Renovated Two-Family
New
For Sale
$358,550
52-54 Southern Boulevard, Albany, NY 12209
MultiFamily, Albany, NY
Property Size2,176 SF
Lot Size0.12 Acres
Price / SF$164.77
Days on Market5
Property Features for 52-54 Southern Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
1
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Laundry Room, Bedroom 5, Bedroom 2, Bedroom 4
Parking
6
Parking features
Driveway, Off Street
Window features
Aluminum Frames
Patio and Porch features
Porch
Interior features
Paddle Fan
Basement
Unfinished
Subdivision
Delaware Avenue
Lot features
Private, Cleared
Elementary school
Delaware Community
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Take US-9 S and merge onto I-787 S toward Albany
Standard status
Active
APN
010100 75.76-2-26
Size
2,176 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4657
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1927
Number of units
2
Flooring type
Vinyl, Linoleum, Hardwood
Building materials
Aluminum Siding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Abdul Wasey · License #10401382092
(838) 207-4471
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 14 at 5:06AM
MLS# 202628166
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 1927 duplex contains two residences, each with three bedrooms and one full bathroom. The kitchens and bathrooms have been replaced, and interior and exterior paint has been refreshed. Basement improvements, a porch, and driveway parking are among the property’s features. Heating is provided by natural gas hot water and radiant systems, with window-unit cooling.
The building contains 2,176 square feet on a 0.12-acre lot and is zoned Multi Residence. Public water and sewer serve the property; cable is available. Flooring includes vinyl, linoleum, and hardwood, and the exterior is aluminum siding beneath an asphalt shingle roof.
The building contains 2,176 square feet on a 0.12-acre lot and is zoned Multi Residence. Public water and sewer serve the property; cable is available. Flooring includes vinyl, linoleum, and hardwood, and the exterior is aluminum siding beneath an asphalt shingle roof.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bath
- 2,176‑square‑foot building on a 0.12‑acre lot
- Built in 1927; zoned Multi Residence
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
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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
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 - Each residence has three bedrooms, a full bath, and refreshed kitchen and bathroom finishes.
Where is this duplex located?
The property is located at 52-54 Southern Boulevard 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‑foot building on a 0.12‑acre lot; Built in 1927; zoned Multi Residence
