
Building Details
Year built
1983
Number of units
2
Flooring type
Carpet
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Listing Agency:
Gucciardo Real Estate Group LLC
(518) 221-9079
Listed By:
Daniel Grebert · License #10401371037
(518) 441-8225
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 30 at 5:06AM
MLS# 202625187
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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Investment Insights
Based on property information with market context.
Built in 1983, this up-and-down duplex contains 3,113 square feet across two residences. The lower apartment spans two floors and measures more than 2,000 square feet, with three bedrooms, two full bathrooms, a wet bar, and a spiral staircase. The upper apartment has two bedrooms, one full bathroom, vaulted ceilings, and skylights. Each unit includes dedicated laundry, and both have interior access and a connection to the multi-tiered deck. Four off-street parking spaces serve the property. The parcel measures 0.11 acres, with public water and public sewer service.
The property sits across Western Avenue from the Harriman Campus. Area hospitals, UAlbany, and major Capital District roadways are described as minutes away. Both residences are occupied by month-to-month tenants.
The property sits across Western Avenue from the Harriman Campus. Area hospitals, UAlbany, and major Capital District roadways are described as minutes away. Both residences are occupied by month-to-month tenants.
Key Highlights
- Two‑residence duplex with 3,113 square feet
- Lower unit: more than 2,000 square feet, three bedrooms, and two full bathrooms
- Upper unit: two bedrooms, one full bathroom, vaulted ceilings, and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,452
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,040
$709.0K
Cap Rate 7%
$506,457
$506.5K
Cap Rate 9%
$393,911
$393.9K
Market Conditions
NOI Build-Up for 3,113 SF
Gross rent
$54.2K $17.40/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$50.6K $16.27/SF
− OpEx
−$15.2K −$4.88/SF
NOI
$35.5K $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%
$709,040
Cap Rate 7%
$506,457
Cap Rate 9%
$393,911
Alternative Uses
Best Use
Multifamily LT 5
$506.5K
$443.2K – $590.9K
NOI $35,452 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$454.3K
$397.5K – $530.0K
NOI $31,799 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$821.3K
$718.6K – $958.2K
NOI $57,491 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
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 - Each residence has its own laundry area, and both connect directly to a multi-level deck.
Where is this duplex located?
The property is located at 49 Hillcrest Avenue Albany, NY.
What is the asking price?
The asking price for this property is $399,800.
What are key features of this property?
This property features: Two‑residence duplex with 3,113 square feet; Lower unit: more than 2,000 square feet, three bedrooms, and two full bathrooms; Upper unit: two bedrooms, one full bathroom, vaulted ceilings, and skylights
