499 Delaware Avenue Albany, NY 12209
Four-unit income property with updated appliances, hardwood floors, and off-street parking for multiple vehicles.
- Added:
- Feb 24, 2026
- Days on Market:
- 138
- Last Refresh:
- Jun 20 at 10:11 am
Property Features for 499 Delaware Avenue
General Information
- Standard status
- Active
- Size
- 3,368 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing office Red Door Realty NY Inc
Listing date Feb 24, 2026
Source Signatureonerealtygroup
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 Red Door Realty NY Inc
Investment Insights
Based on property information with market context.
The building is located at 499 Delaware Avenue in Albany, NY 12209. Current tenants are all on month-to-month terms, which can provide flexibility for an owner seeking to manage occupancy on a rolling basis.
From a buyer or operator standpoint, the combination of updated in-unit features and existing month-to-month tenancy can simplify initial operations. Off-street parking for multiple vehicles adds practical appeal for residents, while the four-unit structure provides an opportunity to manage multiple income streams within one property. Please note that the information provided does not specify the current rent amounts, unit layouts, or any additional property improvements beyond the new appliances and hardwood flooring.
Key Highlights
- Four‑unit income property built in 1910
- New appliances in all units
- Hardwood floors in all units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.7k | $19.80 |
| − Vacancy | −$4.1k | −$1.23 |
| EGI | $62.6k | $18.57 |
| − OpEx | −$28.1k | −$8.36 |
| NOI | $34.4k | $10.21 |
