Renovated Duplex with Two
For Sale
$494,900
5 Leach Ave, Colonie, NY 12205
Two separate homes offer a 3-bedroom layout and a 2-bedroom layout, each with laundry on the main floor.
Property Size1,636 SF
Price / SF$302.51
Days on Market11
Property Features for 5 Leach Ave
General Information
Standard status
Active
Size
1,636 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Amenities
washer/dryer
natural gas heating
ductless air conditioning
Building Details
Year Built
1955
Listing Agency:
Julie & Co Realty LLC
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 8:41AM
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 Julie & Co Realty LLC
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Investment Insights
Based on property information with market context.
This 1,636-square-foot duplex in Colonie contains two residences: one with 3 bedrooms and 1.5 bathrooms, and the other with 2 bedrooms and 1.5 bathrooms. Both have updated kitchens and bathrooms, modern finishes, main-floor washers and dryers, natural gas heat, and ductless air conditioning. The property was built in 1955 and has undergone interior and exterior renovations, including a new roof, gutters with protective covers, siding, windows, driveway, and mechanical systems.
At 5 Leach Avenue, the property is on a dead-end street and is described as centrally located near shopping, dining, schools, and major roadways.
At 5 Leach Avenue, the property is on a dead-end street and is described as centrally located near shopping, dining, schools, and major roadways.
Key Highlights
- Two residences: one with 3 bedrooms and 1.5 bathrooms; the other with 2 bedrooms and 1.5 bathrooms
- 1,636 square feet; built in 1955
- Both units have main‑floor laundry, natural gas heat, and ductless air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,631
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,620
$372.6K
Cap Rate 7%
$266,157
$266.2K
Cap Rate 9%
$207,011
$207.0K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$28.5K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$26.6K $16.27/SF
− OpEx
−$8.0K −$4.88/SF
NOI
$18.6K $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%
$372,620
Cap Rate 7%
$266,157
Cap Rate 9%
$207,011
Alternative Uses
Best Use
Multifamily LT 5
$266.2K
$232.9K – $310.5K
NOI $18,631 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$238.7K
$208.9K – $278.5K
NOI $16,711 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$431.6K
$377.7K – $503.6K
NOI $30,214 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
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Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
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 - Two separate homes offer a 3-bedroom layout and a 2-bedroom layout, each with laundry on the main floor.
Where is this duplex located?
The property is located at 5 Leach Ave Colonie, NY.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 1.5 bathrooms; the other with 2 bedrooms and 1.5 bathrooms; 1,636 square feet; built in 1955; Both units have main‑floor laundry, natural gas heat, and ductless air conditioning
