2-Unit Duplex with 2-Car
For Sale
$449,900
54 Mcnutt Avenue, Albany, NY 12205
Well-maintained duplex with separate utilities, hardwood floors, updated windows, and a detached garage.
Property Size1,296 SF
Price / SF$347.15
Days on Market99
Property Features for 54 Mcnutt Avenue
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Buildings
1
Listing Agency:
KW Platform
Listed By:
Dominick Ieraci · License #30IE0802009
(518) 724-5824
Source:
Signatureonerealtygroup
Added: Jul 10
Changed: Oct 15
Last Checked: Oct 16 at 8:58AM
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 KW Platform
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Investment Insights
Based on property information with market context.
This 1,296-square-foot duplex contains two separate units, each arranged on one level with two bedrooms, one full bathroom, a kitchen, living room, and hardwood flooring. Newer Pella vinyl replacement windows and a brand-new roof with warranty provide recent building updates. Separate utilities serve each unit.
Exterior features include an asphalt driveway reaching the rear, paved walking paths along the home, front off-street parking, and a large two-car garage. Both units are currently leased at below-market rents, creating an existing income stream with room for rental-rate adjustment. The property was built in 1948 and is located at 54 McNutt Avenue in Albany, NY 12205, with access to major highways, shopping, restaurants, and everyday amenities.
Exterior features include an asphalt driveway reaching the rear, paved walking paths along the home, front off-street parking, and a large two-car garage. Both units are currently leased at below-market rents, creating an existing income stream with room for rental-rate adjustment. The property was built in 1948 and is located at 54 McNutt Avenue in Albany, NY 12205, with access to major highways, shopping, restaurants, and everyday amenities.
Key Highlights
- Two‑unit duplex with 1,296 square feet of living area
- Each unit includes 2 bedrooms, 1 full bath, kitchen, living room, and hardwood floors
- Brand‑new roof with warranty and newer Pella vinyl replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,759
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
$295.2K
Cap Rate 7%
$210,843
$210.8K
Cap Rate 9%
$163,989
$164.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$22.6K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$21.1K $16.27/SF
− OpEx
−$6.3K −$4.88/SF
NOI
$14.8K $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%
$295,180
Cap Rate 7%
$210,843
Cap Rate 9%
$163,989
Alternative Uses
Best Use
Multifamily LT 5
$210.8K
$184.5K – $246.0K
NOI $14,759 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,238 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,935 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with separate utilities, hardwood floors, updated windows, and a detached garage.
Where is this duplex located?
The property is located at 54 Mcnutt Avenue Albany, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,296 square feet of living area; Each unit includes 2 bedrooms, 1 full bath, kitchen, living room, and hardwood floors; Brand‑new roof with warranty and newer Pella vinyl replacement windows
