Renovated Two-Family
New
For Sale
$358,550
52-54 Southern Blvd, Albany, NY 12209
Both residences provide three bedrooms and a full bath, with refreshed kitchens and bathrooms.
Property Size2,176 SF
Price / SF$164.77
Days on Market3
Property Features for 52-54 Southern Blvd
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1927
Buildings
1
Listing Agency:
Chad Majewski Real Estate
Listed By:
Michael Field
(518) 669-1804
Source:
Fieldrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 10:14PM
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 Chad Majewski Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1927, this duplex contains two residences, each with three bedrooms and one full bathroom. The property totals 2,176 square feet and has undergone renovation, including new kitchens and bathrooms, fresh paint inside and out, and basement updates.
The two-unit configuration provides separate living spaces within one residential property at 52-54 Southern Blvd in Albany, New York.
The two-unit configuration provides separate living spaces within one residential property at 52-54 Southern Blvd in Albany, New York.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bath
- 2,176 square feet of total property area
- Renovations include new kitchens and bathrooms, fresh interior and exterior paint, and basement updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,781
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,620
$495.6K
Cap Rate 7%
$354,014
$354.0K
Cap Rate 9%
$275,344
$275.3K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$37.9K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.4K $16.27/SF
− OpEx
−$10.6K −$4.88/SF
NOI
$24.8K $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%
$495,620
Cap Rate 7%
$354,014
Cap Rate 9%
$275,344
Alternative Uses
Best Use
Multifamily LT 5
$354.0K
$309.8K – $413.0K
NOI $24,781 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$317.5K
$277.8K – $370.5K
NOI $22,227 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$574.1K
$502.3K – $669.8K
NOI $40,186 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
Business Placement
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences provide three bedrooms and a full bath, with refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 52-54 Southern Blvd Albany, NY.
What is the asking price?
The asking price for this property is $358,550.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bath; 2,176 square feet of total property area; Renovations include new kitchens and bathrooms, fresh interior and exterior paint, and basement updates
